Registered Number 04822884
K & K SERVICES LIMITED
Abbreviated Accounts
31 July 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Freehold land and buildings - no depreciation
Plant and machinery - 25% reducing balance
Fixtures Fittings and Equipment - 25% straight line
Other accounting policies
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their estimated useful lives. Obligations under such agreements are included in creditors net of finance costs allocated to future periods.
The finance element of the rental payment is charged to profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.
Rentals payable under leases are charged against income on a straight line basis over the lease term.
Pensions costs charged in the financial state represent the contribution payable by the company during the year.
The regular cost of providing retirement pensions and related benefits is charged to the profit and loss account over the employees ' service lives on the basis of a constant percentage of earnings.
£ | |
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Cost | |
At 1 August 2015 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 31 July 2016 |
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Depreciation | |
At 1 August 2015 |
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Charge for the year |
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On disposals |
( |
At 31 July 2016 |
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Net book values | |
At 31 July 2016 | 933,074 |
At 31 July 2015 | 271,907 |