KMS (Swindon) Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08302477 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 November 2016

for

KMS (Swindon) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Miss K M Stevens

REGISTERED OFFICE:

24 Kestrel Drive

Swindon

England

Wiltshire

SN3 5DN

REGISTERED NUMBER:

08302477 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

FIXED ASSETS

Tangible assets

2

1,747

2,142

CURRENT ASSETS

Debtors

10,787

30

Cash at bank

3,900

2,822

14,687

2,852

CREDITORS

Amounts falling due within one year

15,549

5,946

NET CURRENT LIABILITIES

(862

)

(3,094

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

885

(952

)

PROVISIONS FOR LIABILITIES

332

432

NET ASSETS/(LIABILITIES)

553

(1,384

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

453

(1,484

)

SHAREHOLDERS' FUNDS

553

(1,384

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 22 August 2017 and were signed by:

Miss K M Stevens - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture, fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

5,195

Additions

848

At 30 November 2016

6,043

DEPRECIATION

At 1 December 2015

3,053

Charge for year

1,243

At 30 November 2016

4,296

NET BOOK VALUE

At 30 November 2016

1,747

At 30 November 2015

2,142

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

50

Ordinary A

£1

50

Ordinary B

£1

50

100