K Inc Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07278676

Abbreviated Unaudited Accounts

for the Year Ended 30th June 2016

for

K Inc Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr M G Patten

REGISTERED OFFICE:

7 Fitzwilliam Road

Clapham

London

SW4 0DL

REGISTERED NUMBER:

07278676

ACCOUNTANTS:

Pigram & Co

2 Burgess Cottages

Pound Hill

Little Dunmow

Essex

CM6 3HW

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

16,834

20,972

16,834

20,972

CURRENT ASSETS

Debtors

31,706

12,132

Cash at bank

13,214

14,858

44,920

26,990

CREDITORS

Amounts falling due within one year

40,264

30,637

NET CURRENT ASSETS/(LIABILITIES)

4,656

(3,647

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

21,490

17,325

CAPITAL AND RESERVES

Called up share capital

4

500

Profit and loss account

20,990

16,825

SHAREHOLDERS' FUNDS

21,490

17,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 21st January 2017 and were signed by:

Mr M G Patten - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2015

and 30th June 2016

45,000

AMORTISATION

At 1st July 2015

and 30th June 2016

45,000

NET BOOK VALUE

At 30th June 2016

-

At 30th June 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2015

56,889

Additions

1,474

At 30th June 2016

58,363

DEPRECIATION

At 1st July 2015

35,917

Charge for year

5,612

At 30th June 2016

41,529

NET BOOK VALUE

At 30th June 2016

16,834

At 30th June 2015

20,972

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/6/16

30/6/15

value:

£

500

Ordinary

£1

500