Company Registration No. 04722033 (England and Wales)
KW IV LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2016
KW IV LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
KW IV LIMITED
ABBREVIATED BALANCE SHEET
AS AT
29 FEBRUARY 2016
29 February 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
120,000
120,000
Tangible assets
2
-
7,775
120,000
127,775
Current assets
Stocks
-
3,633
Cash at bank and in hand
7,554
9,767
7,554
13,400
Creditors: amounts falling due within one year
(174,982)
(192,286)
Net current liabilities
(167,428)
(178,886)
Total assets less current liabilities
(47,428)
(51,111)
Capital and reserves
Called up share capital
3
300
300
Profit and loss account
(47,728)
(51,411)
Shareholders' funds
(47,428)
(51,111)
For the financial period ended 29 February 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 period 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 17 February 2017
Mr R J Dance
Director
Company Registration No. 04722033
KW IV LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 29 FEBRUARY 2016
- 2 -
1
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 January 2015).
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 goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill should be written off in equal annual instalments over its estimated useful economic life. The directors have chosen not to write off the acquired goodwill in these accounts which is a departure from the requirements of the Financial Reporting Standard for Smaller E ntities (effective January 2015 ). Entities (effective January 2015).
1.5
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% reducing balance
Fixtures, fittings & equipment
25% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 June 2015
120,000
73,620
193,620
Disposals
-
(73,620)
(73,620)
At 29 February 2016
120,000
-
120,000
Depreciation
At 1 June 2015
-
65,845
65,845
On disposals
-
(67,303)
(67,303)
Charge for the period
-
1,458
1,458
At 29 February 2016
-
-
-
Net book value
At 29 February 2016
120,000
-
120,000
At 31 May 2015
120,000
7,775
127,775
KW IV LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 29 FEBRUARY 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 A Ordinary shares of £1 each
100
100
100 B Ordinary shares of £1 each
100
100
100 C Ordinary shares of £1 each
100
100
300
300
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