Abbreviated Company Accounts - K.W. BROTHERS LTD

Abbreviated Company Accounts - K.W. BROTHERS LTD


Registered Number 07090606

K.W. BROTHERS LTD

Abbreviated Accounts

31 March 2014

K.W. BROTHERS LTD Registered Number 07090606

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 696,704 446,575
696,704 446,575
Current assets
Stocks 202,065 220,555
Debtors 183,534 205,622
Cash at bank and in hand 326,080 276,070
711,679 702,247
Creditors: amounts falling due within one year (1,219,299) (1,120,016)
Net current assets (liabilities) (507,620) (417,769)
Total assets less current liabilities 189,084 28,806
Total net assets (liabilities) 189,084 28,806
Capital and reserves
Called up share capital 3 10 10
Profit and loss account 189,074 28,796
Shareholders' funds 189,084 28,806
  • For the year ending 31 March 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:
Mr Michael Yung, Director

K.W. BROTHERS LTD Registered Number 07090606

Notes to the Abbreviated Accounts for the period ended 31 March 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).

Turnover policy
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Other accounting policies
Stocks
Stock and work in progress are valued at the lower of cost and and net realisable value, after due regard for obsolete and slow moving stocks

2Tangible fixed assets
£
Cost
At 1 April 2013 446,575
Additions 250,129
Disposals -
Revaluations -
Transfers -
At 31 March 2014 696,704
Depreciation
At 1 April 2013 -
Charge for the year -
On disposals -
At 31 March 2014 -
Net book values
At 31 March 2014 696,704
At 31 March 2013 446,575
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
10 Ordinary shares of £1 each 10 10

4Transactions with directors

Name of director receiving advance or credit: Mr Michael Yung
Description of the transaction: Related Party Transactions
Balance at 1 April 2013: £ 1
Advances or credits made: -
Advances or credits repaid: £ 1
Balance at 31 March 2014: £ 0

The director does not have any material interest, direct or indirect, in any contract entered into by the company.