Kallin Projects Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05742771 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

KALLIN PROJECTS LIMITED

Page

Company information

1

Abbreviated balance sheet

2

Notes to the abbreviated accounts

3

Chartered accountants' report

5

DIRECTORS:

C T Scorgie

Mrs M C H Y Scorgie

SECRETARY:

Mrs M C H Y Scorgie

REGISTERED OFFICE:

Kingston House

116 Coombe Lane West

Kingston

Surrey

KT2 7DD

REGISTERED NUMBER:

05742771 (England and Wales)

ACCOUNTANTS:

Z Group

Park House

158-160 Arthur Road

Wimbledon Park

London

SW19 8AQ

FIXED ASSETS

Tangible assets

2

22,963

19,668

CURRENT ASSETS

Debtors

28,107

76,732

Cash at bank

31,719

4,618

59,826

81,350

CREDITORS

Amounts falling due within one year

81,918

226,432

NET CURRENT LIABILITIES

(22,092

)

(145,082

)

TOTAL ASSETS LESS CURRENT LIABILITIES

871

(125,414

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

869

(125,416

)

SHAREHOLDERS' FUNDS

871

(125,414

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22 December 2014 and were signed on its behalf by:

C T Scorgie - Director

1.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements have been prepared on a going concern basis.The directors and shareholders have

confirmed that they will support the company in the foreseeable future. The going concern basis is therefore

appropriate.

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

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

DEFERRED TAX

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

19,668

Additions

11,237

At 31 March 2014

30,905

DEPRECIATION

Charge for year

7,942

At 31 March 2014

7,942

NET BOOK VALUE

At 31 March 2014

22,963

At 31 March 2013

19,668

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2014 and

31 March 2013:

31.3.14

31.3.13

£

£

C T Scorgie

Balance outstanding at start of year

32,590

45,434

Amounts advanced

-

19,544

Amounts repaid

(24,313

)

(32,388

)

Balance outstanding at end of year

8,277

32,590

Mrs M C H Y Scorgie

Balance outstanding at start of year

32,589

45,434

Amounts advanced

-

19,543

Amounts repaid

(24,312

)

(32,388

)

Balance outstanding at end of year

8,277

32,589

5.	RELATED PARTY DISCLOSURES

At the balance sheet date, Mr and Mrs Scorgie, the directors of the company, had a current account debit

balance of £16554 (2013 - Debit of £65179).

During the year, interim dividends of £25000 (2013 - Nil) were paid to Mr and Mrs Scorgie, the directors of

the company.

The loan interest in the accounts relates to the overdrawn director's loan accounts. The interest rate charged is

4%.

6.	ULTIMATE CONTROLLING PARTY

Mr and Mrs Scorgie, the directors of the company, are the ultimate controlling parties for the current and

preceding year by virtue of their shareholding in the company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Kallin Projects Limited for the year ended 31 March 2014 which comprise the Profit and loss

account, the Balance sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are

subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Kallin Projects Limited, as a body, in accordance with our

terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of

Kallin Projects Limited and state those matters that we have agreed to state to the Board of Directors of Kallin Projects

Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest

extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of

Directors, as a body, for our work or for this report.

It is your duty to ensure that Kallin Projects Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kallin

Projects Limited. You consider that Kallin Projects 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 financial statements of Kallin Projects 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 financial statements.

Z Group

Park House

158-160 Arthur Road

Wimbledon Park

London

SW19 8AQ

22 December 2014