Company Registration No. 06550278 (England and Wales)
K2 Enterprises Limited
Unaudited accounts
for the year ended 31 March 2017
K2 Enterprises Limited
Unaudited accounts
Contents
K2 Enterprises Limited
Company Information
for the year ended 31 March 2017
Directors
Douglas Andrew Atenyi Kintu
Rosalind Elizabeth Kintu
Company Number
06550278 (England and Wales)
Registered Office
BERKELEY HOUSE BARNET ROAD
LONDON COLNEY
ST. ALBANS
AL2 1BG
ENGLAND
Accountants
Elizabeth Needham FFA
Needham Accountancy Ltd
Berkeley House
Barnet Road
London Colney, Hertfordshire
AL2 1BG
K2 Enterprises Limited
Statement of financial position
as at
31 March 2017
Tangible assets
102,347
109,186
Cash at bank and in hand
8,720
41,433
Creditors: amounts falling due within one year
(17,796)
(25,245)
Net current (liabilities)/assets
(2,739)
23,893
Total assets less current liabilities
99,608
133,079
Creditors: amounts falling due after more than one year
(346,400)
(323,405)
Net liabilities
(246,792)
(190,326)
Called up share capital
100
100
Profit and loss account
(246,892)
(190,426)
Shareholders' funds
(246,792)
(190,326)
For the year ending 31 March 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 28 December 2017.
Rosalind Elizabeth Kintu
Director
Company Registration No. 06550278
K2 Enterprises Limited
Notes to the Accounts
for the year ended 31 March 2017
K2 Enterprises Limited is a private company, limited by shares, registered in England and Wales, registration number 06550278. The registered office is BERKELEY HOUSE BARNET ROAD, LONDON COLNEY, ST. ALBANS, AL2 1BG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
written off in equal installments over 25 years
Plant & machinery
25% reducing balance
After making enquiries, the directors have a reasonable expectation that the company and the group have adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.
K2 Enterprises Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2016
157,500
13,775
171,275
At 31 March 2017
157,500
13,775
171,275
At 1 April 2016
48,853
13,236
62,089
Charge for the year
6,300
539
6,839
At 31 March 2017
55,153
13,775
68,928
At 31 March 2017
102,347
-
102,347
At 31 March 2016
108,647
539
109,186
Finished goods
5,749
5,049
Accrued income and prepayments
-
588
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
10,172
-
Trade creditors
2,834
24,319
Taxes and social security
4,379
926
8
Creditors: amounts falling due after more than one year
2017
2016
Other creditors
346,400
323,405
9
Share capital
2017
2016
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
K2 Enterprises Limited
Notes to the Accounts
for the year ended 31 March 2017
10
Average number of employees
During the year the average number of employees was 8 (2016: 8).