CARPO (KNIGHTSBRIDGE) LTD - Abbreviated accounts
CARPO (KNIGHTSBRIDGE) LTD - Abbreviated accounts
Registered number |
AGK Partners |
Chartered Accountants |
Registered number | |||||||
Abbreviated Balance Sheet | |||||||
as at |
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Notes | 2016 | ||||||
£ | |||||||
Fixed assets | |||||||
Tangible assets | 2 | ||||||
Current assets | |||||||
Stocks | |||||||
Debtors | |||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | ( |
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Net current liabilities | ( |
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Net (liabilities)/assets | ( |
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Capital and reserves | |||||||
Called up share capital | 3 | ||||||
Profit and loss account | ( |
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Shareholder's funds | ( |
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Approved by the board on |
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Mr K Kontopoulos | |||||||
Director | |||||||
Notes to the Abbreviated Accounts | ||||||||
for the period ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Turnover | ||||||||
Depreciation | ||||||||
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. | ||||||||
Leasehold additions | ||||||||
Plant and machinery | ||||||||
Stocks | ||||||||
Stock is valued at the lower of cost and net realisable value. | ||||||||
Deferred taxation | ||||||||
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes, provided the amount is material in the context of the Financial Statement as a whole. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. | ||||||||
Foreign currencies | ||||||||
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. | ||||||||
Leasing and hire purchase commitments | ||||||||
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
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Going concern | ||||||||
The accounts have been prepared on a going concern basis as detailed in Note 4. | ||||||||
2 | Tangible fixed assets | £ | ||||||
Cost | ||||||||
Additions | ||||||||
At 30 June 2016 | ||||||||
Depreciation | ||||||||
Charge for the period | ||||||||
At 30 June 2016 | ||||||||
Net book value | ||||||||
At 30 June 2016 | ||||||||
3 | Share capital | Nominal | 2016 | 2016 | ||||
value | Number | £ | ||||||
Allotted, called up and fully paid: | ||||||||
£ |
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Nominal | Number | Amount | ||||||
value | £ | |||||||
Shares issued during the period: | ||||||||
£ |
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4 | Going concern | |||||||
During the year, the company had a net liabilities position of £130,187 and a loss for the year of £130,188. The director is of the opinion that the company will continue in operational existence for the forseeable future, at least 12 months from the approval date of these accounts. |