Keith Allen Carpentry Limited - Limited company accounts 11.6

REGISTERED NUMBER: 04439547 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2014

FOR

KEITH ALLEN CARPENTRY LIMITED

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

K Allen

SECRETARY:

J Allen

REGISTERED OFFICE:

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

REGISTERED NUMBER:

04439547 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

The director presents his report with the financial statements of the company for the year ended 31 May 2014.

DIRECTOR

K Allen held office during the whole of the period from 1 June 2013 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

J Allen - Secretary

25 February 2015

TURNOVER

14,005

19,895

Cost of sales

4,560

4,094

GROSS PROFIT

9,445

15,801

Administrative expenses

12,088

18,850

OPERATING LOSS

2

(2,643

)

(3,049

)

Interest receivable and similar income

-

1

(2,643

)

(3,048

)

Interest payable and similar charges

100

-

LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION

(2,743

)

(3,048

)

Tax on loss on ordinary activities

3

-

(591

)

LOSS FOR THE FINANCIAL YEAR

(2,743

)

(2,457

)

FIXED ASSETS

Tangible assets

4

6

14

CURRENT ASSETS

Debtors

5

914

914

Cash at bank

4,677

7,302

5,591

8,216

CREDITORS

Amounts falling due within one year

6

2,748

2,638

NET CURRENT ASSETS

2,843

5,578

TOTAL ASSETS LESS CURRENT LIABILITIES

2,849

5,592

CAPITAL AND RESERVES

Called up share capital

7

1

1

Profit and loss account

8

2,848

5,591

SHAREHOLDERS' FUNDS

2,849

5,592

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 25 February 2015 and were signed by:

K Allen - Director

1.	ACCOUNTING POLICIES

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 sales 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.

Equipment

-

10 - 33% on cost

Motor vehicles

-

25% on cost

2.	OPERATING LOSS

The operating loss is stated after charging:

2014

2013

£

£

Depreciation - owned assets

3

92

Loss on disposal of fixed assets

5

-

Director's remuneration and other benefits etc

8,325

7,522

3.

TAXATION

Analysis of the tax credit

The tax credit on the loss on ordinary activities for the year was as follows:

2014

2013

£

£

Current tax:

UK corporation tax

-

(591

)

Tax on loss on ordinary activities

-

(591

)

4.	TANGIBLE FIXED ASSETS

Motor

Equipment

vehicles

Totals

£

£

£

COST

At 1 June 2013

1,258

5,000

6,258

Disposals

(648

)

-

(648

)

At 31 May 2014

610

5,000

5,610

DEPRECIATION

At 1 June 2013

1,245

4,999

6,244

Charge for year

3

-

3

Eliminated on disposal

(643

)

-

(643

)

At 31 May 2014

605

4,999

5,604

NET BOOK VALUE

At 31 May 2014

5

1

6

At 31 May 2013

13

1

14

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

£

Other debtors

323

323

Tax

591

591

914

914

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

£

Other creditors

720

1,100

Directors' current accounts

2,028

1,538

2,748

2,638

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1

8.

RESERVES

Profit

and loss

account

£

At 1 June 2013

5,591

Deficit for the year

(2,743

)

At 31 May 2014

2,848

9.	RELATED PARTY DISCLOSURES

During the year Mr K Allen withdrew £246 (2013 - nil ) and introduced amounts totalling £736 (2013 - £745).

Mr K Allen had a balance of £2,028 (2013 - £1,538) due to him at the year end.

10.	ULTIMATE CONTROLLING PARTY