KNR FINANCIAL SERVICES LIMITED
KNR FINANCIAL SERVICES LIMITED
Company Registration No. 10336863 (England and Wales)
Page
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Director
Company Number
Registered Office
Accountants
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Accountants' report to the director of KNR FINANCIAL SERVICES LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 August 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of KNR FINANCIAL SERVICES LIMITED for the year ended 31 August 2017 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of KNR FINANCIAL SERVICES LIMITED , as a body, in accordance with the terms of our engagement letter dated 18 August 2016. Our work has been undertaken solely to prepare for your approval the accounts of KNR FINANCIAL SERVICES LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KNR FINANCIAL SERVICES LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that KNR FINANCIAL 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 KNR FINANCIAL SERVICES LIMITED . You consider that KNR FINANCIAL 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 KNR FINANCIAL 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.
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2017
Notes
£
Fixed assets
Current assets
Cash at bank and in hand
Net current liabilities
(4,990 )
Net liabilities
(1,908 )
Capital and reserves
Profit and loss account
(1,908 )
Shareholders' funds
(1,908 )
Approved by the Board on 30 June 2018 .
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1
Statutory information
2
Compliance with accounting standards
3
Accounting policies
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2016 .
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
Presentation currency
Tangible fixed assets and depreciation
Computer equipment
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 September 2016
Additions
At 31 August 2017
Depreciation
Charge for the year
At 31 August 2017
Net book value
At 31 August 2017
5
Debtors
2017
£
Trade debtors
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6
Creditors: amounts falling due within one year
2017
£
Bank loans and overdrafts
Trade creditors
Loans from directors
Accruals
7
Average number of employees
During the year the average number of employees was 0 .
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