Abbreviated Company Accounts - KWN DECORATORS LTD

KWN DECORATORS LTD - Company Information

07826089 KWN DECORATORS LTD 2016-10-31 false 2015-11-01 2016-10-31 true 07826089 2015-11-01 2016-10-31 07826089 2016-10-31 07826089 2015-10-31 07826089 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 07826089 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP shares

Registered Number 07826089

KWN DECORATORS LTD

Abbreviated Accounts

31 October 2016

KWN DECORATORS LTD Registered Number 07826089

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,147	1,530
		1,147	1,530
Current assets
Stocks		2,887	2,514
Debtors		288,462	481,944
Cash at bank and in hand		501,712	341,609
		793,061	826,067
Creditors: amounts falling due within one year		(205,978)	(361,230)
Net current assets (liabilities)		587,083	464,837
Total assets less current liabilities		588,230	466,367
Total net assets (liabilities)		588,230	466,367
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		588,130	466,267
Shareholders' funds		588,230	466,367

For the year ending 31 October 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 27 July 2017

And signed on their behalf by:
K Newell, Director

KWN DECORATORS LTD Registered Number 07826089

Notes to the Abbreviated Accounts for the period ended 31 October 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 represents net invoiced sales of goods and services, excluding value added tax. Where a service is incomplete at the year end, turnover represents the sales value of services provided based on an appropriate proportion of time spent. Any partially completed services that are un-billed at year end are recorded in accrued income within trade debtors.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 November 2015	2,845
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	2,845
Depreciation
At 1 November 2015	1,315
Charge for the year	383
On disposals	-
At 31 October 2016	1,698
Net book values
At 31 October 2016	1,147
At 31 October 2015	1,530

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100