KSN Solicitors Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07168666 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2016

for

KSN Solicitors Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

T A Barrett

REGISTERED OFFICE:

York House

37 Heatherdale Road

Camberley

Surrey

GU15 2LT

REGISTERED NUMBER:

07168666 (England and Wales)

ACCOUNTANTS:

Barnbrook Sinclair

Chartered Accountants

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Intangible assets

2

24,500

26,250

Tangible assets

3

1,902

1,756

26,402

28,006

CURRENT ASSETS

Debtors

11,896

25,511

Cash at bank

7,148

11,454

19,044

36,965

CREDITORS

Amounts falling due within one year

(44,806

)

(55,508

)

NET CURRENT LIABILITIES

(25,762

)

(18,543

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

640

9,463

CAPITAL AND RESERVES

Called up share capital

4

125

Profit and loss account

515

9,338

SHAREHOLDERS' FUNDS

640

9,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23 November 2016 and were signed by:

T A Barrett - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

2.	INTANGIBLE FIXED ASSETS

Total

£

Cost

At 1 April 2015

and 31 March 2016

35,000

Amortisation

At 1 April 2015

8,750

Amortisation for year

1,750

At 31 March 2016

10,500

Net book value

At 31 March 2016

24,500

At 31 March 2015

26,250

3.	TANGIBLE FIXED ASSETS

Total

£

Cost

At 1 April 2015

3,204

Additions

943

At 31 March 2016

4,147

Depreciation

At 1 April 2015

1,448

Charge for year

797

At 31 March 2016

2,245

Net book value

At 31 March 2016

1,902

At 31 March 2015

1,756

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary A

£1

100

25

Ordinary B

£1

25

125