Kuvalab Creative Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08677951 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Kuvalab Creative Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J Allen

L Crooks

REGISTERED OFFICE:

88 Stoneswood Road

Delph

Saddleworth

OL3 5DZ

REGISTERED NUMBER:

08677951 (England and Wales)

ACCOUNTANTS:

The Accountancy People

Phoenix House

2 Huddersfield Road

Stalybridge

SK15 2QA

FIXED ASSETS

Tangible assets

2

1,127

1,419

CURRENT ASSETS

Debtors

5,991

8,262

Cash at bank

5,305

6,151

11,296

14,413

CREDITORS

Amounts falling due within one year

8,127

11,865

NET CURRENT ASSETS

3,169

2,548

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,296

3,967

CAPITAL AND RESERVES

Called up share capital

3

4

1

Profit and loss account

4,292

3,966

SHAREHOLDERS' FUNDS

4,296

3,967

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 directors acknowledge their 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 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 Board of Directors on 20 June 2017 and were signed on its behalf by:

J Allen - Director

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.

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

2,077

Additions

518

At 30 September 2016

2,595

DEPRECIATION

At 1 October 2015

658

Charge for year

810

At 30 September 2016

1,468

NET BOOK VALUE

At 30 September 2016

1,127

At 30 September 2015

1,419

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

4

Ordinary

1

4

1

3 Ordinary shares of 1 each were allotted and fully paid for cash at par during the year.

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30 September 2015:

30.9.16

30.9.15

£

J Allen

Balance outstanding at start of year

-

Amounts advanced

16,129

-

Amounts repaid

(11,284

)

-

Balance outstanding at end of year

4,845

-