K C INVESTMENT LIMITED
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Notes to the Accounts |
for the year ended 31 January 2015
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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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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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 |
2015 |
|
2014 |
£ |
£ |
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This is stated after charging: |
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Depreciation of owned fixed assets |
230 |
|
243 |
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|
|
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3 |
Interest payable |
2015 |
|
2014 |
£ |
£ |
|
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Interest payable |
19,639 |
|
17,862 |
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|
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4 |
Taxation |
2015 |
|
2014 |
£ |
£ |
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|
UK corporation tax |
11,713 |
|
1,266 |
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|
|
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5 |
Tangible fixed assets |
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Land and buildings |
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Plant and machinery etc |
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Total |
£ |
£ |
£ |
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Cost |
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At 1 February 2014 |
852,838 |
|
7,500 |
|
860,338 |
|
Disposals |
(426,845) |
|
- |
|
(426,845) |
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At 31 January 2015 |
425,993 |
|
7,500 |
|
433,493 |
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|
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|
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Depreciation |
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At 1 February 2014 |
- |
|
5,969 |
|
5,969 |
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Charge for the year |
- |
|
230 |
|
230 |
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At 31 January 2015 |
- |
|
6,199 |
|
6,199 |
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Net book value |
|
At 31 January 2015 |
425,993 |
|
1,301 |
|
427,294 |
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At 31 January 2014 |
852,838 |
|
1,531 |
|
854,369 |
|
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|
|
|
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6 |
Creditors: amounts falling due within one year |
2015 |
|
2014 |
£ |
£ |
|
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Bank loans and overdrafts |
308 |
|
308 |
|
Corporation tax |
12,979 |
|
1,266 |
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Other creditors |
539,956 |
|
862,221 |
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|
|
|
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|
553,243 |
|
863,795 |
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7 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
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Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
- |
|
200 |
|
200 |
|
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8 |
Profit and loss account |
2015 |
£ |
|
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At 1 February 2014 |
62,685 |
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Profit for the year |
112,304 |
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At 31 January 2015 |
174,989 |
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