Abbreviated Company Accounts - KILBREN CONTRACTS LIMITED

KILBREN CONTRACTS LIMITED - Company Information

02220434 KILBREN CONTRACTS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 02220434 2014-04-01 2015-03-31 02220434 2015-03-31 02220434 2014-03-31 02220434 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 02220434 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 02220434

KILBREN CONTRACTS LIMITED

Abbreviated Accounts

31 March 2015

KILBREN CONTRACTS LIMITED Registered Number 02220434

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	5,036	6,715
		5,036	6,715
Current assets
Stocks		50,500	30,500
Debtors		2,367	3,375
Cash at bank and in hand		192	83
		53,059	33,958
Creditors: amounts falling due within one year		(60,145)	(40,305)
Net current assets (liabilities)		(7,086)	(6,347)
Total assets less current liabilities		(2,050)	368
Total net assets (liabilities)		(2,050)	368
Capital and reserves
Called up share capital	3	4	4
Profit and loss account		(2,054)	364
Shareholders' funds		(2,050)	368

For the year ending 31 March 2015 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 28 December 2015

And signed on their behalf by:
W A Cove, Director

KILBREN CONTRACTS LIMITED Registered Number 02220434

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 consists of the invoiced value (excluding VAT) receivable by the company in the ordinary course of business for goods supplied and for services supplied as a principal.

Tangible assets depreciation policy
Depreciation is calculated to write off the cost, less estimated residual values, of tangible fixed assets over their estimated useful lives to the business. Where there is evidence of impairment, fixed assets are written down to receivable amount. Any such write down would be charged to operating profit.

Motor Vehicles 25.0% Reducing Balance
Plant & Machinery 25.0% Reducing Balance
Fixtures, Fittings & Office Equipment 25.0% Reducing Balance

Other accounting policies
Stock, work in progress and long term contracts
Stock and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is determined on a first-in. first-out basis. Cost consists of direct materials, labour and attributable overheads. Net realisable value is based on estimated selling price less any further costs of realisation.

2Tangible fixed assets

	£
Cost
At 1 April 2014	208,650
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	208,650
Depreciation
At 1 April 2014	201,935
Charge for the year	1,679
On disposals	-
At 31 March 2015	203,614
Net book values
At 31 March 2015	5,036
At 31 March 2014	6,715

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
4 Ordinary shares of £1 each	4	4