KBO Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05837695 (England and Wales)

KBO LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

K Bose

SECRETARY:

Mrs T Bose

REGISTERED OFFICE:

22 -24 Harborough Road

Kingsthorpe

Northampton

Northamptonshire

NN2 7AZ

REGISTERED NUMBER:

05837695 (England and Wales)

ACCOUNTANTS:

Phipps Henson McAllister

Chartered Accountants

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

FIXED ASSETS

Tangible assets

4

1,328

1,772

Investments

5

10,000

-

11,328

1,772

CURRENT ASSETS

Debtors

6

24,862

15,393

Cash at bank

20,818

29,824

45,680

45,217

CREDITORS

Amounts falling due within one year

7

35,922

36,036

NET CURRENT ASSETS

9,758

9,181

TOTAL ASSETS LESS CURRENT LIABILITIES

21,086

10,953

CAPITAL AND RESERVES

Called up share capital

8

2,000

2,000

Retained earnings

19,086

8,953

SHAREHOLDERS' FUNDS

21,086

10,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 1 December 2017 and were signed by:

K Bose - Director

1.	STATUTORY INFORMATION

KBO Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Office equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investments

Investments comprise investments in unquoted shares which are measured at fair value. Changes in fair value

are recognised in profit or loss. Fair value is estimated by using a valuation technique.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 April 2016

and 31 March 2017

12,072

DEPRECIATION

At 1 April 2016

10,300

Charge for year

444

At 31 March 2017

10,744

NET BOOK VALUE

At 31 March 2017

1,328

At 31 March 2016

1,772

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

10,000

At 31 March 2017

10,000

NET BOOK VALUE

At 31 March 2017

10,000

The director is of the opinion that the market value of the unquoted shares which were purchased in the year

is the same as the cost of the shares due to the small time period from acquisition to the balance sheet date.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

9,383

10,913

Other debtors

15,479

4,480

24,862

15,393

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

3,750

Corporation tax

29,854

27,877

VAT

3,268

-

Directors' current accounts

-

1,609

Accruals and deferred income

2,800

2,800

35,922

36,036

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

510

A Ordinary

£1

510

510

490

B Ordinary

£1

490

490

510

C Ordinary

£1

510

510

490

D Ordinary

£1

490

490

2,000

2,000

9.	TRANSITION TO FRS 102 1A

This is the first year that the company has presented its results under FRS 102 1A. The last financial statements

under UK GAAP were for the year ended 31 March 2016. The date of transition to FRS 102 1A was 1 April 2015.

No accounting policies have changed and no adjustments made due to the change.