Abbreviated Company Accounts - KIELDER VALLEY SERVICES LIMITED

KIELDER VALLEY SERVICES LIMITED - Company Information

Registered Number 07222347

KIELDER VALLEY SERVICES LIMITED

Abbreviated Accounts

31 March 2016

KIELDER VALLEY SERVICES LIMITED Registered Number 07222347

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	3	119,142	65,610
		119,142	65,610
Current assets
Stocks		15,212	10,723
Debtors		-	290
Cash at bank and in hand		50,744	28,768
		65,956	39,781
Creditors: amounts falling due within one year		(117,795)	(59,631)
Net current assets (liabilities)		(51,839)	(19,850)
Total assets less current liabilities		67,303	45,760
Creditors: amounts falling due after more than one year		(67,303)	(45,760)
Total net assets (liabilities)		0	0

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 December 2016

And signed on their behalf by:
Thomas George Grimwood, Director

KIELDER VALLEY SERVICES LIMITED Registered Number 07222347

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class - Depreciation method and rate
Petrol forecourt equipment - over 20 years
Campsite equipment - over 10 years

Other accounting policies
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital. Each of
the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

3Tangible fixed assets

	£
Cost
At 1 April 2015	78,223
Additions	64,060
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	142,283
Depreciation
At 1 April 2015	12,613
Charge for the year	10,528
On disposals	-
At 31 March 2016	23,141
Net book values
At 31 March 2016	119,142
At 31 March 2015	65,610