2KE_LIMITED - Accounts

2KE_LIMITED - Accounts

2KE LIMITED - Company Information

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Company Registration No. 07379123 (England and Wales)
2KE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
2KE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
2KE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
146
218
Current assets
Stocks
-
7,600
Debtors
21,601
38,112
Cash at bank and in hand
3,533
1,006
25,134
46,718
Creditors: amounts falling due within one year
(27,657)
(36,880)
Net current liabilities/(assets)
(2,523)
9,838
Total assets less current liabilities
(2,377)
10,056
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
(2,477)
9,956
Shareholders'  funds
(2,377)
10,056
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 June 2017
Mr A J Murray
Director
Company Registration No. 07379123
2KE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). These financial statements have been prepared on a going concern basis which assumes that the company is dependent upon the continued support from the company's director. If the company were unable to trade, adjustments would have to be made to reduce the value of the assets to their recoverable amounts, to provide for further liabilities that might arise. The director has considered the period ahead and addressed the company's performance in light of the current economic downturn. The company is reliant on the continued support of its director and the director is confident that continued financial support to the company will be forthcoming for the foreseeable future to ensure that the company can meet its day-to-day commitments from cash flows. As a consequence, the director believes that the company is well placed to manage its business risks successfully despite the current uncertain economic outlook. As such, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing the annual report and accounts.

These financial statements have been prepared on a going concern basis which assumes that the

company is dependent upon the continued support from the company's director. If the company were unable to trade, adjustments would have to be made to reduce the value of the assets to their

recoverable amounts, to provide for further liabilities that might arise.

The director has considered the period ahead and addressed the company's performance in light of the current economic downturn.

The company is reliant on the continued support of its director and the

director is confident that continued financial support to the company will be forthcoming for the

foreseeable future to ensure that the company can meet its day-to-day commitments from cash flows.

As a consequence, the director believes that the company is well placed to manage its business risks

successfully despite the current uncertain economic outlook. As such, the director has a reasonable

expectation that the company has adequate resources to continue in operational existence for the

foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing the annual report and accounts.

 

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
2KE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015 & at 30 September 2016
291
Depreciation
At 1 October 2015
-
Charge for the year
145
At 30 September 2016
145
Net book value
At 30 September 2016
146
At 30 September 2015
218
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordianry of £1 each
100
100
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