Abbreviated Company Accounts - 3KEYS LIMITED

Registered Number 06841492

3KEYS LIMITED

Abbreviated Accounts

30 April 2014

3KEYS LIMITED Registered Number 06841492

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	7,500	15,000
Tangible assets	3	14,795	17,051
		22,295	32,051
Current assets
Cash at bank and in hand		712	841
		712	841
Creditors: amounts falling due within one year		(19,896)	(46,291)
Net current assets (liabilities)		(19,184)	(45,450)
Total assets less current liabilities		3,111	(13,399)
Provisions for liabilities		(2,034)	(2,200)
Total net assets (liabilities)		1,077	(15,599)
Capital and reserves
Called up share capital		1	1
Profit and loss account		1,076	(15,600)
Shareholders' funds		1,077	(15,599)

For the year ending 30 April 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 31 January 2015

And signed on their behalf by:
L Gilligan, Director

3KEYS LIMITED Registered Number 06841492

Notes to the Abbreviated Accounts for the period ended 30 April 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 net invoiced sales excluding value added tax

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset its estimated useful life.

Fixtures & fittings - 15% on reducing balance

Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of a business in 2010 is being amortised evenly over its estimated useful life of 5 years.

2Intangible fixed assets

	£
Cost
At 1 May 2013	37,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	37,500
Amortisation
At 1 May 2013	22,500
Charge for the year	7,500
On disposals	-
At 30 April 2014	30,000
Net book values
At 30 April 2014	7,500
At 30 April 2013	15,000

3Tangible fixed assets

	£
Cost
At 1 May 2013	24,555
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	24,555
Depreciation
At 1 May 2013	7,504
Charge for the year	2,256
On disposals	-
At 30 April 2014	9,760
Net book values
At 30 April 2014	14,795
At 30 April 2013	17,051