Abbreviated Company Accounts - KN TIMBER LIMITED

Abbreviated Company Accounts - KN TIMBER LIMITED

KN TIMBER LIMITED - Company Information

Print Friendly Version

Registered Number 07255337

KN TIMBER LIMITED

Abbreviated Accounts

30 April 2015

KN TIMBER LIMITED Registered Number 07255337

Abbreviated Balance Sheet as at 30 April 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 25,920 34,559
25,920 34,559
Current assets
Stocks 65,000 35,000
Debtors 219,346 171,284
Cash at bank and in hand 9,176 40,698
293,522 246,982
Creditors: amounts falling due within one year (196,588) (174,372)
Net current assets (liabilities) 96,934 72,610
Total assets less current liabilities 122,854 107,169
Total net assets (liabilities) 122,854 107,169
Capital and reserves
Called up share capital 100 100
Profit and loss account 122,754 107,069
Shareholders' funds 122,854 107,169
  • For the year ending 30 April 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 31 January 2016

And signed on their behalf by:
Mr L Oates, Director

KN TIMBER LIMITED Registered Number 07255337

Notes to the Abbreviated Accounts for the period ended 30 April 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 represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Plant & Machinery 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 May 2014 72,111
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2015 72,111
Depreciation
At 1 May 2014 37,552
Charge for the year 8,639
On disposals -
At 30 April 2015 46,191
Net book values
At 30 April 2015 25,920
At 30 April 2014 34,559