K_CAPITAL_LIMITED - Accounts

K CAPITAL LTD - Company Information

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Company Registration No. 07318849 (England and Wales)

K CAPITAL LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

K CAPITAL LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

K CAPITAL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Current assets

Stocks

446,357

390,612

Debtors

1,387

Cash at bank and in hand

2,442,879

1,011,661

2,890,623

1,402,274

Creditors: amounts falling due within one year

(346,999)

(206,002)

Total assets less current liabilities

2,543,624

1,196,272

Capital and reserves

Called up share capital

Profit and loss account

2,543,623

1,196,271

Shareholders' funds

2,543,624

1,196,272

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.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his 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

R Kemp

Director

Company Registration No. 07318849

K CAPITAL 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 and trading properties net of VAT and trade discounts.

1.4

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.

Revenue from sale of properties is recognised when the risks and rewards of ownership are trasnferred to the purchaser.