Konix Limited,Ltd - AccountsLtd - Accounts

Konix Limited,Ltd - AccountsLtd - Accounts

KONIX LIMITED - Company Information

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2016-05-01 08027489 2017-04-30 08027489 2016-05-01 2017-04-30 08027489 2016-04-30 08027489 2015-05-01 2016-04-30 08027489 uk-core:WithinOneYear 2016-04-30 08027489 uk-core:WithinOneYear 2017-04-30 08027489 uk-core:ShareCapital 2017-04-30 08027489 uk-core:ShareCapital 2016-04-30 08027489 uk-core:RetainedEarningsAccumulatedLosses 2017-04-30 08027489 uk-core:RetainedEarningsAccumulatedLosses 2016-04-30 08027489 uk-bus:Director1 2016-05-01 2017-04-30 08027489 uk-core:ToolsEquipment 2016-05-01 2017-04-30 08027489 uk-core:CommercialMotorVehicles 2016-05-01 2017-04-30 08027489 uk-core:ToolsEquipment 2016-04-30 08027489 uk-core:CommercialMotorVehicles 2016-04-30 08027489 uk-core:CommercialMotorVehicles 2017-04-30 08027489 uk-core:ToolsEquipment 2017-04-30 08027489 uk-core:WithinOneYear 2017-04-30 08027489 uk-core:WithinOneYear 2016-04-30 iso4217:GBP 08027489 uk-bus:AuditExemptWithAccountantsReport 2016-05-01 2017-04-30 08027489 uk-bus:FRS102 2016-05-01 2017-04-30 08027489 uk-bus:FullAccounts 2016-05-01 2017-04-30 08027489 uk-bus:PrivateLimitedCompanyLtd 2016-05-01 2017-04-30
Konix Limited
Registered Number:08027489
For the year ended 30 April 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2017
Konix Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 30 April 2017
Konix Limited
Statement of Financial Position
Registered Number :
08027489
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
164
2,716
2
164
2,716
Current assets
Inventories
-
14,220
3
Trade and other receivables
65,643
24,684
4
38,904
65,643
Trade and other payables: amounts falling due within one
year
(57,132)
(38,333)
5
8,511
571
Net current assets
Total assets less current liabilities
735
11,227
735
Net assets
11,227
Capital and reserves
Called up share capital
100
100
Retained earnings
635
11,127
735
11,227
Shareholders' funds
For the year ended 30 April 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
F Rota Director
These financial statements were approved and authorised for issue by the Board on 04 December 2017 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 April 2017
Konix Limited
Notes to the Financial Statements
Statutory Information
Konix Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
08027489.
Registered address:
PO Box 392
Konix House
Princes Road
Dartford
DA1 9JE
The presentation currency is £ sterling.
The cost of intangible asset was for the design and creation of brand name & logo for the company. Intangible asset is
amortised over its estimated useful economic life of five years on a straight line basis.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 30 April 2017
Konix Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
£
£
£
Cost or
valuation
At 01 May 2016
6,212
292
5,920
-
(5,920)
Disposals
(5,920)
At 30 April 2017
-
292
292
Provision for depreciation and impairment
At 01 May 2016
3,496
73
3,423
Charge for year
55
55
-
(3,423)
-
(3,423)
On disposal
At 30 April 2017
128
128
-
At 30 April 2017
Net book value
-
164
164
At 30 April 2016
2,497
219
2,716
3. Inventories
2016
2017
£
£
Stocks
14,220
-
4. Trade and other receivables
2016
2017
£
£
Trade debtors
24,684
62,488
Other debtors
-
3,155
65,643
24,684
5. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Bank loans and overdraft
12,848
13,222
Trade creditors
5,805
25,428
Taxation and social security
17,640
12,766
Other creditors
2,040
5,716
38,333
57,132
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