Keeping In Touch (Uk) Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08543736 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 24 May 2013 to 31 May 2014

for

KEEPING IN TOUCH (UK) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R M Mullis

J Orchard

REGISTERED OFFICE:

North Warehouse

Gloucester Docks

Gloucester

Gloucestershire

GL1 2EP

REGISTERED NUMBER:

08543736 (England and Wales)

ACCOUNTANTS:

Guilfoyle Sage Gloucester

North Warehouse

Gloucester Docks

Gloucester

GL1 2EP

FIXED ASSETS

Intangible assets

2

15,617

Tangible assets

3

242

15,859

CURRENT ASSETS

Debtors

124

Cash at bank

151

275

CREDITORS

Amounts falling due within one year

18,625

NET CURRENT LIABILITIES

(18,350

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,491

)

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

(2,492

)

SHAREHOLDERS' FUNDS

(2,491

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 23 February 2015 and were signed on its behalf by:

R M Mullis - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company incurred a loss for the year of £2,492 and had net current liabilities of £18,350 and a balance

sheet deficiency of £2,491 at 31st May 2014.

The director has indicated that he will not request repayment of his directors current account balance, which

amounted to £17,099 owing to the director at 31st May 2014, until the company has sufficient funds to repay

this amount. Furthermore the director is confident that the company will generate profits in the future to

address the balance sheet deficiency.

Accordingly, the director considers it appropriate to prepare the financial statements on a going concern basis.

If the going concern basis of accounting is not appropriate and the company is unable to continue trading then

adjustments would have to be made to the balance sheet to reduce the value of assets to their recoverable

amounts and to provide for further liabilities which may arise.

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 April 2008).

Turnover

Turnover represents net invoiced supply of services, excluding value added tax and is recognised once the

service has been provided and the recoverability of the related receivable is assured.

Intangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated

minimum useful life.

Mobile Application Licences - 5% on cost

Tangible fixed assets

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

Plant and machinery etc

-

20% 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

Additions

16,156

At 31 May 2014

16,156

AMORTISATION

Amortisation for period

539

At 31 May 2014

539

NET BOOK VALUE

At 31 May 2014

15,617

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

279

At 31 May 2014

279

DEPRECIATION

Charge for period

37

At 31 May 2014

37

NET BOOK VALUE

At 31 May 2014

242

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1