Kyra Kyrklund Limited
Kyra Kyrklund Limited
Registered number: 03674832
Abbreviated accounts
For The Year Ended 30 June 2016
Kyra Kyrklund Limited
Company No. 03674832
Abbreviated Balance Sheet
30 June 2016
Abbreviated Balance Sheet
| 2016 | 2015 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 2 |
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| 902,875 | 905,875 | ||||
| CURRENT ASSETS | |||||
| Stocks |
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| Debtors |
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| Investments | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 5 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS |
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Kyra Kyrklund Limited
Company No. 03674832
Abbreviated Balance Sheet (continued)
30 June 2016
Director's responsibilities
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The member has 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 abbreviated 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).
On behalf of the board
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Kyra Kyrklund Limited
Notes to the Abbreviated Accounts
For The Year Ended 30 June 2016
Notes to the Abbreviated Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets over their expected useful lives on the following bases:
| Freehold |
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| Plant & Machinery |
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| Fixtures & Fittings |
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| Computer Equipment |
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1.4.
Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value.
1.5.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
1.6.
Consolidation
The company and its subsidiary form a small group. The company has therefore taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
2.
Tangible Assets
| Total | |
|---|---|
| Cost | £ |
| As at |
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| Additions |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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Kyra Kyrklund Limited
Notes to the Abbreviated Accounts (continued)
For The Year Ended 30 June 2016
4.
Current Asset Investments
| 2016 | 2015 | ||
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| £ | £ | ||
| Shares in subsidiaries |
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The company's investment in its subsidiary company represents the cost of acquisition of the whole of the ordinary share capital of Kyra Kyrklund Aktiebolag, incorporated and operating in Sweden. That company provided care and training for horses and riders.
At 30 June 2016, the aggregate capital and reserves of Kyra Kyrklund AB amounted to £14,218 and the loss for the year to that date was £992.
5.
Creditors: Amounts Falling Due After More Than One Year
| 2016 | 2015 | ||
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| £ | £ | ||
| Directors loan account |
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7.
Ultimate Controlling Party
The company's ultimate controlling party is Kyra Kyrklund by virtue of her ownership of 100% of the issued share capital in the company.
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