KW_GLOBAL_LIMITED - Accounts
KW_GLOBAL_LIMITED - Accounts
Company Registration No. 07355069 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
Tangible assets
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(174,702 )
(138,327 )
Net current liabilities
(36,904 )
(43,202 )
Total assets less current liabilities
Provisions for liabilities
(2,951 )
(2,782 )
2,036
490
Capital and reserves
Called up share capital
3
Profit and loss account
Shareholders' funds
Directors' responsibilities:
-
-
Approved by the Board for issue on 30 September 2016
Director
Company Registration No. 07355069
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
1.2
Turnover
1.3
Goodwill
1.4
Tangible fixed assets and depreciation
Plant and machinery
Fixtures, fittings & equipment
1.5
Deferred taxation
Deferred taxation is recognised in respect of all timing differences which have originated but not reversed at the balance sheet date. Timing differences are differences between taxable profits and the results as stated in the financial statements which arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised for tax purposes.
Deferred tax is measured at the average tax rates which are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws which have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.
Deferred tax is measured at the average tax rates which are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws which have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.
1.6
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 January 2015
79,620
Additions
-
3,115
At 31 December 2015
82,735
Depreciation
At 1 January 2015
33,145
Charge for the year
7,699
At 31 December 2015
40,844
Net book value
At 31 December 2015
41,891
At 31 December 2014
46,474
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
4
Related party relationships and transactions
Loans to directors
Transactions in relation to loans with directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
S Cartwright
-
(15,115)
73,018
-
68,650
(10,747)
S Bellis
3.25
60,689
52,364
1,963
53,630
61,386
45,574
125,382
1,963
122,280
50,639