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Private Limited Company
05505659
2016-07-31
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2015-08-01
2016-07-31
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| K3 Interior Design Limited |
For the year ended 31 July 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05505659
2
K3 Interior Design Limited
For the year ended 31 July 2016
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
| Abbreviated Balance Sheet |
K3 Interior Design Limited
2016
2015
2
967
1,118
967
1,118
13,255
15,765
35,514
9,378
3,980
9,305
29,123
58,074
| Creditors: amounts falling due within one year |
(38,151)
(19,617)
19,923
9,506
Net current assets
| Total assets less current liabilities |
10,473
21,041
| Creditors: amounts falling due after more than one year |
(6,500)
(2,500)
(193)
(224)
| Provisions for liabilities |
7,780
Net assets
14,317
100
100
7,680
14,217
7,780
14,317
Shareholders funds
| For the year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts |
| These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. |
| Date approved by the board: 19 April 2017 |
| Mrs. Karen Byford Director |
| Signed on behalf of the board of directors |
1 of 3
4
| Notes to the Abbreviated Financial Statements |
K3 Interior Design Limited
For the year ended 31 July 2016
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover comprises the value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations. Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted. |
| Tangible fixed assets, are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. |
2 of 3
5
| Notes to the Abbreviated Financial Statements |
K3 Interior Design Limited
For the year ended 31 July 2016
6,360
170
6,530
5,242
321
Charge for year
5,563
967
1,118
3 of 3
