Micro-entity Accounts - K.A.K. LIMITED

04024411 K.A.K. LIMITED 2016-12-29 false 2016-01-01 2016-12-29 true 04024411 2016-01-01 2016-12-29 04024411 2016-12-29 04024411 2015-12-31 04024411 uk-gaap-cd-bus:Director1 2016-01-01 2016-12-29 04024411 uk-gaap-cd-bus:Director2 2016-01-01 2016-12-29 04024411 uk-gaap-cd-bus:AllEntityOfficers 2016-01-01 2016-12-29 iso4217:GBP shares

Registered Number 04024411

K.A.K. LIMITED

Micro-entity Accounts

29 December 2016

K.A.K. LIMITED Registered Number 04024411

Micro-entity Balance Sheet as at 29 December 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	1	2,583	3,444
		2,583	3,444
Current assets
Debtors		5,853	8,914
Investments		469,227	119,577
Cash at bank and in hand		33,333	18,810
		508,413	147,301
Creditors: amounts falling due within one year		(493,977)	(139,781)
Net current assets (liabilities)		14,436	7,520
Total assets less current liabilities		17,019	10,964
Total net assets (liabilities)		17,019	10,964
Capital and reserves
Called up share capital		2	2
Profit and loss account		17,017	10,962
Shareholders' funds		17,019	10,964

For the year ending 29 December 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 6 July 2017

And signed on their behalf by:
Dr Kadhim Khalil, Director

K.A.K. LIMITED Registered Number 04024411

Notes to the Micro-entity Accounts for the period ended 29 December 2016

1Tangible fixed assets

	£
Cost
At 1 January 2016	24,712
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 29 December 2016	24,712
Depreciation
At 1 January 2016	21,268
Charge for the year	861
On disposals	-
At 29 December 2016	22,129
Net book values
At 29 December 2016	2,583
At 31 December 2015	3,444

2Accounting Policies

Basis of measurement and preparation of accounts
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 January 2015).
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).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Fixed asset investments are stated at cost less provision for diminution in value.
Fixtures, fittings & equipment 25% on reducing balance basis.

Other accounting policies
Investments
Current asset investments are stated at the lower of cost and net realisable value.