Kings Worldwide Limited - Abbreviated accounts 16.3

Kings Worldwide Limited - Abbreviated accounts 16.3

KINGS WORLDWIDE LIMITED - Company Information

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REGISTERED NUMBER: 00432015 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

KINGS WORLDWIDE LIMITED

KINGS WORLDWIDE LIMITED (REGISTERED NUMBER: 00432015)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

KINGS WORLDWIDE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2016







DIRECTOR: C B Hammerson





SECRETARY: B Hammerson Wood





REGISTERED OFFICE: Wellington House
273 -275 High Street
London Colney
St Albans
AL2 1HA





REGISTERED NUMBER: 00432015 (England and Wales)





ACCOUNTANTS: Newman Morris Limited
Chartered Accountants
Wellington House
273-275 High Street
London Colney
Hertfordshire
AL2 1HA
Page 1
KINGS WORLDWIDE LIMITED (REGISTERED NUMBER: 00432015)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,025 914

CURRENT ASSETS
Debtors 304,897 169,065
Cash at bank and in hand 82,549 53,473
387,446 222,538
CREDITORS
Amounts falling due within one year 200,110 52,361
NET CURRENT ASSETS 187,336 170,177
TOTAL ASSETS LESS CURRENT
LIABILITIES
188,361
171,091

CAPITAL AND RESERVES
Called up share capital 3 100 100
Share premium 28,736 28,736
Profit and loss account 159,525 142,255
SHAREHOLDERS' FUNDS 188,361 171,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these abbreviated accounts

Page 2
KINGS WORLDWIDE LIMITED (REGISTERED NUMBER: 00432015)

ABBREVIATED BALANCE SHEET - continued
30 SEPTEMBER 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 12 June 2017 and were signed by:





C B Hammerson - Director


The notes form part of these abbreviated accounts

Page 3
KINGS WORLDWIDE LIMITED (REGISTERED NUMBER: 00432015)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements 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 net invoiced sales of goods, excluding value added tax.

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

Fixtures and fittings - 25% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015 15,041
Additions 507
At 30 September 2016 15,548
DEPRECIATION
At 1 October 2015 14,127
Charge for year 396
At 30 September 2016 14,523
NET BOOK VALUE
At 30 September 2016 1,025
At 30 September 2015 914

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
50 'A' Ordinary £1 50 50
50 'B' Ordinary £1 50 50
100 100

Page 4
KINGS WORLDWIDE LIMITED (REGISTERED NUMBER: 00432015)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2016

4. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2016
and 30 September 2015:

2016 2015
£    £   
C B Hammerson
Balance outstanding at start of year 109,007 126,153
Amounts advanced - 23,790
Amounts repaid (28,578 ) (40,936 )
Balance outstanding at end of year 80,429 109,007

No Interest was charged on the above loan.

Page 5