Registration number:
Unaudited Abbreviated Accounts
for the Period from
Koro (Stokesley) Limited
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4 ) have been prepared.
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Koro (Stokesley) Limited
for the Period Ended 31 December 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Koro (Stokesley) Limited for the period ended 31 December 2014 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants (CIMA) , we are subject to its ethical and other professional requirements which are detailed on their website at www.cimaglobal.com/ members/members-handbook.
This report is made solely to the Board of Directors of Koro (Stokesley) Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Koro (Stokesley) Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Koro (Stokesley) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Koro (Stokesley) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Koro (Stokesley) Limited. You consider that Koro (Stokesley) Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Koro (Stokesley) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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AMT Business (Gateshead) Limited
Endurance House Colmet Court Queensway South
Team Valley Trading Estate
Gateshead
Tyne And Wear
NE11 0EF
29 September 2015
Koro (Stokesley) Limited
(Registration number: 08074305)
Abbreviated Balance Sheet at 31 December 2014
Note |
31 December 2014
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31 March 2014
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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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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Net current (liabilities)/assets |
( |
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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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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
.........................................
Mrs K Owens
Director
2
Koro (Stokesley) Limited
Notes to the Abbreviated Accounts for the Period from 1 April 2014 to 31 December 2014
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Goodwill is the difference between the fair value of consideration paid for an acquired entity and the aggregate of the fair value of that entity's identifiable assets and liabilities.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
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Office equipment |
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Stock
Financial instruments
Koro (Stokesley) Limited
Notes to the Abbreviated Accounts for the Period from 1 April 2014 to 31 December 2014
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 April 2014 |
5,000 |
800 |
5,800 |
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Additions |
- |
10,054 |
10,054 |
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At 31 December 2014 |
5,000 |
10,854 |
15,854 |
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Depreciation |
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At 1 April 2014 |
2,000 |
350 |
2,350 |
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Charge for the period |
750 |
1,969 |
2,719 |
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At 31 December 2014 |
2,750 |
2,319 |
5,069 |
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Net book value |
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At 31 December 2014 |
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At 31 March 2014 |
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Share capital |
Allotted, called up and fully paid shares
31 December 2014 |
31 March 2014 |
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No. |
£ |
No. |
£ |
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Related party transactions |
Director's advances and credits |
1 April 2014 to 31 December 2014 |
1 April 2014 to 31 December 2014 |
Year ended 31 March 2014 |
Year ended 31 March 2014 |
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Mrs K Owens |
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169 |
6,278 |