Knitforge Limited - Abbreviated accounts

Registered number

08510441

Knitforge Limited

Abbreviated Accounts

31 March 2016

Knitforge Limited

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Knitforge Limited for the year ended 31 March 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Knitforge Limited for the year ended 31 March 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.

Manaktala & Co Limited

17 Leeland Mansions
Leeland Road
West Ealing
London
W13 9HE

15 July 2016

Knitforge Limited
Registered number:		08510441
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		392			490
Investments	3		6,000			6,000
			6,392			6,490

Current assets
Cash at bank and in hand		17,272			19,950
		17,272			19,950

Creditors: amounts falling due within one year		(22,299)			(19,877)

Net current (liabilities)/assets			(5,027)			73

Net assets			1,365			6,563

Capital and reserves
Called up share capital	4		100			100
Profit and loss account			1,265			6,463

Shareholder's funds			1,365			6,563

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr O S Kola-Mustapha
Director
Approved by the board on 15 July 2016

Knitforge Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the invoiced value, less value added tax, in respect of services supplied by the company.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Office equipment			20% reducing balance basis


2	Tangible fixed assets					£

	Cost
	At 1 April 2015					718
	At 31 March 2016					718

	Depreciation
	At 1 April 2015					228
	Charge for the year					98
	At 31 March 2016					326

	Net book value
	At 31 March 2016					392
	At 31 March 2015					490


3	Investments					£

	Cost
	At 1 April 2015					6,000

	At 31 March 2016					6,000

4	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100