Registered Number 07993537
KMS ADHESIVES LIMITED
Abbreviated Accounts
30 June 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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|
Tangible assets | 3 |
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Investments | 4 |
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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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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
|
|
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Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year |
|
( |
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Provisions for liabilities |
( |
( |
|
Total net assets (liabilities) |
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|
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Capital and reserves | |||
Called up share capital | 5 |
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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
during the year, exclusive of Value Added Tax.
Tangible assets depreciation policy
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives on the following bases:
Plant & machinery - 20% straight line
Motor vehicles - 20% reducing balance
Fixtures & fittings - 20% straight line
Office equipment - 20% straight line
Intangible assets amortisation policy
of the identifiable assets and liabilities. It is amortised to the Profit and loss account over its
estimated economic life which is considered to be 10 years.
£ | |
---|---|
Cost | |
At 1 July 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 30 June 2015 |
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Amortisation | |
At 1 July 2014 |
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Charge for the year |
|
On disposals |
|
At 30 June 2015 |
|
Net book values | |
At 30 June 2015 | 468,300 |
At 30 June 2014 | 535,200 |
£ | |
---|---|
Cost | |
At 1 July 2014 |
|
Additions |
|
Disposals |
( |
Revaluations |
|
Transfers |
|
At 30 June 2015 |
|
Depreciation | |
At 1 July 2014 |
|
Charge for the year |
|
On disposals |
( |
At 30 June 2015 |
|
Net book values | |
At 30 June 2015 | 86,686 |
At 30 June 2014 | 93,393 |
4
Fixed assets Investments
Intact Adhesives Limited - 1 Ordinary share held, being 100% share holding.
On 2nd December 2014, the company acquired 1 Ordinary share of £1 in Intact Adhesives Limited, a dormant company incorporated in England and Wales.