PRINCE KROFA & SONS LTD - Period Ending 2016-08-31

Registration number: 09182755

PRINCE KROFA & SONS LTD

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2016
 

PRINCE KROFA & SONS LTD
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

PRINCE KROFA & SONS LTD
(Registration number: 09182755)
Abbreviated Balance Sheet at 31 August 2016

		Note			2016 £			2015 £
Current assets
Debtors					-			370
Cash at bank and in hand					31			31
					31			401
Creditors: Amounts falling due within one year					(1,291)			(653)
Net liabilities					(1,260)			(252)
Capital and reserves
Called up share capital		2			10			10
Profit and loss account					(1,270)			(262)
Shareholders' deficit					(1,260)			(252)

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 director acknowledges his 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 director on 30 May 2017

.........................................
Mr Prince Richard Djan-Krofa
Director

The notes on page 2 form an integral part of these financial statements.
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PRINCE KROFA & SONS LTD
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Shares of £1 each		10			10			10			10

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