REGISTERED NUMBER: 07159442 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 28 February 2014

for

KAROL DECORATING LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

4

DIRECTOR:

K LESICKI

SECRETARY:

REGISTERED OFFICE:

129 STATION ROAD

Hendon

London

NW4 4NJ

REGISTERED NUMBER:

07159442 (England and Wales)

ACCOUNTANTS:

Cohen & Co. Accountants

129 Station Road

London

London

NW4 4NJ

FIXED ASSETS

Tangible assets

2

1,567

1,959

CURRENT ASSETS

Debtors

3,750

688

Cash at bank

1,767

4,530

5,517

5,218

CREDITORS

Amounts falling due within one year

(5,885

)

(24,360

)

NET CURRENT ASSETS

11,402

29,578

TOTAL ASSETS LESS CURRENT LIABILITIES

12,969

31,537

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

12,869

31,437

SHAREHOLDERS' FUNDS

12,969

31,537

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 November 2014 and were signed by:

K LESICKI - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of

the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

and 28 February 2014

4,484

DEPRECIATION

At 1 March 2013

2,525

Charge for year

392

At 28 February 2014

2,917

NET BOOK VALUE

At 28 February 2014

1,567

At 28 February 2013

1,959

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.14

28.2.13

value:

£

£

100

Ordinary

1

100

100

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages two to three) have been

prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended

28 February 2014 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your

statutory responsibilities, from the accounting records and information and explanations supplied to us.

Cohen & Co. Accountants

129 Station Road

London

London

NW4 4NJ

Date: .............................................