KINGSBURY_INVESTMENT_AND_ - Accounts

KINGSBURY INVESTMENT & DEVELOPMENT CONSULTANTS LIMITED - Company Information

Print Friendly Version

Company Registration No. 06869268 (England and Wales)

KINGSBURY INVESTMENT AND DEVELOPMENT CONSULTANTS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

KINGSBURY INVESTMENT AND DEVELOPMENT CONSULTANTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

KINGSBURY INVESTMENT AND DEVELOPMENT CONSULTANTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

139,470

196,788

Current assets

Debtors

354,485

281,369

Cash at bank and in hand

2,343,106

1,511,354

2,697,591

1,792,723

Creditors: amounts falling due within one year

(579,733)

(960,172)

Net current assets

2,117,858

832,551

Total assets less current liabilities

2,257,328

1,029,339

Capital and reserves

Called up share capital

Profit and loss account

2,257,317

1,029,328

Shareholders' funds

2,257,328

1,029,339

For the financial 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.

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 for issue on 20 January 2017

Mr Ross Kemp

Director

Company Registration No. 06869268

KINGSBURY INVESTMENT AND DEVELOPMENT CONSULTANTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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 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:

Plant and machinery

25% Straight Line

Fixtures, fittings & equipment

25% Straight Line

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities.

Fees earned for managing properties and providing facilities is generally recognised in the period the services are provided using a straight line basis over the term of the contract.

KINGSBURY INVESTMENT AND DEVELOPMENT CONSULTANTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 May 2015

309,085

Additions

22,833

At 30 April 2016

331,918

Depreciation

At 1 May 2015

112,297

Charge for the year

80,151

At 30 April 2016

192,448

Net book value

At 30 April 2016

139,470

At 30 April 2015

196,788

Share capital

2016

2015

Allotted, called up and fully paid

1,000 "A" Ordinary shares of 1p each

100 "B" Ordinary shares of 1p each