KC INVESTMENT LIMITED
|
Notes to the Accounts |
for the year ended 31 January 2017
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|
1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Turnover |
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Turnover represents service charge receipts
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Depreciation |
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Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
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Plant and machinery |
20% reducing balance
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2 |
Operating profit |
2017 |
|
2016 |
£ |
£ |
|
This is stated after charging: |
|
|
Depreciation of owned fixed assets |
- |
|
195 |
|
|
|
|
|
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|
|
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3 |
Interest payable |
2017 |
|
2016 |
£ |
£ |
|
|
Interest payable |
23,866 |
|
21,592 |
|
|
|
|
|
|
|
|
|
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4 |
Taxation |
2017 |
|
2016 |
£ |
£ |
|
|
UK corporation tax |
- |
|
28,841 |
|
|
|
|
|
|
|
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5 |
Tangible fixed assets |
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|
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Land and buildings |
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Plant and machinery etc |
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Total |
£ |
£ |
£ |
|
Cost |
|
At 1 February 2016 |
120,620 |
|
7,500 |
|
128,120 |
|
Additions |
14,874 |
|
- |
|
14,874 |
|
At 31 January 2017 |
135,494 |
|
7,500 |
|
142,994 |
|
|
|
|
|
|
|
|
|
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Depreciation |
|
At 1 February 2016 |
- |
|
6,394 |
|
6,394 |
|
At 31 January 2017 |
- |
|
6,394 |
|
6,394 |
|
|
|
|
|
|
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Net book value |
|
At 31 January 2017 |
135,494 |
|
1,106 |
|
136,600 |
|
At 31 January 2016 |
120,620 |
|
1,106 |
|
121,726 |
|
|
|
|
|
|
|
|
|
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6 |
Debtors |
2017 |
|
2016 |
£ |
£ |
|
|
Other debtors |
707 |
|
107 |
|
|
|
|
|
|
|
|
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|
7 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
£ |
£ |
|
|
Bank loans and overdrafts |
308 |
|
308 |
|
Corporation tax |
- |
|
28,841 |
|
Other creditors |
377,959 |
|
354,440 |
|
|
|
|
|
|
378,267 |
|
383,589 |
|
|
|
|
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|
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8 |
Share capital |
Nominal |
|
2017 |
|
2017 |
|
2016 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
- |
|
200 |
|
200 |
|
|
|
|
|
|
|
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9 |
Profit and loss account |
2017 |
£ |
|
|
At 1 February 2016 |
363,766 |
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Loss for the year |
(23,192) |
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At 31 January 2017 |
340,574 |
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