Kellands (Central UK) Limited - Abbreviated accounts 16.1

KELLANDS (CENTRAL UK) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S M C Kelland

SECRETARY:

C A Rowley

REGISTERED OFFICE:

Kelland House

Quays Office Park

Conference Avenue

Portishead

Bristol

BS20 7LZ

REGISTERED NUMBER:

04066158 (England and Wales)

ACCOUNTANTS:

Albert Goodman Lewis Limited

Chartered Accountants

3/5 College Street

Burnham on Sea

Somerset

TA8 1AR

BANKERS:

HSBC Bank plc

The Cross

Gloucester

Gloucestershire

GL1 2AB

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 six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Kellands (Central UK) Limited for the year ended 31 December 2015

which comprise the Profit and Loss Account, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Kellands (Central UK) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kellands (Central UK) Limited and state those matters that we have agreed to state to the director of Kellands (Central UK) Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Kellands (Central UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Kellands (Central UK) Limited. You consider that Kellands (Central UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kellands (Central UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Albert Goodman Lewis Limited

Chartered Accountants

3/5 College Street

Burnham on Sea

Somerset

TA8 1AR

6 June 2016

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

9,481

5,175

Investments

4

1

9,482

5,176

CURRENT ASSETS

Debtors

146,641

187,175

Cash at bank

5,264

4,422

151,905

191,597

CREDITORS

Amounts falling due within one year

26,772

30,398

NET CURRENT ASSETS

125,133

161,199

TOTAL ASSETS LESS CURRENT
LIABILITIES

134,615

166,375

CAPITAL AND RESERVES

Called up share capital

5

984

Profit and loss account

133,631

165,391

SHAREHOLDERS' FUNDS

134,615

166,375

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 1 June 2016 and were signed by:

S M C Kelland - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company and its subsidiary undertaking comprise a group. The company has taken advantage of

the exemption provided by the Companies Act 2006 not to prepare group accounts on the basis that

inclusion of the subsidiary is not material for the purpose of a true and fair view. The accounts

therefore present the information about the company as an individual undertaking and not about its

group.

The financial statements have been prepared on the going concern basis which assumes that the

company will continue in operational existence for the foreseeable future. The company has the

financial support of the directors and other associated companies. Should the going concern basis of

preparation of the financial statements be found inappropriate, certain assets may need revaluing and

further liabilities provided for, both potential adjustments having consequent effects on the profit and

loss account. The financial statements do not include any such adjustments.

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 January 2015).

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

with applicable accounting standards.The accounts have also been prepared in accordance with the

going concern basis. The balance sheet shows liabilities outweigh total assets however, the company

has the support of the directors and the bank and this basis is therefore appropriate.

Turnover

Turnover represents the amount derived from the provision of services, 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.

Office equipment

-

25% on cost

Deferred tax

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

the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

8,181

AMORTISATION

At 1 January 2015

and 31 December 2015

8,181

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

102,639

Additions

8,127

At 31 December 2015

110,766

DEPRECIATION

At 1 January 2015

97,464

Charge for year

3,821

At 31 December 2015

101,285

NET BOOK VALUE

At 31 December 2015

9,481

At 31 December 2014

5,175

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

and 31 December 2015

1

NET BOOK VALUE

At 31 December 2015

1

At 31 December 2014

1

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Kelland & Partners (Trustee) Limited

Nature of business: Non-trading company

%

Class of shares:

holding

Ordinary £1

100.00

2015

2014

£

Aggregate capital and reserves

1

5.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2015

2014

value:

£

40,000

Ordinary

1p

400

58,350

Ordinary "A"

1p

584

984

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms CA Rowley.