K Inc Limited - Limited company - abbreviated - 11.6

K Inc Limited - Limited company - abbreviated - 11.6

K INC LIMITED - Company Information

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REGISTERED NUMBER: 07278676











Abbreviated Unaudited Accounts

for the Year Ended 30th June 2014

for

K Inc Limited

K Inc Limited (Registered number: 07278676)






Contents of the Abbreviated Accounts
for the Year Ended 30th June 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

K Inc Limited

Company Information
for the Year Ended 30th June 2014







DIRECTOR: Mr M G Patten





REGISTERED OFFICE: 7 Fitzwilliam Road
Clapham
London
SW4 0DL





REGISTERED NUMBER: 07278676





ACCOUNTANTS: Pigram & Co
Maurice House
Southmill Road
Bishop's Stortford
Hertfordshire
CM23 3DH
Page 1
K Inc Limited (Registered number: 07278676)

Abbreviated Balance Sheet
30th June 2014

30/6/14 30/6/13
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 9,000 18,000
Tangible assets 3 27,472 32,645
36,472 50,645

CURRENT ASSETS
Debtors 27,152 10,168
Cash at bank 39,830 53,684
66,982 63,852
CREDITORS
Amounts falling due within one year 43,203 42,831
NET CURRENT ASSETS 23,779 21,021
TOTAL ASSETS LESS CURRENT
LIABILITIES
60,251
71,666

CREDITORS
Amounts falling due after more than one
year
-
10,500
NET ASSETS 60,251 61,166

CAPITAL AND RESERVES
Called up share capital 4 500 500
Profit and loss account 59,751 60,666
SHAREHOLDERS' FUNDS 60,251 61,166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 notes form part of these abbreviated accounts

Page 2 continued...
K Inc Limited (Registered number: 07278676)

Abbreviated Balance Sheet - continued
30th June 2014


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 19th November 2014 and were signed by:





Mr M G Patten - Director


The notes form part of these abbreviated accounts

Page 3
K Inc Limited (Registered number: 07278676)

Notes to the Abbreviated Accounts
for the Year Ended 30th June 2014

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 2010, is being amortised evenly over its estimated useful life of five 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 - 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

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 1st July 2013
and 30th June 2014 45,000
AMORTISATION
At 1st July 2013 27,000
Amortisation for year 9,000
At 30th June 2014 36,000
NET BOOK VALUE

At 30th June 2014 9,000
At 30th June 2013 18,000

Page 4 continued...
K Inc Limited (Registered number: 07278676)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30th June 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st July 2013 52,414
Additions 3,985
At 30th June 2014 56,399
DEPRECIATION
At 1st July 2013 19,769
Charge for year 9,158
At 30th June 2014 28,927
NET BOOK VALUE
At 30th June 2014 27,472
At 30th June 2013 32,645

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/14 30/6/13
value: £    £   
500 Ordinary £1 500 500

Page 5