Kites and Bites Ltd - Accounts

Kites and Bites Ltd - Accounts

OUTTABOX LTD - Company Information

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Registered Number : 09270053

 

 

 

KITES AND BITES LTD


Abbreviated Accounts
 


Period of accounts

Start date: 01 November 2015

End date: 31 October 2016

Kites and Bites Ltd
Contents Page
For the year ended 31 October 2016
Report of the accountant to the director of KITES AND BITES LTD.

These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfill your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended on 31/10/2016.

We have prepared these finance statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.

On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a true and fair view.

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.

For and on behalf of



....................................................
Priority Point Ltd
11 Sigma Business Centre
7 Havelock Place
Harrow
HA1 1LJ
31 July 2017
1
 
 		 Notes
 		 2016
£		   2015
£
Current assets      
Stocks 9,059    7,260 
Debtors 30    40 
Cash at bank and in hand 2,360    44 
11,449    7,344 
Creditors: amount falling due within one year (18,103)   (11,859)
Net current assets (6,654)   (4,515)
Total assets less current liabilities (6,654)   (4,515)
Net assets (6,654)   (4,515)

Capital and reserves 		     
Called up share capital 2 1    1 
Profit and loss account (6,655)   (4,516)
Shareholders funds (6,654)   (4,515)


For the year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. 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
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Signed on behalf of the board of directors


--------------------------------
Ioana Alexandra URSAN
Director

Date approved by the board: 31 July 2017
2
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of goods supplied by the company, net of trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Share Capital

Allotted
2016
£		   2015
£
1 Class A shares of £1.00 each 1    1 
1    1 

3