Company Registration No. 04977765 (England and Wales)
KNIGHT AND MAIDEN LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
KNIGHT AND MAIDEN LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,022
1,064
Current assets
Stocks
1,485
1,485
Debtors
577
561
Cash at bank and in hand
2,850
4,079
4,912
6,125
Creditors: amounts falling due within one year
(5,339)
(6,442)
Net current liabilities
(427)
(317)
Total assets less current liabilities
595
747
Provisions for liabilities
(205)
(213)
390
534
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
388
532
Shareholders' funds
390
534
For the financial year ended 30 November 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 members have 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 March 2017
S Day
Director
Company Registration No. 04977765
KNIGHT AND MAIDEN LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 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 is written off in equal annual instalments over its estimated useful economic life.
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:
Fixtures, fittings & equipment
25% Reducing Balance Basis
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 December 2015
11,000
7,983
18,983
Additions
-
299
299
At 30 November 2016
11,000
8,282
19,282
Depreciation
At 1 December 2015
11,000
6,919
17,919
Charge for the year
-
341
341
At 30 November 2016
11,000
7,260
18,260
Net book value
At 30 November 2016
-
1,022
1,022
At 30 November 2015
-
1,064
1,064
KNIGHT AND MAIDEN LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary Shares of £1 each
2
2
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