Abbreviated Company Accounts - KN TIMBER LIMITED

Abbreviated Company Accounts - KN TIMBER LIMITED

KN TIMBER LIMITED - Company Information

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Registered Number 07255337

KN TIMBER LIMITED

Abbreviated Accounts

30 April 2016

KN TIMBER LIMITED Registered Number 07255337

Abbreviated Balance Sheet as at 30 April 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 69,099 25,920
69,099 25,920
Current assets
Stocks 75,000 65,000
Debtors 195,666 219,346
Cash at bank and in hand 61,637 9,176
332,303 293,522
Creditors: amounts falling due within one year (212,369) (157,225)
Net current assets (liabilities) 119,934 136,297
Total assets less current liabilities 189,033 162,217
Total net assets (liabilities) 189,033 162,217
Capital and reserves
Called up share capital 100 100
Profit and loss account 188,933 162,117
Shareholders' funds 189,033 162,217
  • For the year ending 30 April 2016 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 2017

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

KN TIMBER LIMITED Registered Number 07255337

Notes to the Abbreviated Accounts for the period ended 30 April 2016

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 comprises the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts

2Tangible fixed assets
£
Cost
At 1 May 2015 72,111
Additions 66,213
Disposals -
Revaluations -
Transfers -
At 30 April 2016 138,324
Depreciation
At 1 May 2015 46,191
Charge for the year 23,034
On disposals -
At 30 April 2016 69,225
Net book values
At 30 April 2016 69,099
At 30 April 2015 25,920