Registered Number 04081245
KARIBU ENGINEERING LIMITED
Abbreviated Accounts
30 September 2014
Notes | 2014 | 2013 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
|
|
Investments | 3 |
|
|
|
|
||
Current assets | |||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
|
|
|
Total assets less current liabilities |
|
|
|
Provisions for liabilities |
( |
( |
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 4 |
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover policy
customers during the year, plus the total value of work, excluding value added tax, performed
during the year with respect to services.
Tangible assets depreciation policy
asset over its expected useful life, as follows:
Fixtures, fittings
and equipment - 33% straight line
Motor vehicles - 25% reducing balance
Other accounting policies
Fixed asset investments are stated at cost less provision for permanent diminution in value.
Stock
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date
that will result in an obligation to pay more, or a right to pay less or to receive more, tax.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling
at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies
are recorded at the date of the transactions. All differences are taken to the Profit and Loss
account.
Group accounts
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from
the obligation to prepare group accounts.
£ | |
---|---|
Cost | |
At 1 October 2013 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 30 September 2014 |
|
Depreciation | |
At 1 October 2013 |
|
Charge for the year |
|
On disposals |
|
At 30 September 2014 |
|
Net book values | |
At 30 September 2014 | 970 |
At 30 September 2013 | 1,394 |
3
Fixed assets Investments
£ £
Subsidiary undertaking 62 62
Holdings of 20% or more
The company holds 20% or more of the share capital of the following companies:
Country of
registration Nature of Shares held
Company or incorporation business Class %
Subsidiary undertaking
Karibu Inc USA Service Engineers Ords 100%