Kent Property Solutions Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06486082 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

FOR

KENT PROPERTY SOLUTIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr M A K Woolley

SECRETARY:

Mrs L J Woolley

REGISTERED OFFICE:

4 Castle Street

Canterbury

Kent

CT1 2BY

REGISTERED NUMBER:

06486082 (England and Wales)

ACCOUNTANTS:

Michael Martin Partnership Limited

Chartered Certified Accountants

18/20 Canterbury Road

Whitstable

Kent

CT5 4EY

FIXED ASSETS

Tangible assets

2

61,915

40,043

CURRENT ASSETS

Debtors

41,217

26,703

Cash at bank

252,460

136,483

293,677

163,186

CREDITORS

Amounts falling due within one year

58,572

33,677

NET CURRENT ASSETS

235,105

129,509

TOTAL ASSETS LESS CURRENT LIABILITIES

297,020

169,552

PROVISIONS FOR LIABILITIES

5,647

6,395

NET ASSETS

291,373

163,157

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

291,273

163,057

SHAREHOLDERS' FUNDS

291,373

163,157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 6 June 2014 and were signed by:

Mr M A K Woolley - 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

69,444

Additions

39,894

Disposals

(6,940

)

At 28 February 2014

102,398

DEPRECIATION

At 1 March 2013

29,401

Charge for year

14,118

Eliminated on disposal

(3,036

)

At 28 February 2014

40,483

NET BOOK VALUE

At 28 February 2014

61,915

At 28 February 2013

40,043

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.14

28.2.13

value:

£

£

100

Ordinary

£1

100

100