Abbreviated Company Accounts - K2 CARRIAGES LTD

FLEMING GARAGE LIMITED - Company Information

07599435 K2 CARRIAGES LTD 2014-04-30 false 2013-05-01 2014-04-30 true 07599435 2013-05-01 2014-04-30 07599435 2014-04-30 07599435 2013-04-30 07599435 uk-gaap-cd-bus:Director1 2013-05-01 2014-04-30 07599435 uk-gaap-cd-bus:Director2 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-30 uk-gaap-cd-bus:OrdinaryShareClass2 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass2 2013-04-30 uk-gaap-cd-bus:OrdinaryShareClass3 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass3 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass3 2013-04-30 iso4217:GBP shares

Registered Number 07599435

K2 CARRIAGES LTD

Abbreviated Accounts

30 April 2014

K2 CARRIAGES LTD Registered Number 07599435

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	42,000	39,000
Tangible assets	3	57,550	52,208
		99,550	91,208
Current assets
Stocks		11,683	5,765
Debtors		51,807	37,113
Cash at bank and in hand		15,139	16,327
		78,629	59,205
Creditors: amounts falling due within one year	4	(94,986)	(154,034)
Net current assets (liabilities)		(16,357)	(94,829)
Total assets less current liabilities		83,193	(3,621)
Creditors: amounts falling due after more than one year	4	(87,578)	(25,640)
Total net assets (liabilities)		(4,385)	(29,261)
Capital and reserves
Called up share capital	5	6	6
Profit and loss account		(4,391)	(29,267)
Shareholders' funds		(4,385)	(29,261)

For the year ending 30 April 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 27 January 2015

And signed on their behalf by:
C Coombs, Director

K2 CARRIAGES LTD Registered Number 07599435

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each assets over its expected useful life as follows:
Land and buildings leasehold - 20% straight line
Plant and machinery - 25% reducing balance
Fixtures, fittings and equipment - 25% reducing balance
Motor vehicles - 25% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over 5 years.

Other accounting policies
Stock and work in progress
Stock and work in progress is valued at the lower of cost and net realisable value.

2Intangible fixed assets

	£
Cost
At 1 May 2013	65,000
Additions	20,000
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	85,000
Amortisation
At 1 May 2013	26,000
Charge for the year	17,000
On disposals	-
At 30 April 2014	43,000
Net book values
At 30 April 2014	42,000
At 30 April 2013	39,000

3Tangible fixed assets

	£
Cost
At 1 May 2013	88,282
Additions	25,125
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	113,407
Depreciation
At 1 May 2013	36,074
Charge for the year	19,783
On disposals	-
At 30 April 2014	55,857
Net book values
At 30 April 2014	57,550
At 30 April 2013	52,208

4Creditors

	2014 £	2013 £
Secured Debts	25,863	34,501

5Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
4 Ordinary shares of £1 each	4	4
1 A Ordinary share of £1 each	1	1
1 B Ordinary shares of £1 each	1	1