Abbreviated Company Accounts - K B M UK LIMITED

Abbreviated Company Accounts - K B M UK LIMITED

K B M UK LIMITED - Company Information

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Registered Number 05126385

K B M UK LIMITED

Abbreviated Accounts

31 March 2014

K B M UK LIMITED Registered Number 05126385

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 364,894 390,090
Tangible assets 3 75,925 89,108
440,819 479,198
Current assets
Stocks 34,695 25,494
Debtors 4 110,198 153,351
Cash at bank and in hand 69,875 66,537
214,768 245,382
Creditors: amounts falling due within one year 5 (247,243) (301,369)
Net current assets (liabilities) (32,475) (55,987)
Total assets less current liabilities 408,344 423,211
Creditors: amounts falling due after more than one year 5 (132,644) (166,522)
Total net assets (liabilities) 275,700 256,689
Capital and reserves
Called up share capital 50,000 50,000
Profit and loss account 225,700 206,689
Shareholders' funds 275,700 256,689
  • For the year ending 31 March 2014 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 directors acknowledge their 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 Board on 24 December 2014

And signed on their behalf by:
Mr M A Bhatti, Director
Director, Director

K B M UK LIMITED Registered Number 05126385

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents amounts invoiced during the year,
exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the
value of work done in the year, including estimates of amounts not invoiced. Turnover in
respect of long-term contracts and contracts for on-going services is recognised by reference to
the stage of completion.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Fixtures & Fittings - 25% Reducing balance basis
Motor Vehicles - 20% Reducing balance basis
Equipment - 25% Reducing balance basis

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Goodwill - Amortised over 20 years

Other accounting policies
Work in progress
Work in progress is valued at the amount of work done in the year, including estimates of
amounts not invoiced.

2Intangible fixed assets
£
Cost
At 1 April 2013 503,925
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 503,925
Amortisation
At 1 April 2013 113,835
Charge for the year 25,196
On disposals -
At 31 March 2014 139,031
Net book values
At 31 March 2014 364,894
At 31 March 2013 390,090
3Tangible fixed assets
£
Cost
At 1 April 2013 227,475
Additions 9,602
Disposals -
Revaluations -
Transfers -
At 31 March 2014 237,077
Depreciation
At 1 April 2013 138,367
Charge for the year 22,785
On disposals -
At 31 March 2014 161,152
Net book values
At 31 March 2014 75,925
At 31 March 2013 89,108
4Debtors

Other debtors included amounts for rent deposits of £3,223 (2013: £3,223) at the year end.

5Creditors
2014
£		 2013
£
Secured Debts 29,556 444,333

6Transactions with directors

Name of director receiving advance or credit: Mr M A Bhatti
Description of the transaction: RELATED PARTY TRANSACTIONS
Balance at 1 April 2013: £ 72,110
Advances or credits made: £ 1,112
Advances or credits repaid: -
Balance at 31 March 2014: £ 73,222

The company was under the control of Mr M A Bhatti throughout the current and previous year.
Mr M A Bhatti is the managing director and majority shareholder of the company.

At the year end the company owed the director and the shareholders £73,222 (2013 £72,110).
There was no interest charged on this amount and there were no fixed terms for repayment.