K.s.b. Electronics Limited - Limited company - abbreviated - 11.6
K.s.b. Electronics Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 5TH APRIL 2014 |
| FOR |
| K.S.B. ELECTRONICS LIMITED |
| K.S.B. ELECTRONICS LIMITED (REGISTERED NUMBER: 04040107) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 5TH APRIL 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| K.S.B. ELECTRONICS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 5TH APRIL 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants and Business Advisors |
| BANKERS: |
| K.S.B. ELECTRONICS LIMITED (REGISTERED NUMBER: 04040107) |
| ABBREVIATED BALANCE SHEET |
| 5TH APRIL 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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 were approved by the Board of Directors on by: |
| K.S.B. ELECTRONICS LIMITED (REGISTERED NUMBER: 04040107) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 5TH APRIL 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Deferred tax |
| Deferred taxation has been recognised as a liability or asset if transactions occurred at the balance sheet date that |
| gives rise to an obligation to pay more taxation in future or a right to pay less in taxation in future. An asset is not |
| recognised to the extent that transfer of economic benefit in future is uncertain. Deferred tax assets or liabilities |
| recognised have not been discounted as at the balance sheet date. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| Going concern basis |
| The company is dependent upon the continuing support of the directors, who have financed the losses incurred. |
| The directors have signified that they will not withdraw their funds for the foreseeable future and therefor the |
| financial statements have been prepared on a going concern basis. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 6th April 2013 |
| and 5th April 2014 |
| DEPRECIATION |
| At 6th April 2013 |
| Charge for year |
| At 5th April 2014 |
| NET BOOK VALUE |
| At 5th April 2014 |
| At 5th April 2013 |
| K.S.B. ELECTRONICS LIMITED (REGISTERED NUMBER: 04040107) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 5TH APRIL 2014 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| ordinary | £ 1 |
| 4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The directors have signified that their director current accounts has always been kept in credit and that they will |
| not charge any interest on the monies held in their director current accounts. |
| 5. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by Mr and Mrs Brown both hold 50% of ordinary issued share capital each. |