Abbreviated Company Accounts - KDK METALS LIMITED

Abbreviated Company Accounts - KDK METALS LIMITED


Registered Number 06127432

KDK METALS LIMITED

Abbreviated Accounts

28 February 2014

KDK METALS LIMITED Registered Number 06127432

Abbreviated Balance Sheet as at 28 February 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 289,144 239,399
289,144 239,399
Current assets
Stocks 111,500 39,600
Debtors 47,668 106,336
Cash at bank and in hand 16,181 112,190
175,349 258,126
Creditors: amounts falling due within one year 3 (130,966) (146,014)
Net current assets (liabilities) 44,383 112,112
Total assets less current liabilities 333,527 351,511
Creditors: amounts falling due after more than one year 3 (79,002) (84,417)
Provisions for liabilities (27,000) (19,000)
Total net assets (liabilities) 227,525 248,094
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 227,425 247,994
Shareholders' funds 227,525 248,094
  • For the year ending 28 February 2014 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 26 November 2014

And signed on their behalf by:
P Dare, Director

KDK METALS LIMITED Registered Number 06127432

Notes to the Abbreviated Accounts for the period ended 28 February 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold 2% straight line
Plant and machinery 25% reducing balance basis
Fixtures, fittings & equipment 20% reducing balance basis
Motor vehicles 20% reducing balance basis

2Tangible fixed assets
£
Cost
At 1 March 2013 393,615
Additions 109,096
Disposals (42,870)
Revaluations -
Transfers -
At 28 February 2014 459,841
Depreciation
At 1 March 2013 154,216
Charge for the year 36,791
On disposals (20,310)
At 28 February 2014 170,697
Net book values
At 28 February 2014 289,144
At 28 February 2013 239,399
3Creditors
2014
£
2013
£
Secured Debts 83,266 88,681
4Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
100 Ordinary shares of £1 each 100 100

5Transactions with directors

Name of director receiving advance or credit: P Dare
Description of the transaction: Transactions
Balance at 1 March 2013: £ 60,815
Advances or credits made: £ 2,056
Advances or credits repaid: £ 30,000
Balance at 28 February 2014: £ 32,871

During the year the director received dividends totalling £30,000.