KAPU DIY LIMITED - Abbreviated accounts 16.1

REGISTERED NUMBER: 04696345

KAPU DIY LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

K M Patel

Mrs D K Patel

SECRETARY:

Mrs D K Patel

REGISTERED OFFICE:

"Karibu"

Stoke Wood

Stoke Poges

Buckinghamshire

SL2 4AU

REGISTERED NUMBER:

04696345

ACCOUNTANTS:

Vipin Raja & Co

Chartered Accountants

Sunmil House

Northgate

Northwood

Middlesex

HA6 2TH

FIXED ASSETS

Intangible assets

2

71,580

79,761

Tangible assets

3

1,435

1,618

73,015

81,379

CURRENT ASSETS

Stocks

110,600

98,510

Debtors

26,326

26,752

Cash at bank and in hand

5,327

5,897

142,253

131,159

CREDITORS

Amounts falling due within one year

(190,837

)

(191,587

)

NET CURRENT LIABILITIES

(48,584

)

(60,428

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

24,431

20,951

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

24,331

20,851

SHAREHOLDERS' FUNDS

24,431

20,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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 23 March 2017 and were signed on its behalf by:

Mrs D K Patel - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Furniture Fixtures & Equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

171,285

AMORTISATION

At 1 July 2015

91,524

Amortisation for year

8,181

At 30 June 2016

99,705

NET BOOK VALUE

At 30 June 2016

71,580

At 30 June 2015

79,761

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

16,470

Additions

295

At 30 June 2016

16,765

DEPRECIATION

At 1 July 2015

14,852

Charge for year

478

At 30 June 2016

15,330

NET BOOK VALUE

At 30 June 2016

1,435

At 30 June 2015

1,618

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

100

Ordinary

£1

100