Kompelec Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08630238 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2016

FOR

KOMPELEC LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Miss K Hall

REGISTERED OFFICE:

5th Floor

The Margolis Building

37 Turner Street

Manchester

M4 1DW

REGISTERED NUMBER:

08630238 (England and Wales)

ACCOUNTANTS:

Tree Accountancy Limited

Chartered Certified Accountants

5th Floor

The Margolis Building

37 Turner Street

Manchester

M4 1DW

FIXED ASSETS

Tangible assets

2

2,192

2,298

CURRENT ASSETS

Debtors

3

18,930

28,317

Cash at bank and in hand

4,551

293

23,481

28,610

CREDITORS

Amounts falling due within one year

25,527

27,888

NET CURRENT (LIABILITIES)/ASSETS

(2,046

)

722

TOTAL ASSETS LESS CURRENT
LIABILITIES

146

3,020

CREDITORS

Amounts falling due after more than one year

-

2,503

NET ASSETS

146

517

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

46

417

SHAREHOLDERS' FUNDS

146

517

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 28 April 2017 and were signed by:

Miss K Hall - 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 and services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Computer equipment

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

3,364

Additions

665

At 31 July 2016

4,029

DEPRECIATION

At 1 August 2015

1,066

Charge for year

771

At 31 July 2016

1,837

NET BOOK VALUE

At 31 July 2016

2,192

At 31 July 2015

2,298

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 7,954

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

100

Ordinary

£1

100