Company Registration No. 04898806 (England and Wales)
K LITTLE CONTROL SYSTEMS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2016
K LITTLE CONTROL SYSTEMS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
K LITTLE CONTROL SYSTEMS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
31 October 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
151,459
148,638
Current assets
Stocks
52,891
87,781
Debtors
114,693
67,965
Cash at bank and in hand
37,485
767
205,069
156,513
Creditors: amounts falling due within one year
(138,886)
(142,861)
Net current assets
66,183
13,652
Total assets less current liabilities
217,642
162,290
Creditors: amounts falling due after more than one year
(48,210)
(58,929)
169,432
103,361
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
169,431
103,360
Shareholders' funds
169,432
103,361
For the financial year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 3 March 2017
Mr K Little
Director
Company Registration No. 04898806
K LITTLE CONTROL SYSTEMS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Land and buildings Freehold
2% on cost
Plant and machinery
25% reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2015
200,396
Additions
11,985
At 31 October 2016
212,381
Depreciation
At 1 November 2015
51,758
Charge for the year
9,164
At 31 October 2016
60,922
Net book value
At 31 October 2016
151,459
At 31 October 2015
148,638
K LITTLE CONTROL SYSTEMS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary shares of £1 each
1
1