M&S_KINGSTON_LIMITED - Accounts

M&S KINGSTON LIMITED - Company Information

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Company Registration No. 08444030 (England and Wales)

M&S KINGSTON LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

M&S KINGSTON LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

M&S KINGSTON LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

161,435

191,587

Current assets

Stocks

6,750

6,500

Debtors

18,088

15,853

Cash at bank and in hand

46,153

77,366

70,991

99,719

Creditors: amounts falling due within one year

(254,779)

(306,426)

Net current liabilities

(183,788)

(206,707)

Total assets less current liabilities

(22,353)

(15,120)

Capital and reserves

Called up share capital

Profit and loss account

(22,355)

(15,122)

Shareholders' funds

(22,353)

(15,120)

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 and authorised for issue on 31 May 2016

Mr Khalid Mirza

Director

Company Registration No. 08444030

M&S KINGSTON 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.

As at 31st March 2016 the company had net liability of £22,355 (2015: £15,122). In assessing going concern for the purposes of preparing the financial statements. The directors have acknowledged that this in a start up situation for the business and they have received assurance from the company's principal shareholder to prove adequate financial support on the going concern basis.

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:

Land and buildings Leasehold

Wriiten off over period of 10years

Plant and machinery

25% reducing balance method

Fixtures, fittings & equipment

25% reducing balance methord

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

M&S KINGSTON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 April 2015 & at 31 March 2016

231,286

Depreciation

At 1 April 2015

39,699

Charge for the year

30,152

At 31 March 2016

69,851

Net book value

At 31 March 2016

161,435

At 31 March 2015

191,587

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary share capital of £1 each