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Company Registration No. SC520061 (Scotland)
KAAN ROPE ACCESS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
KAAN ROPE ACCESS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
KAAN ROPE ACCESS LTD
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 1 -
2016
Notes
£
£
Fixed assets
Tangible assets
2
900
Current assets
Debtors
6,467
Cash at bank and in hand
231
6,698
Creditors: amounts falling due within one year
(7,498)
Net current liabilities
(800)
Total assets less current liabilities
100
Capital and reserves
Called up share capital
3
10
Profit and loss account
90
Shareholders'  funds
100
For the financial year ended 30 November 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 13 July 2017
Mr S Connor
Director
Company Registration No. SC520061
KAAN ROPE ACCESS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 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:
Motor vehicles
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2015
-
Additions
1,200
At 30 November 2016
1,200
Depreciation
At 1 December 2015
-
Charge for the year
300
At 30 November 2016
300
Net book value
At 30 November 2016
900
3
Share capital
2016
£
Allotted, called up and fully paid
10 Ordinary of £1 each
10
4
Related party relationships and transactions
KAAN ROPE ACCESS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
4
Related party relationships and transactions
(Continued)
- 3 -
Transactions in relation to loans with directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
DLA
-
-
19,779
-
16,545
3,234
DLA
-
-
19,779
-
16,545
3,234
-
39,558
-
33,090
6,468
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