Kiki Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 03808120

Unaudited Financial Statements For The Year Ended 31st July 2016

for

Kiki Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr C Kikis

SECRETARY:

Mr C Kikis

REGISTERED OFFICE:

c/o Aston Shaw

The Union Building

51-59 Rose Lane

Norwich

Norfolk

NR1 1BY

REGISTERED NUMBER:

03808120

ACCOUNTANTS:

Aston Shaw Ltd

The Union Building

51-59 Rose Lane

Norwich

Norfolk

NR1 1BY

FIXED ASSETS

Intangible assets

2

3,569

4,609

Tangible assets

3

35,366

39,339

38,935

43,948

CURRENT ASSETS

Stocks

4

990

1,004

Debtors

5

563,173

612,698

Cash at bank

130,877

19,221

695,040

632,923

CREDITORS

Amounts falling due within one year

6

378,309

328,374

NET CURRENT ASSETS

316,731

304,549

TOTAL ASSETS LESS CURRENT LIABILITIES

355,666

348,497

PROVISIONS FOR LIABILITIES

7

460

996

NET ASSETS

355,206

347,501

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

355,205

347,500

SHAREHOLDERS' FUNDS

355,206

347,501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26th April 2017 and were signed by:

Mr C Kikis - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Website

The Website is amortised over its expected useful life of 10 years.

Tangible fixed assets

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

Improvements to property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

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.

Going concern

These financial statements have been prepared on the going concern basis. The Director consider

this basis to be appropriate but has not assessed a period in excess of 12 months from the date

of approving the accounts.

2.	INTANGIBLE FIXED ASSETS

Website

£

COST

At 1st August 2015

and 31st July 2016

10,394

AMORTISATION

At 1st August 2015

5,785

Amortisation for year

1,040

At 31st July 2016

6,825

NET BOOK VALUE

At 31st July 2016

3,569

At 31st July 2015

4,609

3.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st August 2015

37,879

10,074

8,289

At 31st July 2016

37,879

10,074

8,289

DEPRECIATION

At 1st August 2015

6,489

8,142

6,411

Charge for year

758

386

281

At 31st July 2016

7,247

8,528

6,692

NET BOOK VALUE

At 31st July 2016

30,632

1,546

1,597

At 31st July 2015

31,390

1,932

1,878

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st August 2015

13,750

40,490

110,482

Additions

-

100

100

At 31st July 2016

13,750

40,590

110,582

DEPRECIATION

At 1st August 2015

12,718

37,383

71,143

Charge for year

258

2,390

4,073

At 31st July 2016

12,976

39,773

75,216

NET BOOK VALUE

At 31st July 2016

774

817

35,366

At 31st July 2015

1,032

3,107

39,339

4.

STOCKS

31/7/16

31/7/15

£

£

Stocks

990

1,004

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/16

31/7/15

£

£

Trade debtors

62,206

50,697

The fresh network

47,524

47,024

Vitalia Health Distribution

34,714

34,714

Other debtors

275,743

275,745

Kiki distribution ltd

142,986

204,518

563,173

612,698

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/16

31/7/15

£

£

Trade creditors

166,126

103,718

Tax

2,912

11,221

Social security and other taxes

868

810

VAT

2,821

16,578

Other creditors

3,015

2,799

Directors' loan accounts

200,745

191,429

Accrued expenses

1,822

1,819

378,309

328,374

7.	PROVISIONS FOR LIABILITIES

31/7/16

31/7/15

£

£

Deferred tax

460

996

Deferred

tax

£

Balance at 1st August 2015

996

Movement in the year

(536

)

Balance at 31st July 2016

460

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/7/16

31/7/15

value:

£

£

1

Ordinary

£1

1

1

9.

RESERVES

Retained

earnings

£

At 1st August 2015

347,500

Profit for the year

7,705

At 31st July 2016

355,205

10.	RELATED PARTY DISCLOSURES

In the period under review the Director Mr C Kikis was also the Director of Kiki Distribution Ltd,

The Fresh Network Ltd and Vitalia Health Distributions Ltd.

At the Balance sheet date Kiki Distribution Ltd owed Kiki Limited £142,986 (2015: £114,475).

This is included within Kiki Distribution ltd on the Balance sheet.

Kiki Distribution Ltd sold goods to Kiki Limited in the period under review amounting to £363,899

(2015: £414,278). At the Balance sheet date £42,750 was outstanding and included within Trade

creditors.

Kiki Limited raised a management charge to Kiki Distribution Ltd in the period under review

amounting to £30,000 (2015: £Nil). At the Balance sheet date this was outstanding and included

in Kiki Distribution ltd.

At the Balance sheet date The Fresh Network Ltd owed Kiki Limited £47,524 (2015: £47,024).

This is included within The fresh network on the Balance sheet.

At the Balance sheet date Vitalia Health Distributions Ltd owed Kiki Limited £34,714 (2015:

£34,714). This is included within Vitalia Health Distribution on the Balance sheet.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party for this year and the preceding year is the director Mr C Kikis by

way of his share holdings.