G. Keery Limited - Abbreviated accounts

G. Keery Limited - Abbreviated accounts


Registered number
SC233055
G. Keery Limited
Abbreviated Accounts
30 September 2014
G. Keery Limited
Registered number: SC233055
Abbreviated Balance Sheet
as at 30 September 2014
Notes 2014 2013
£ £
Fixed assets
Tangible assets 3 3,291 -
Current assets
Stocks 106,574 117,704
Debtors 7,596 11,686
Cash at bank and in hand - 7,533
114,170 136,923
Creditors: amounts falling due within one year (116,339) (133,404)
Net current (liabilities)/assets (2,169) 3,519
Total assets less current liabilities 1,122 3,519
Provisions for liabilities (658) -
Net assets 464 3,519
Capital and reserves
Called up share capital 4 2 2
Profit and loss account 462 3,517
Shareholder's funds 464 3,519
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.
G. D. Keery
Director
Approved by the board on 4 March 2015
G. Keery Limited
Notes to the Abbreviated Accounts
for the year ended 30 September 2014
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 April 2008).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
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.
Cashflow statement
The company has taken advantage of the exemption conferred by Financial Reporting Standard 1 from presenting a cash flow statement as it qualifies as a small company.
2 Intangible fixed assets £
Cost
At 1 October 2013 6,995
At 30 September 2014 6,995
Amortisation
At 1 October 2013 6,995
At 30 September 2014 6,995
Net book value
At 30 September 2014 -
3 Tangible fixed assets £
Cost
At 1 October 2013 18,107
Additions 4,113
At 30 September 2014 22,220
Depreciation
At 1 October 2013 18,107
Charge for the year 822
At 30 September 2014 18,929
Net book value
At 30 September 2014 3,291
4 Share capital Nominal 2014 2014 2013
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 2 2 2
G. Keery LimitedSC233055falsetrue2013-10-012014-09-302014-09-30G. D. KeerySC233055uk-bus:OrdinaryShareClass12013-09-30SC2330552013-10-012014-09-30SC233055uk-bus:Director402013-10-012014-09-30SC233055uk-gaap:PlantMachinery2013-10-012014-09-30SC233055uk-bus:OrdinaryShareClass12013-10-012014-09-30SC2330552014-09-30SC233055uk-bus:OrdinaryShareClass12014-09-30SC2330552013-09-30iso4217:GBPxbrli:shares