KPPES LTD - Abbreviated accounts 16.1

REGISTERED NUMBER: SC349485 (Scotland)

Abbreviated Accounts

for the Year Ended 31 August 2015

for

KPPES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R G Beattie C.A.

S A Usher C.A

B D McNulty

REGISTERED OFFICE:

121 Moffat Street

Glasgow

G5 0ND

REGISTERED NUMBER:

SC349485 (Scotland)

FIXED ASSETS

Intangible assets

2

-

350,000

Tangible assets

3

865

Investments

4

450,000

450,865

800,865

CURRENT ASSETS

Debtors

65,001

70,911

Cash at bank and in hand

1,375,585

1,498,018

1,440,586

1,568,929

CREDITORS

Amounts falling due within one year

1,810,033

2,290,681

NET CURRENT LIABILITIES

(369,447

)

(721,752

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

81,418

79,113

CAPITAL AND RESERVES

Called up share capital

5

2

Profit and loss account

81,416

79,111

SHAREHOLDERS' FUNDS

81,418

79,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 31 May 2016 and were signed on its behalf by:

R G Beattie C.A. - Director

B D McNulty - 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 fees for payroll processing services on behalf of various employment agencies.

This policy has been amended from prior years to comply with FRS5, Practice Note G. This in turn now reflects

as turnover amounts received or receivable by the company in return for its performance of duties under

contractual arrangements.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being fully amortised in the current year.

Tangible fixed assets

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

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

350,000

AMORTISATION

Amortisation for year

350,000

At 31 August 2015

350,000

NET BOOK VALUE

At 31 August 2015

-

At 31 August 2014

350,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

1,878

DEPRECIATION

At 1 September 2014

and 31 August 2015

1,013

NET BOOK VALUE

At 31 August 2015

865

At 31 August 2014

865

4.	FIXED ASSET INVESTMENTS

Loans

£

At 1 September 2014

and 31 August 2015

450,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

2

Ordinary Shares

1

2