Kennedy & Lee Consultancy Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09292407

Unaudited Financial Statements

for the Period 1 December 2018 to 31 July 2019

for

Kennedy & Lee Consultancy Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C J Kennedy

Mrs N Lee

REGISTERED OFFICE:

13 Leybourne Avenue

Bournemouth

Dorset

BH10 6ES

REGISTERED NUMBER:

09292407

ACCOUNTANTS:

Barnes Andrew Chartered Certified Accountants

864 Christchurch Road

Bournemouth

Dorset

BH7 6DQ

FIXED ASSETS

Tangible assets

4

-

1,156

CURRENT ASSETS

Debtors

5

525

-

Cash at bank

-

12,450

525

12,450

CREDITORS

Amounts falling due within one year

6

52

8,200

NET CURRENT ASSETS

473

4,250

TOTAL ASSETS LESS CURRENT LIABILITIES

473

5,406

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

373

5,306

SHAREHOLDERS' FUNDS

473

5,406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2019 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 February 2020 and were signed on its behalf by:

C J Kennedy - Director

Mrs N Lee - Director

1.	STATUTORY INFORMATION

Kennedy & Lee Consultancy Ltd is a private company, limited by shares , registered in Not specified/Other. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

25% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2018

2,864

Disposals

(2,864

)

At 31 July 2019

-

DEPRECIATION

At 1 December 2018

1,708

Eliminated on disposal

(1,708

)

At 31 July 2019

-

NET BOOK VALUE

At 31 July 2019

-

At 30 November 2018

1,156

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

30.11.18

£

£

Other debtors

525

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

30.11.18

£

£

Taxation and social security

52

974

Other creditors

-

7,226

52

8,200