Registered Number 06851542

KAPOW TOYS LIMITED

Abbreviated Accounts

31 March 2015

KAPOW TOYS LIMITED Registered Number 06851542

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 4,478 5,598
Tangible assets 3 70 190
4,548 5,788
Current assets
Stocks 65,000 60,000
Cash at bank and in hand 20,401 1,561
85,401 61,561
Prepayments and accrued income 224 2,050
Creditors: amounts falling due within one year (59,106 ) (37,611 )
Net current assets (liabilities) 26,519 26,000
Total assets less current liabilities 31,067 31,788
Provisions for liabilities (14 ) (38 )
Total net assets (liabilities) 31,053 31,750
Capital and reserves
Called up share capital 100 100
Profit and loss account 30,953 31,650
Shareholders' funds 31,053 31,750

  • For the year ending 31 March 2015 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 22 December 2015

And signed on their behalf by:
Andrew Rose, Director
Charlotte Rose, Director

KAPOW TOYS LIMITED Registered Number 06851542

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 Kingdom and all income is accounted for on receipt of funds.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 33% straight line
Fixture, fittings and equipment - 25% reducing balance

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

2 Intangible fixed assets
£
Cost
At 1 April 2014 11,196
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 11,196
Amortisation
At 1 April 2014 5,598
Charge for the year 1,120
On disposals -
At 31 March 2015 6,718
Net book values
At 31 March 2015 4,478
At 31 March 2014 5,598
3 Tangible fixed assets
£
Cost
At 1 April 2014 1,647
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 1,647
Depreciation
At 1 April 2014 1,457
Charge for the year 120
On disposals -
At 31 March 2015 1,577
Net book values
At 31 March 2015 70
At 31 March 2014 190