Abbreviated Company Accounts - KAPITAL BASEMENTS LTD

Abbreviated Company Accounts - KAPITAL BASEMENTS LTD

THE BASEMENT GROUP LTD - Company Information

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Registered Number 06957561

KAPITAL BASEMENTS LTD

Abbreviated Accounts

31 July 2016

KAPITAL BASEMENTS LTD Registered Number 06957561

Abbreviated Balance Sheet as at 31 July 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 54,797 73,063
54,797 73,063
Current assets
Stocks 20,000 21,833
Debtors 31,000 31,091
Cash at bank and in hand 19,043 11,577
70,043 64,501
Creditors: amounts falling due within one year (223,000) (223,500)
Net current assets (liabilities) (152,957) (158,999)
Total assets less current liabilities (98,160) (85,936)
Total net assets (liabilities) (98,160) (85,936)
Capital and reserves
Called up share capital 100 100
Profit and loss account (98,260) (86,036)
Shareholders' funds (98,160) (85,936)
  • For the year ending 31 July 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • 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.

Approved by the Board on 28 April 2017

And signed on their behalf by:
A KOCSIS, Director

KAPITAL BASEMENTS LTD Registered Number 06957561

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2015)

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Other accounting policies
Provisional

2Tangible fixed assets
£
Cost
At 1 August 2015 109,432
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2016 109,432
Depreciation
At 1 August 2015 36,369
Charge for the year 18,266
On disposals -
At 31 July 2016 54,635
Net book values
At 31 July 2016 54,797
At 31 July 2015 73,063