Micro-entity Accounts - KRE (NORTH EAST) LIMITED
Micro-entity Accounts - KRE (NORTH EAST) LIMITED
Registered Number 09637535
KRE (NORTH EAST) LIMITED
Micro-entity Accounts
30 June 2017
KRE (NORTH EAST) LIMITED Registered Number 09637535
Micro-entity Balance Sheet as at 30 June 2017
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Fixed Assets |
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Current Assets |
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Prepayments and accrued income |
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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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Accruals and deferred income |
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Total net assets (liabilities) |
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Capital and reserves |
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For the year ending 30 June 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
Footnotes:
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Advances and credits
During the year Mr I Kings continued to make available interest free loans to the company, these loans are repayable on demand, transactions are as follows:-
2017 £
Balance brought forward (47,435)
Advances -
Amounts repaid 20,839
Balance outstanding (26,596)
2016
Balance brought forward -
Advances (55,000)
Amounts repaid 7,565
Balance outstanding (47,435)
KRE (NORTH EAST) LIMITED Registered Number 09637535
Notes to the Micro-entity Accounts for the period ended 30 June 2017
1Accounting Policies
Basis of measurement and preparation of accounts
The year ended 30 June 2017 are the first accounts prepared in accordance with FRS 105, as part of the transition to this new accounting standard the company is no longer required to account for deferred tax, a transitional adjustment of £2,910 has been reflected in comparative figures. This has increased Net Assets by £2,910.