KASKI CONTRACTS LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
Company Registration No. SC456459 (Scotland)
KASKI CONTRACTS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
KASKI CONTRACTS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2016
31 August 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
24,420
-
Current assets
Debtors
141,206
24,416
Cash at bank and in hand
2,316
189
143,522
24,605
Creditors: amounts falling due within one year
(134,647)
(14,084)
Net current assets
8,875
10,521
Total assets less current liabilities
33,295
10,521
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
33,195
10,421
Shareholders' funds
33,295
10,521
For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 9 August 2017
Mrs S E J Kaminski
Director
Company Registration No. SC456459
KASKI CONTRACTS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
- 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 January 2015).
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:
Plant and machinery
25% Reducing Balance
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2015
-
Additions
37,000
Disposals
(5,000)
At 31 August 2016
32,000
Depreciation
At 1 September 2015
-
On disposals
(729)
Charge for the year
8,309
At 31 August 2016
7,580
Net book value
At 31 August 2016
24,420
KASKI CONTRACTS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
4
Related party relationships and transactions
Advances and credits to directors
Advances and credits granted to the directors during the year are outlined in the table below:
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Mrs S E J Kaminski - Director's loan account
-
18,785
71,516
-
40,000
50,301
18,785
71,516
-
40,000
50,301
The above amount is included within 'Other debtors' and is repayable on demand.