KICKTAG_WEB_SOLUTIONS_LIM - Accounts

KICKTAG WEB SOLUTIONS LTD - Company Information

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Company Registration No. 07711514 (England and Wales)

KICKTAG WEB SOLUTIONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

KICKTAG WEB SOLUTIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

KICKTAG WEB SOLUTIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

2,060

2,299

Current assets

Debtors

36,902

10,931

Cash at bank and in hand

31,499

28,779

68,401

39,710

Creditors: amounts falling due within one year

(78,566)

(42,006)

Net current liabilities

(10,165)

(2,296)

Total assets less current liabilities

(8,105)

Capital and reserves

Called up share capital

100

Profit and loss account

(8,205)

Shareholders' funds

(8,105)

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 14 December 2016

Mr P Ansell

Director

Company Registration No. 07711514

KICKTAG WEB SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

20% Straight line

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 April 2015

3,018

Additions

398

At 31 March 2016

3,416

Depreciation

At 1 April 2015

719

Charge for the year

637

At 31 March 2016

1,356

Net book value

At 31 March 2016

2,060

At 31 March 2015

2,299

KICKTAG WEB SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

On 01 April 2015 98 ordinary shares of £1 were issued, for which £98 was received.