Kasimira Limited - Period Ending 2015-12-31

Kasimira Limited - Period Ending 2015-12-31


Kasimira Limited04637205falsetrue2015-01-012015-12-312015-12-31046372052015-01-012015-12-31046372052015-12-3104637205uk-bus:OrdinaryShareClass12015-12-3104637205uk-bus:Director12015-01-012015-12-3104637205uk-bus:Director22015-01-012015-12-3104637205uk-bus:OrdinaryShareClass12015-01-012015-12-3104637205uk-bus:EntityAccountantsOrAuditors2015-01-012015-12-3104637205uk-gaap:FixturesFittings2015-01-012015-12-3104637205uk-gaap:OfficeEquipment2015-01-012015-12-31046372052014-12-31046372052014-12-3104637205uk-bus:OrdinaryShareClass12014-12-3104637205uk-gaap:RestatedAmount2014-12-31iso4217:GBPxbrli:shares

Registration number: 04637205

Kasimira Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Lambert Chapman LLP
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Kasimira Limited
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 3

 

Registration number: 04637205

Kasimira Limited
Balance Sheet as at 31 December 2015

 

Note

   

2015
£

   

(As restated)
2014
£

 

Fixed assets

 

   

   

 

Tangible fixed assets

 

2

   

3,443

   

1,855

 

Current assets

 

   

   

 

Debtors

 

   

32,785

   

123,809

 

Cash at bank and in hand

 

   

26,097

   

61,295

 

 

   

58,882

   

185,104

 

Creditors: Amounts falling due within one year

 

   

(48,083)

   

(179,111)

 

Net current assets

 

   

10,799

   

5,993

 

Total assets less current liabilities

 

   

14,242

   

7,848

 

Provisions for liabilities

 

   

(689)

   

-

 

Net assets

 

   

13,553

   

7,848

 

Capital and reserves

 

   

   

 

Called up share capital

 

3

   

3

   

3

 

Profit and loss account

 

   

13,550

   

7,845

 

Shareholders' funds

 

   

13,553

   

7,848

 

For the year ended 31 December 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 director acknowledges her 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

Approved by the director on 29 September 2016


E R Gibbs
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

Kasimira Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect event organisation services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

20% Reducing balance

Office Equipment

25% Reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 January 2015

 

12,579

   

12,579

 

Additions

 

2,217

   

2,217

 

Disposals

 

(9,421)

   

(9,421)

 

At 31 December 2015

 

5,375

   

5,375

 

Depreciation

           

At 1 January 2015

 

10,724

   

10,724

 

Charge for the year

 

629

   

629

 

Eliminated on disposals

 

(9,421)

   

(9,421)

 

At 31 December 2015

 

1,932

   

1,932

 

Net book value

           

At 31 December 2015

 

3,443

   

3,443

 

At 31 December 2014

 

1,855

   

1,855

 
 

Kasimira Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

3

Share capital

Allotted, called up and fully paid shares

 

2015

2014

   

No.

   

£

   

No.

   

£

 

Ordinary of £0.01 each

 

300

   

3

   

300

   

3

 
                         

4

Prior period adjustments

At the balance sheet date historical goodwill previously capitalised to Share Premium Account has been reversed following advice from the new accountants. The effect of this is to increase the profit and loss reserve by £7,200 in respect of amortisation removed and decrease Share Premium by £18,000 as at 31st December 2014.

5

Related party transactions

Directors' advances and credits

 

2015
Advance/ Credit
£

2015
Repaid
£

2014
Advance/ Credit
£

2014
Repaid
£

G Charluet-Roy

Directors Loan account

23,287

14,021

3,270

-

         
         

E R Gibbs

Directors loan account

19,631

24,879

4,026

-