KBHC Building Services Ltd,Ltd - Accounts

KBHC BUILDING SERVICES LIMITED - Company Information

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KBHC Building Services Ltd

For the year ended 30 April 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 09519013

Abbreviated Balance Sheet

KBHC Building Services Ltd

As at 30 April 2016

09519013

Registered Number :

2016

Notes

Fixed assets

Tangible assets

5,100

Current assets

Stocks

9,250

Debtors

11,220

Cash at bank and in hand

821

21,291

Creditors: amounts falling due within one year

(26,345)

(5,054)

Net current liabilities

Total assets less current liabilities

Net assets/liabilities

Capital and reserves

Called up share capital

Profit and loss account

Shareholders funds

For the year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The director acknowledges his 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.

Date approved by the board: 23 December 2016

T Grisley Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

KBHC Building Services Ltd

For the year ended 30 April 2016

1 Accounting Policies

Basis of accounting

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

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved

by the shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles

15% Reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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Notes to the Abbreviated Financial Statements

KBHC Building Services Ltd

For the year ended 30 April 2016

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

6,000

Additions

At 30 April 2016

6,000

Depreciation

900

Charge for year

900

At 30 April 2016

Net book values

At 30 April 2016

5,100

3 Share capital

Allotted called up and fully paid

2016

1 Ordinary share of £1.00 each

1 Ordinary £1.00 share has been issued during the year at par for a cash consideration of £1.

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