Konnect Communications Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03573591 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2014

for

Konnect Communications Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

L Pelusi

REGISTERED OFFICE:

Abertawe House

Ystrad Rd.

Fforestfach

SWANSEA

SA5 4JB

REGISTERED NUMBER:

03573591 (England and Wales)

ACCOUNTANTS:

Ashmole & Co

Abertawe House

Ystrad Rd.

Fforestfach

SWANSEA

SA5 4JB

FIXED ASSETS

Intangible assets

2

2,720

3,400

Tangible assets

3

16,661

9,321

19,381

12,721

CURRENT ASSETS

Debtors

25,088

37,355

Cash at bank

89,795

20,469

114,883

57,824

CREDITORS

Amounts falling due within one year

69,172

49,342

NET CURRENT ASSETS

45,711

8,482

TOTAL ASSETS LESS CURRENT LIABILITIES

65,092

21,203

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

65,090

21,201

SHAREHOLDERS' FUNDS

65,092

21,203

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

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

The director acknowledges his 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 director on 17 December 2014 and were signed by:

L Pelusi - Director

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1998, is being amortised evenly over its estimated useful life of twenty years.

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 etc

-

33% on reducing balance and 10% 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.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

13,600

AMORTISATION

At 1 September 2013

10,200

Amortisation for year

680

At 31 August 2014

10,880

NET BOOK VALUE

At 31 August 2014

2,720

At 31 August 2013

3,400

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

48,982

Additions

9,599

At 31 August 2014

58,581

DEPRECIATION

At 1 September 2013

39,661

Charge for year

2,259

At 31 August 2014

41,920

NET BOOK VALUE

At 31 August 2014

16,661

At 31 August 2013

9,321

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

5.	CONTROLLING PARTY

The company is controlled by Mr L Pelusi.