Abbreviated Company Accounts - K `N` G CONVENIENCE LIMITED

Abbreviated Company Accounts - K `N` G CONVENIENCE LIMITED

K `N` G CONVENIENCE LIMITED - Company Information

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Registered Number 07004048

K `N` G CONVENIENCE LIMITED

Abbreviated Accounts

31 August 2016

K `N` G CONVENIENCE LIMITED Registered Number 07004048

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets 2 48,000 54,000
Tangible assets 3 14,554 19,405
Investments - -
62,554 73,405
Current assets
Stocks 98,872 87,809
Debtors 12,514 13,699
Investments - -
Cash at bank and in hand 73,777 82,788
185,163 184,296
Prepayments and accrued income - -
Creditors: amounts falling due within one year (132,782) (165,632)
Net current assets (liabilities) 52,381 18,664
Total assets less current liabilities 114,935 92,069
Creditors: amounts falling due after more than one year (1,663) (1,663)
Provisions for liabilities 0 0
Accruals and deferred income 0 0
Total net assets (liabilities) 113,272 90,406
Capital and reserves
Called up share capital 10,000 10,000
Share premium account 0 0
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account 103,272 80,406
Shareholders' funds 113,272 90,406
  • For the year ending 31 August 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 25 May 2017

And signed on their behalf by:
Mr Thomas Kirby, Director

K `N` G CONVENIENCE LIMITED Registered Number 07004048

Notes to the Abbreviated Accounts for the period ended 31 August 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 Standard for Smaller Entities effective April 2008.

2Intangible fixed assets
£
Cost
At 1 September 2015 60,000
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 August 2016 60,000
Amortisation
At 1 September 2015 6,000
Charge for the year 6,000
On disposals 0
At 31 August 2016 12,000
Net book values
At 31 August 2016 48,000
At 31 August 2015 54,000
3Tangible fixed assets
£
Cost
At 1 September 2015 44,969
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 August 2016 44,969
Depreciation
At 1 September 2015 25,564
Charge for the year 4,851
On disposals 0
At 31 August 2016 30,415
Net book values
At 31 August 2016 14,554
At 31 August 2015 19,405