Abbreviated Company Accounts - K N TOURING LIMITED

K N TOURING LIMITED - Company Information

07169522 K N TOURING LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 07169522 2015-04-01 2016-03-31 07169522 2016-03-31 07169522 2015-03-31 07169522 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 07169522 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 07169522

K N TOURING LIMITED

Abbreviated Accounts

31 March 2016

K N TOURING LIMITED Registered Number 07169522

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Current assets
Stocks		3,500	3,500
Debtors		486	1,493
Cash at bank and in hand		259	757
		4,245	5,750
Creditors: amounts falling due within one year		(108,105)	(105,761)
Net current assets (liabilities)		(103,860)	(100,011)
Total assets less current liabilities		(103,860)	(100,011)
Total net assets (liabilities)		(103,860)	(100,011)
Capital and reserves
Called up share capital	2	1	1
Profit and loss account		(103,861)	(100,012)
Shareholders' funds		(103,860)	(100,011)

For the year ending 31 March 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 31 July 2017

And signed on their behalf by:
K Nash, Director

K N TOURING LIMITED Registered Number 07169522

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

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover comprises revenue recognised by the company in respect of goods and services
supplied during the year, exclusive of Value Added Tax and trade discounts.

Other accounting policies
Going concern
As at the balance sheet date, the company had net current liabilities of £103,860 (2015:
£100,011). Accordingly the financial statements have been prepared on a going concern basis as
the director has confirmed that she will continue to support the company for the foreseeable
future and meet the excess liabilities if the company is unable to do so.

Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making
due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an
appropriate proportion of fixed and variable overheads.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at
rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the
transaction.
Exchange gains and losses are recognised in the profit and loss account.

2Called Up Share Capital
Allotted, called up and fully paid:

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