Abbreviated Company Accounts - KINGSLAND LACEY LIMITED

KINGSLAND LACEY LIMITED - Company Information

06386524 KINGSLAND LACEY LIMITED 2016-10-31 false 2015-11-01 2016-10-31 true 06386524 2015-11-01 2016-10-31 06386524 2016-10-31 06386524 2015-10-31 06386524 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 06386524 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP shares

Registered Number 06386524

KINGSLAND LACEY LIMITED

Abbreviated Accounts

31 October 2016

KINGSLAND LACEY LIMITED Registered Number 06386524

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2	2
		2	2
Current assets
Stocks		330	650
Debtors		1,666	3,294
		1,996	3,944
Creditors: amounts falling due within one year		(1,977)	(3,861)
Net current assets (liabilities)		19	83
Total assets less current liabilities		21	85
Total net assets (liabilities)		21	85
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		19	83
Shareholders' funds		21	85

For the year ending 31 October 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 Act 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.

Approved by the Board on 30 July 2017

And signed on their behalf by:
John Edwin Kingsland Turner, Director

KINGSLAND LACEY LIMITED Registered Number 06386524

Notes to the Abbreviated Accounts for the period ended 31 October 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from whicht these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover policy
Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over the expected useful economic life as follows :

Asset class Depreciation method and rate
Office equipment straight line basis 20%

Other accounting policies
Work in progress
Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moviing stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads,

2Tangible fixed assets

	£
Cost
At 1 November 2015	1,581
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	1,581
Depreciation
At 1 November 2015	1,579
Charge for the year	-
On disposals	-
At 31 October 2016	1,579
Net book values
At 31 October 2016	2
At 31 October 2015	2

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2