Kevin McCrevey Limited - Period Ending 2014-07-31

Registration number: 04258279

Kevin McCrevey Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2014
 

Mr Anthony Spurling FCCA
Chartered Certified Accountant
36 Mossgrove Road
Timperley
Altrincham
Cheshire
WA15 6LF

Kevin McCrevey Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Kevin McCrevey Limited
for the Year Ended 31 July 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kevin McCrevey Limited for the year ended 31 July 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Kevin McCrevey Limited, as a body, in accordance with the terms of our engagement letterdated 26 July 2010. Our work has been undertaken solely to prepare for your approval the accounts of Kevin McCrevey Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kevin McCrevey Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Kevin McCrevey Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Kevin McCrevey Limited. You consider that Kevin McCrevey Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Kevin McCrevey Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Mr Anthony Spurling FCCA
Chartered Certified Accountant
36 Mossgrove Road
Timperley
Altrincham
Cheshire
WA15 6LF

30 April 2015

Page 1

Kevin McCrevey Limited
(Registration number: 04258279)
Abbreviated Balance Sheet at 31 July 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					8,837			3,846
Current assets
Debtors					2,769			7,847
Cash at bank and in hand					5,800			1,713
					8,569			9,560
Creditors: Amounts falling due within one year					(17,136)			(12,852)
Net current liabilities					(8,567)			(3,292)
Net assets					270			554
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					268			552
Shareholders' funds					270			554

For the year ending 31 July 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 director acknowledges his 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 director on 30 April 2015

.........................................
Mr Kevin McCrevey
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Kevin McCrevey Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over the expected useful life as follows;

Asset class	Depreciation method and rate
Plant and Machinery	15% reducing balance basis

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2013		11,543			11,543
Additions		6,550			6,550
At 31 July 2014		18,093			18,093
Depreciation
At 1 August 2013		7,697			7,697
Charge for the year		1,559			1,559
At 31 July 2014		9,256			9,256
Net book value
At 31 July 2014		8,837			8,837
At 31 July 2013		3,846			3,846

Page 3

Kevin McCrevey Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

4

Control

The company is controlled by the director and company secretary The company secretary is the director's wife.

Page 4