Abbreviated Company Accounts - KF INDUSTRIES LTD

NI608486 KF INDUSTRIES LTD 2014-03-31 false 2013-04-01 2014-03-31 true NI608486 2013-04-01 2014-03-31 NI608486 2014-03-31 NI608486 2013-03-31 NI608486 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 NI608486 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number NI608486

KF INDUSTRIES LTD

Abbreviated Accounts

31 March 2014

KF INDUSTRIES LTD Registered Number NI608486

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	49,190	50,370
Tangible assets	3	19,296	29,843
		68,486	80,213
Current assets
Stocks		95,002	64,551
Debtors		35,157	54,770
Cash at bank and in hand		4,226	36,100
		134,385	155,421
Creditors: amounts falling due within one year		(190,104)	(192,639)
Net current assets (liabilities)		(55,719)	(37,218)
Total assets less current liabilities		12,767	42,995
Creditors: amounts falling due after more than one year		(10,000)	(10,000)
Total net assets (liabilities)		2,767	32,995
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		2,667	32,895
Shareholders' funds		2,767	32,995

For the year ending 31 March 2014 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 30 December 2014

And signed on their behalf by:
Mark Fisher, Director

KF INDUSTRIES LTD Registered Number NI608486

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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 the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company`s ordinary activities

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows;
Fixtures, fittings and equipment - 10% straight line
Motor Vehicles - 25% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 50 years

Valuation information and policy
Stock is valued at the lower of cost and net realisable value

2Intangible fixed assets

	£
Cost
At 1 April 2013	52,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	52,000
Amortisation
At 1 April 2013	1,630
Charge for the year	1,180
On disposals	-
At 31 March 2014	2,810
Net book values
At 31 March 2014	49,190
At 31 March 2013	50,370

3Tangible fixed assets

	£
Cost
At 1 April 2013	38,291
Additions	1,226
Disposals	(9,040)
Revaluations	-
Transfers	-
At 31 March 2014	30,477
Depreciation
At 1 April 2013	8,448
Charge for the year	4,092
On disposals	(1,359)
At 31 March 2014	11,181
Net book values
At 31 March 2014	19,296
At 31 March 2013	29,843

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100