Abbreviated Company Accounts - KEANES LIMITED
Abbreviated Company Accounts - KEANES LIMITED
Registered Number 00992072
KEANES LIMITED
Abbreviated Accounts
31 December 2013
KEANES LIMITED Registered Number 00992072
Abbreviated Balance Sheet as at 31 December 2013
Notes | 2013 | 2012 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
|
|
Investments | 3 |
|
|
|
|||
Current assets | |||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
|
|
|
Total assets less current liabilities |
|
|
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 4 |
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
For the year ending 31 December 2013 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
And signed on their behalf by:
KEANES LIMITED Registered Number 00992072
Notes to the Abbreviated Accounts for the period ended 31 December 2013
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
and work carried out in respect of services provided to customers.
Tangible assets depreciation policy
Plant and machinery - 15% reducing balance
Fixtures, fittings
and equipment - 20% reducing balance
Motor vehicles - 25% reducing balance
Other accounting policies
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.
Stock
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
£ | |
---|---|
Cost | |
At 1 January 2013 |
|
Additions |
|
Disposals |
( |
Revaluations |
|
Transfers |
|
At 31 December 2013 |
|
Depreciation | |
At 1 January 2013 |
|
Charge for the year |
|
On disposals |
( |
At 31 December 2013 |
|
Net book values | |
At 31 December 2013 | 66,355 |
At 31 December 2012 | 94,062 |
3Fixed assets Investments