Registered number
08485060
KOREA HEALTH INDUSTRY DEVELOPMENT INSTITUTE (KHIDI) UK LTD
Abbreviated Accounts
31 December 2013
KOREA HEALTH INDUSTRY DEVELOPMENT INSTITUTE (KHIDI) UK LTD
Report to the director on the preparation of the unaudited abbreviated accounts of KOREA HEALTH INDUSTRY DEVELOPMENT INSTITUTE (KHIDI) UK LTD for the period ended 31 December 2013
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of KOREA HEALTH INDUSTRY DEVELOPMENT INSTITUTE (KHIDI) UK LTD for the period ended 31 December 2013 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
MSUK Accounting & Business Ltd
Chartered Certified Accountants
1st Floor
Unit 4 Leigh Close
New Malden
Surrey
KT3 3NW
30 September 2014
KOREA HEALTH INDUSTRY DEVELOPMENT INSTITUTE (KHIDI) UK LTD
Registered number: 08485060
Abbreviated Balance Sheet
as at 31 December 2013
Notes 2013
£
Fixed assets
Tangible assets 2 913
Current assets
Cash at bank and in hand 16,926
Creditors: amounts falling due within one year (1,912)
Net current assets 15,014
Total assets less current liabilities 15,927
Creditors: amounts falling due after more than one year (197,926)
Net liabilities (181,999)
Capital and reserves
Called up share capital 3 100
Profit and loss account (182,099)
Shareholder's funds (181,999)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
S W KIM
Director
Approved by the board on 30 September 2014
KOREA HEALTH INDUSTRY DEVELOPMENT INSTITUTE (KHIDI) UK LTD
Notes to the Abbreviated Accounts
for the period ended 31 December 2013
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Office Equipment 25% straight line
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Tangible fixed assets £
Cost
Additions 1,217
At 31 December 2013 1,217
Depreciation
Charge for the period 304
At 31 December 2013 304
Net book value
At 31 December 2013 913
3 Share capital Nominal 2013 2013
value Number £
Allotted, called up and fully paid:
Ordinary shares £10 each 10 100
KOREA HEALTH INDUSTRY DEVELOPMENT INSTITUTE (KHIDI) UK LTD 08485060 false true 2013-04-12 2013-12-31 2013-12-31 S W KIM 08485060 2013-04-12 2013-12-31 08485060 uk-bus:Director40 2013-04-12 2013-12-31 08485060 uk-gaap:MotorVehicles 2013-04-12 2013-12-31 08485060 uk-bus:OrdinaryShareClass1 2013-04-12 2013-12-31 08485060 2013-12-31 08485060 uk-bus:OrdinaryShareClass1 2013-12-31 08485060 2013-04-11 iso4217:GBP xbrli:shares

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