Abbreviated Company Accounts - KU-AK INTERNATIONAL LIMITED

Abbreviated Company Accounts - KU-AK INTERNATIONAL LIMITED

KU-AK INTERNATIONAL LIMITED - Company Information

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Registered Number 02868500

KU-AK INTERNATIONAL LIMITED

Abbreviated Accounts

31 March 2016

KU-AK INTERNATIONAL LIMITED Registered Number 02868500

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 136 1,368
136 1,368
Current assets
Debtors 35,096 23,000
Cash at bank and in hand 8 284
35,104 23,284
Creditors: amounts falling due within one year (31,825) (23,663)
Net current assets (liabilities) 3,279 (379)
Total assets less current liabilities 3,415 989
Total net assets (liabilities) 3,415 989
Capital and reserves
Called up share capital 4 4
Profit and loss account 3,411 985
Shareholders' funds 3,415 989
  • 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 20 December 2016

And signed on their behalf by:
K Akeredolu, Director

KU-AK INTERNATIONAL LIMITED Registered Number 02868500

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of VAT and discounts, of goods and services supplied to customers.

Tangible assets depreciation policy
Equipment is depreciated at 25% straight line basis.

2Tangible fixed assets
£
Cost
At 1 April 2015 17,704
Additions 4,258
Disposals -
Revaluations -
Transfers -
At 31 March 2016 21,962
Depreciation
At 1 April 2015 16,336
Charge for the year 5,490
On disposals -
At 31 March 2016 21,826
Net book values
At 31 March 2016 136
At 31 March 2015 1,368