KPPES LTD - Abbreviated accounts 16.3

REGISTERED NUMBER: SC349485 (Scotland)

Abbreviated Accounts

for the Year Ended 31 August 2016

for

KPPES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S A Usher C.A

B D McNulty

G Walker

REGISTERED OFFICE:

121 Moffat Street

Glasgow

G5 0ND

REGISTERED NUMBER:

SC349485 (Scotland)

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

865

Investments

4

430,866

450,000

431,731

450,865

CURRENT ASSETS

Debtors

5

464,572

65,001

Cash at bank and in hand

1,183,810

1,375,585

1,648,382

1,440,586

CREDITORS

Amounts falling due within one year

1,995,167

1,810,033

NET CURRENT LIABILITIES

(346,785

)

(369,447

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

84,946

81,418

CAPITAL AND RESERVES

Called up share capital

6

2

Profit and loss account

84,944

81,416

SHAREHOLDERS' FUNDS

84,946

81,418

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 31 May 2017 and were signed on its behalf by:

G Walker - Director

B D McNulty - 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 fees for payroll processing services on behalf of various employment agencies.

This policy has been amended from prior years to comply with FRS5, Practice Note G. This in turn now reflects

as turnover amounts received or receivable by the company in return for its performance of duties under

contractual arrangements.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of one years.

Tangible fixed assets

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

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

350,000

AMORTISATION

At 1 September 2015

and 31 August 2016

350,000

NET BOOK VALUE

At 31 August 2016

-

At 31 August 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

1,878

DEPRECIATION

At 1 September 2015

and 31 August 2016

1,013

NET BOOK VALUE

At 31 August 2016

865

At 31 August 2015

865

4.	FIXED ASSET INVESTMENTS

Loans

£

At 1 September 2015

450,000

Disposals

(19,134

)

At 31 August 2016

430,866

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 19,134

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

2

Ordinary Shares

1

2