KB Associates (Europe) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07475102 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

KB ASSOCIATES (EUROPE) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Brunton

B P Kearns

REGISTERED OFFICE:

C/O Barringtons

Charles House

Beam Heath Way

Nantwich

Cheshire

CW5 6PQ

REGISTERED NUMBER:

07475102 (England and Wales)

ACCOUNTANTS:

Barringtons Limited

41 Cheshire Street

Market Drayton

Shropshire

TF9 1PH

FIXED ASSETS

Tangible assets

2

557,288

565,951

CURRENT ASSETS

Stocks

2,525

2,403

Debtors

158,433

251,113

Cash at bank and in hand

177,268

131,134

338,226

384,650

CREDITORS

Amounts falling due within one year

235,114

363,479

NET CURRENT ASSETS

103,112

21,171

TOTAL ASSETS LESS CURRENT
LIABILITIES

660,400

587,122

CREDITORS

Amounts falling due after more than one
year

(348,019

)

(344,790

)

PROVISIONS FOR LIABILITIES

(4,090

)

-

NET ASSETS

308,291

242,332

CAPITAL AND RESERVES

Called up share capital

3

250,100

Profit and loss account

58,191

(7,768

)

SHAREHOLDERS' FUNDS

308,291

242,332

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

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

The directors acknowledge their 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 Board of Directors on 22 March 2017 and were signed on its behalf by:

D Brunton - Director

B P Kearns - 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, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

600,097

Additions

9,765

At 30 June 2016

609,862

DEPRECIATION

At 1 July 2015

34,146

Charge for year

18,428

At 30 June 2016

52,574

NET BOOK VALUE

At 30 June 2016

557,288

At 30 June 2015

565,951

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

250,100

Ordinary

£1

250,100