Registered Number 06851542

KAPOW TOYS LIMITED

Abbreviated Accounts

31 March 2016

KAPOW TOYS LIMITED Registered Number 06851542

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 3,358 4,478
Tangible assets 3 1,402 70
4,760 4,548
Current assets
Stocks 100,000 65,000
Debtors 6,696 224
Investments - -
Cash at bank and in hand 5,217 20,946
111,913 86,170
Creditors: amounts falling due within one year (99,708 ) (59,651 )
Net current assets (liabilities) 12,205 26,519
Total assets less current liabilities 16,965 31,067
Provisions for liabilities (280 ) (14 )
Total net assets (liabilities) 16,685 31,053
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 16,585 30,953
Shareholders' funds 16,685 31,053

  • For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 December 2016

And signed on their behalf by:
Mr A Rose, Director
Mrs C Rose, Director

KAPOW TOYS LIMITED Registered Number 06851542

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1 Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax of sales made during the year. All income is derived from activities within the United Kingdome and all income is accounted for on receipt of funds.

Tangible assets depreciation policy
Plant & Machinery - 33% Straight line
Fixtures and fittings - 25% reducing balance

Intangible assets amortisation policy
Acquired Goodwill is written off in equal instalments over its estimated useful economic life of 10 years.

2 Intangible fixed assets
£
Cost
At 1 April 2015 11,196
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 11,196
Amortisation
At 1 April 2015 6,718
Charge for the year 1,120
On disposals -
At 31 March 2016 7,838
Net book values
At 31 March 2016 3,358
At 31 March 2015 4,478
3 Tangible fixed assets
£
Cost
At 1 April 2015 1,647
Additions 1,820
Disposals -
Revaluations -
Transfers -
At 31 March 2016 3,467
Depreciation
At 1 April 2015 1,577
Charge for the year 488
On disposals -
At 31 March 2016 2,065
Net book values
At 31 March 2016 1,402
At 31 March 2015 70
4 Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100 Ordinary shares of £1 each 100 100

5 Transactions with directors

Name of director receiving advance or credit: Mr and Mrs Rose
Description of the transaction: Directors loan
Balance at 1 April 2015: £ 14,920
Advances or credits made: £ 74,689
Advances or credits repaid: £ 84,842
Balance at 31 March 2016: £ 4,767

The Directors had an outstanding loan with the company totalling some £4,767 which is included in debtors on the balance sheet at 31 March 2016. This was repaid within 9 months of the year end by way of dividend distribution.