KPS_SOUTHERN_LIMITED - Accounts

KPS SOUTHERN LIMITED - Company Information

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Company Registration No. 03040955 (England and Wales)

KPS SOUTHERN LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2014

KPS SOUTHERN LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

KPS SOUTHERN LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

84,505

86,195

Current assets

Debtors

1,716,193

473,723

Cash at bank and in hand

168,686

467,294

1,884,879

941,017

Creditors: amounts falling due within one year

(855,754)

(369,012)

Net current assets

1,029,125

572,005

Total assets less current liabilities

1,113,630

658,200

Provisions for liabilities

(21,870)

(17,214)

1,091,760

640,986

Capital and reserves

Called up share capital

500

Other reserves

500

Profit and loss account

1,090,760

639,986

Shareholders' funds

1,091,760

640,986

For the financial period ended 31 July 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 April 2015

Mr H M Wood

Director

Company Registration No. 03040955

KPS SOUTHERN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 JULY 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents net invoiced sales of goods and services plus directly attributable turnover on

long-term Work In Progress (in accordance with SSAP 9), excluding value added tax.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

Plant and machinery

25% on reducing balance

Fixtures, fittings & equipment

30% on reducing balance

Motor vehicles

25% on reducing balance

1.5

Pensions

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.

1.6

Deferred taxation

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

the balance sheet date.

KPS SOUTHERN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 JULY 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 1 May 2013

238,396

Additions

38,477

At 31 July 2014

276,873

Depreciation

At 1 May 2013

152,202

Charge for the period

40,166

At 31 July 2014

192,368

Net book value

At 31 July 2014

84,505

At 30 April 2013

86,195

Change of Company Name

The company name was changed from Kidlington Pipework Services Limited to KPS Southern Limited

on the 30th August 2011.

Share capital

2014

2013

Allotted, called up and fully paid

500 Ordinary A shares of £1 each

500