Abbreviated Company Accounts - KIRK & RANDALL LTD

KIRK & RANDALL LTD - Company Information

Registered Number 04471537

KIRK & RANDALL LTD

Abbreviated Accounts

31 December 2014

KIRK & RANDALL LTD Registered Number 04471537

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	93,497	31,027
		93,497	31,027
Current assets
Stocks		808,941	189,513
Debtors		1,057,636	957,884
Cash at bank and in hand		617	926
		1,867,194	1,148,323
Creditors: amounts falling due within one year		(136,719)	(88,937)
Net current assets (liabilities)		1,730,475	1,059,386
Total assets less current liabilities		1,823,972	1,090,413
Creditors: amounts falling due after more than one year		(3,466,883)	(2,588,850)
Total net assets (liabilities)		(1,642,911)	(1,498,437)
Capital and reserves
Called up share capital		1	1
Profit and loss account		(1,642,912)	(1,498,438)
Shareholders' funds		(1,642,911)	(1,498,437)

For the year ending 31 December 2014 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 30 September 2015

And signed on their behalf by:
C D P Vaughan, Director

KIRK & RANDALL LTD Registered Number 04471537

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting 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 value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
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
Motor vehicles 25% straight line

2Tangible fixed assets

	£
Cost
At 1 January 2014	123,373
Additions	101,469
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	224,842
Depreciation
At 1 January 2014	92,346
Charge for the year	38,999
On disposals	-
At 31 December 2014	131,345
Net book values
At 31 December 2014	93,497
At 31 December 2013	31,027