K-STAR PROMOTIONS LIMITED,Ltd - AccountsLtd - Accounts

K-STAR PROMOTIONS LIMITED - Company Information

Print Friendly Version

K-STAR PROMOTIONS LIMITED

Registered Number:03567383

For the year ended 31 May 2017

England and Wales

Unaudited Financial Statements

As at 31 May 2017

K-STAR PROMOTIONS LIMITED

Statement of Financial Position

Registered Number :

03567383

2016

2017

Notes

Fixed assets

Property, plant and equipment

876

545

876

545

Current assets

Trade and other receivables

1,805

36,187

Cash and cash equivalents

2,994

4,799

36,187

Trade and other payables: amounts falling due within one

year

(15,317)

(19,162)

20,870

(14,363)

Net current liabilities

Total assets less current liabilities

(13,487)

21,415

(13,487)

Net assets/liabilities

21,415

Capital and reserves

Called up share capital

Retained earnings

(13,489)

21,413

(13,487)

21,415

Shareholders' funds

For the year ended 31 May 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 31 May 2017 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his 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.

Steve Logan Director

These financial statements were approved and authorised for issue by the Board on 14 December 2017 and were signed by:

The notes form part of these financial statements

1 of 3

For the year ended 31 May 2017

K-STAR PROMOTIONS LIMITED

Notes to the Financial Statements

Statutory Information

K-STAR PROMOTIONS LIMITED is a private limited company, limited by shares, domiciled in England and Wales,

registration number 03567383.

Principal place of business:

54 College Road

Great Barr

Birmingham

B44 8BS

Registered address:

KLM Associates

Jaguar House

Cecil Street

Birmingham

B19 3ST

The presentation currency is £ sterling.

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.

The financial statements have been prepared on the going concern basis. The company's ongoing activities are

dependent upon the continued support of the director whom has undertaken to provide such support for the

foreseeable future.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation . 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:

15% Reducing balance

Fixtures and fittings

2 of 3

For the year ended 31 May 2017

K-STAR PROMOTIONS LIMITED

Notes to the Financial Statements Continued

2. Property, plant and equipment

Fixtures and

fittings

Cost or

valuation

At 01 June 2016

2,094

486

Additions

At 31 May 2017

2,580

Provision for depreciation and impairment

At 01 June 2016

1,549

Charge for year

155

At 31 May 2017

1,704

At 31 May 2017

Net book value

876

At 31 May 2016

545

3. Trade and other receivables

2016

2017

Taxation and social security

1,805

4. Trade and other payables: amounts falling due within one year

2016

2017

Bank loans and overdraft

1,578

Taxation and social security

5,571

7,349

Accruals and deferred income

700

3,043

Directors' current accounts

11,313

4,925

19,162

15,317

5. Related party transactions

The ultimate controlling party during the year was Steve Logan , director , whom controlled the company by virtue of

owning 100% of the share capital of the company.

6. Average number of persons employed

During the year the average number of employees was 3 (2016 : 1)

3 of 3