K1 Contracting Limited ABBREVIATED ACCOUNTS COVER
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Company No. 06030470
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K1 Contracting Limited ABBREVIATED BALANCE SHEET
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at
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Company No.
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Notes
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2015
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2014
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£
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£
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Fixed assets
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Tangible assets
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2
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Current assets
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Debtors
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-
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Cash at bank and in hand
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Creditors: Amounts falling due within one year
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(
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(
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Net current liabilities
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(
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(
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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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(
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-
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Net assets
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Capital and reserves
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Called up share capital
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3
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Profit and loss account
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Shareholder's funds
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Approved by the board on 01 March 2016
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And signed on its behalf by:
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K. Essex
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Director
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01 March 2016
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K1 Contracting Limited NOTES TO THE ABBREVIATED ACCOUNTS
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for the year ended 31 December 2015
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1
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Accounting policies
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Basis of preparation
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Turnover
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Tangible fixed assets and depreciation
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Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
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Furniture, fittings and equipment
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Freehold investment property
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This treatment conflicts with the requirements of the Companies Act 2006 that all properties should be depreciated. The directors consider that, because these properties are not held for consumption, but for their investment potential it is necessary to adopt the requirements of the FRSSE in order to give a true and fair view. |
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2
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Fixed assets
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Tangible fixed assets
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Total
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£
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£
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Cost or revaluation
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At 1 January 2015
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3,614
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Additions
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57,000
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At 31 December 2015
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60,614
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Amortisation
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At 1 January 2015
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2,918
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Charge for the year
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695
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At 31 December 2015
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3,613
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Net book values
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At 31 December 2015
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57,001
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At 31 December 2014
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696
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3
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Share Capital
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Nominal value
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2015
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2015
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2014
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£
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Number
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£
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£
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Allotted, called up and fully paid:
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1
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1
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