K D Construction Safety Services Limited - Period Ending 2013-09-30

Registration number: 03483259

K D Construction Safety Services Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2013
 

Theobald Consultancy Services Limited
3 Trilogy House
Boundary Way
Lufton Trading Estate
Yeovil
Somerset
BA22 8HZ

K D Construction Safety Services Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
K D Construction Safety Services Limited
for the Year Ended 30 September 2013

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of K D Construction Safety Services Limited for the year ended 30 September 2013 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that K D Construction Safety Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of K D Construction Safety Services Limited. You consider that K D Construction Safety Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of K D Construction Safety Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Theobald Consultancy Services Limited
3 Trilogy House
Boundary Way
Lufton Trading Estate
Yeovil
Somerset
BA22 8HZ

31 July 2014

Page 1

K D Construction Safety Services Limited
(Registration number: 03483259)
Abbreviated Balance Sheet at 30 September 2013

		Note			2013 £			2012 £
Fixed assets
Tangible fixed assets					24,486			19,643
Current assets
Stocks					327			254
Debtors					34,111			25,490
Cash at bank and in hand					(190)			37,064
					34,248			62,808
Creditors: Amounts falling due within one year					(28,562)			(28,499)
Net current assets					5,686			34,309
Total assets less current liabilities					30,172			53,952
Creditors: Amounts falling due after more than one year					(9,936)			(13,914)
Net assets					20,236			40,038
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					20,136			39,938
Shareholders' funds					20,236			40,038

For the year ending 30 September 2013 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 director acknowledges his 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 director on 31 July 2014

.........................................
Mr Kenneth George Herbert Iley
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

K D Construction Safety Services Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows :-

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance basis
Fixtures and fittings	25% reducing balance basis
Motor vehicles	25% reducing balance basis
Office equipment	25% reducing balance basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

K D Construction Safety Services Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2013
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2012		87,454			87,454
Additions		13,006			13,006
At 30 September 2013		100,460			100,460
Depreciation
At 1 October 2012		67,811			67,811
Charge for the year		8,163			8,163
At 30 September 2013		75,974			75,974
Net book value
At 30 September 2013		24,486			24,486
At 30 September 2012		19,643			19,643

3	Share capital

Allotted, called up and fully paid shares

	2013						2012
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 4