Kingel Limited - Period Ending 2016-08-31

31 August 2016

Ordinary shares of £1 each

KINGEL LIMITED - Company Information

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Registration number: 09747023

Kingel Limited

Unaudited Abbreviated Accounts

for the Period from 25 August 2015 to 31 August 2016

Murrell Consultancy Limited
39 Manor Road
Sutton Coldfield
West Midlands
B73 6EE

Kingel Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Kingel Limited
for the Period Ended 31 August 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kingel Limited for the period ended 31 August 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Kingel Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Kingel Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kingel Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Kingel Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Kingel Limited. You consider that Kingel Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Kingel Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Murrell Consultancy Limited
39 Manor Road
Sutton Coldfield
West Midlands
B73 6EE

7 December 2016

Page 1

Kingel Limited
(Registration number: 09747023)
Abbreviated Balance Sheet at 31 August 2016

	Note	31 August 2016 £
Fixed assets
Tangible fixed assets		1,354
Current assets
Debtors		6,010
Cash at bank and in hand		4,169
		10,179
Creditors: Amounts falling due within one year		(8,736)
Net current assets		1,443
Net assets		2,797
Capital and reserves
Called up share capital	3	100
Profit and loss account		2,697
Shareholders' funds		2,797

For the year ending 31 August 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 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 .

Approved by the director on 7 December 2016

.........................................
Kingsley Peters
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Kingel Limited
Notes to the Abbreviated Accounts for the Period from 25 August 2015 to 31 August 2016
......... continued

1	Accounting policies

Basis of preparation

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

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

Depreciation

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
Office equipment	straight line basis over 3 years

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

	Tangible assets £	Total £
Cost
Additions	2,032	2,032
At 31 August 2016	2,032	2,032
Depreciation
Charge for the period	678	678
At 31 August 2016	678	678
Net book value
At 31 August 2016	1,354	1,354

Page 3

Kingel Limited
Notes to the Abbreviated Accounts for the Period from 25 August 2015 to 31 August 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

New shares allotted

During the period 100 Ordinary shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100. The shares were allotted as subscriber shares on incorporation.

Page 4