Kards & Kapers (Southern) Limited - Period Ending 2016-11-30

Registration number: 9853355

Kards & Kapers (Southern) Limited

Unaudited Abbreviated Accounts

for the Period from 3 November 2015 to 30 November 2016

 

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

Kards & Kapers (Southern) Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Kards & Kapers (Southern) Limited
for the Period Ended 30 November 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kards & Kapers (Southern) Limited for the period ended 30 November 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Kards & Kapers (Southern) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Kards & Kapers (Southern) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kards & Kapers (Southern) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Kards & Kapers (Southern) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Kards & Kapers (Southern) Limited. You consider that Kards & Kapers (Southern) Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Kards & Kapers (Southern) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

2 August 2017

Page 1

Kards & Kapers (Southern) Limited
(Registration number: 9853355)
Abbreviated Balance Sheet at 30 November 2016

		Note			30 November 2016 £
Fixed assets
Tangible fixed assets					28,067
Current assets
Stocks					120,027
Debtors					12,873
Cash at bank and in hand					2,564
					135,464
Creditors: Amounts falling due within one year					(198,318)
Net current liabilities					(62,854)
Net liabilities					(34,787)
Capital and reserves
Called up share capital		3			3
Profit and loss account					(34,790)
Shareholders' deficit					(34,787)

For the year ending 30 November 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.

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Kards & Kapers (Southern) Limited
(Registration number: 9853355)
Abbreviated Balance Sheet at 30 November 2016
......... continued

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 2 August 2017 and signed on its behalf by:

.........................................
Mrs L A Gill
Director

.........................................
A H Gill
Director

.........................................
Miss G L Smith
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Kards & Kapers (Southern) Limited
Notes to the Abbreviated Accounts for the Period from 3 November 2015 to 30 November 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which 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

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

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

Asset class	Depreciation method and rate
Fixtures & fitings	25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

Kards & Kapers (Southern) Limited
Notes to the Abbreviated Accounts for the Period from 3 November 2015 to 30 November 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		37,423			37,423
At 30 November 2016		37,423			37,423
Depreciation
Charge for the period		9,356			9,356
At 30 November 2016		9,356			9,356
Net book value
At 30 November 2016		28,067			28,067

3	Share capital

Allotted, called up and fully paid shares

	30 November 2016
		No.			£
Ordinary share of £1 each		3			3

New shares allotted

During the period 3 Ordinary share having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1. alloted on incorporation.

Page 5