Abbreviated Company Accounts - KONNEXION LIMITED

Abbreviated Company Accounts - KONNEXION LIMITED

KONNEXION LIMITED - Company Information

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Registered Number NI031169

KONNEXION LIMITED

Abbreviated Accounts

31 July 2016

KONNEXION LIMITED Registered Number NI031169

Abbreviated Balance Sheet as at 31 July 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 24,926 25,748
Investments - -
24,926 25,748
Current assets
Stocks - -
Debtors 3,120 5,700
Investments - -
Cash at bank and in hand 23,524 43,617
26,644 49,317
Prepayments and accrued income - -
Creditors: amounts falling due within one year 3 (15,141) (17,991)
Net current assets (liabilities) 11,503 31,326
Total assets less current liabilities 36,429 57,074
Creditors: amounts falling due after more than one year 3 (13,313) (18,027)
Provisions for liabilities 0 0
Accruals and deferred income 0 0
Total net assets (liabilities) 23,116 39,047
Capital and reserves
Called up share capital 4 2 2
Share premium account 0 0
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account 23,114 39,045
Shareholders' funds 23,116 39,047
  • For the year ending 31 July 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 directors acknowledge their 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 Board on 3 February 2017

And signed on their behalf by:
Ian Moran, Director

KONNEXION LIMITED Registered Number NI031169

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
These financial statements have been prepared in compliance with FRS 102, "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Turnover policy
Turnover is measured at the fair value of the consideration received or receivable for the goods and services supplied, net of discounts and VAT.

Tangible assets depreciation policy
Tangible assets are initially recoded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

2Tangible fixed assets
£
Cost
At 1 August 2015 75,423
Additions 3,594
Disposals 0
Revaluations 0
Transfers 0
At 31 July 2016 79,017
Depreciation
At 1 August 2015 49,675
Charge for the year 4,416
On disposals 0
At 31 July 2016 54,091
Net book values
At 31 July 2016 24,926
At 31 July 2015 25,748
3Creditors
2016
£		 2015
£
Secured Debts 18,027 22,741
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
2 Ordinary shares of £1 each 2 2