ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

KL BUSINESS SOLUTIONS LIMITED - Company Information

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07375193 KL BUSINESS SOLUTIONS LIMITED 2014-04-01 2015-03-31 false true 2015-03-31 07375193 2015-03-31 07375193 2014-04-01 2015-03-31 07375193 2014-03-31 07375193 c:FixturesFittingsToolsEquipment 2014-04-01 2015-03-31 07375193 d:OrdinaryShareClass1 2015-03-31 07375193 d:OrdinaryShareClass1 2014-03-31 07375193 d:OrdinaryShareClass1 2014-04-01 2015-03-31 07375193 d:Director1 2014-04-01 2015-03-31 07375193 c:OfficeEquipment 2014-04-01 2015-03-31 07375193 c:LandBuildings c:OwnedOrFreeholdTangibleFixedAssets 2014-04-01 2015-03-31 07375193 d:EntityAccountantsOrAuditors 2014-04-01 2015-03-31 xbrli:shares iso4217:GBP
Registered number: 07375193














KL BUSINESS SOLUTIONS LIMITED




UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015
 
KL BUSINESS SOLUTIONS LIMITED
 
 

  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KL BUSINESS SOLUTIONS LIMITED
FOR THE YEAR ENDED 31 MARCH 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of KL Business Solutions Limited for the year ended 31 March 2015 which comprise the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
 

This report is made solely to the Board of Directors of KL Business Solutions Limited, as a body, in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of KL Business Solutions Limited and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KL Business Solutions Limited and its  Board of Directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that KL Business Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the company's assets, liabilities, financial position and profit. You consider that KL Business Solutions Limited is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of KL Business Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.







Shipleys Tax Planning

18 December 2015
Page 1
 
KL BUSINESS SOLUTIONS LIMITED
07375193

ABBREVIATED BALANCE SHEET
AS AT 31 MARCH 2015

2015
2014
Note
£
£
£
£
 
FIXED ASSETS





 
Tangible assets
 
2
168,247
2,350
 
CURRENT ASSETS





 
Debtors
59,180
23,795

 
Cash at bank and in hand

31,753
19,925







 
90,933
43,720
 
CREDITORS: amounts falling due within one year
(95,699)
(45,960)
 
NET CURRENT LIABILITIES


(4,766)

(2,240)
 
TOTAL ASSETS LESS CURRENT LIABILITIES
163,481
110
 
CREDITORS: amounts falling due after more than one year
3
(110,039)

-

NET ASSETS




 53,442


 110
  
CAPITAL AND RESERVES

 
Called up share capital
4
100
100
 
Profit and loss account
53,342
10
 
SHAREHOLDERS' FUNDS
 

 53,442

 110


The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 18 December 2015.







R Ahmed
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
KL BUSINESS SOLUTIONS LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with applicable accounting standards.

1.2
Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

1.3
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 of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold property
-
2% straight line
Fixtures and fittings
-
20% straight line
Office equipment
-
20% straight line


2.TANGIBLE FIXED ASSETS



£


Cost 


At 1 April 2014
2,962

Additions
169,992


At 31 March 2015

172,954



Depreciation


At 1 April 2014
612

Charge for the year
4,095


At 31 March 2015

4,707




Net book value


At 31 March 2015
 168,247


At 31 March 2014

 2,350


3.CREDITORS:
Amounts falling due after more than one year
Creditors include amounts not wholly repayable within 5 years as follows:

        2015
        2014
        £
        £



Repayable by instalments
 86,886
 -

Page 3

 
KL BUSINESS SOLUTIONS LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015

4.SHARE CAPITAL
        2015
        2014
        £

        £

Allotted, called up and fully paid



100 Ordinary share capital shares of £1 each
 100
 100
Page 4

 
KL BUSINESS SOLUTIONS LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015

5.RELATED PARTY TRANSACTIONS


There were no related party transactions during the year.


Page 5