Company Registration No. 08324427 (England and Wales)
KNIFE BOX DIGITAL LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
KNIFE BOX DIGITAL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
KNIFE BOX DIGITAL LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
961
705
Current assets
Debtors
58,065
46,324
Cash at bank and in hand
61,795
71,770
119,860
118,094
Creditors: amounts falling due within one year
(18,735)
(27,874)
Net current assets
101,125
90,220
Total assets less current liabilities
102,086
90,925
Provisions for liabilities
(192)
(141)
101,894
90,784
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
101,794
90,684
Shareholders' funds
101,894
90,784
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 25 May 2016
Mr A Spooner
Director
Company Registration No. 08324427
KNIFE BOX DIGITAL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015
1,333
Additions
729
At 31 December 2015
2,062
Depreciation
At 1 January 2015
628
Charge for the year
473
At 31 December 2015
1,101
Net book value
At 31 December 2015
961
At 31 December 2014
705
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100