Kingsmead Accounting Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02850558 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

FOR

KINGSMEAD ACCOUNTING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr P H Ellis

Ms L C Leggatt

SECRETARY:

Mr P H Ellis

REGISTERED OFFICE:

3 North Street

Oadby

LEICESTER

Leicestershire

LE2 5AH

REGISTERED NUMBER:

02850558 (England and Wales)

FIXED ASSETS

Tangible assets

2

5,052

5,734

CURRENT ASSETS

Stocks and work in progress

16,226

14,435

Debtors

37,548

38,469

Cash at bank

19,835

14,793

73,609

67,697

CREDITORS

Amounts falling due within one year

24,069

21,569

NET CURRENT ASSETS

49,540

46,128

TOTAL ASSETS LESS CURRENT LIABILITIES

54,592

51,862

PROVISIONS FOR LIABILITIES

693

760

NET ASSETS

53,899

51,102

CAPITAL AND RESERVES

Called up share capital

3

101

101

Profit and loss account

53,798

51,001

SHAREHOLDERS' FUNDS

53,899

51,102

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 22 May 2015 and were signed on its behalf by:

Mr P H Ellis - 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,

except in respect of service contracts where turnover is recognised when the

company obtains the right to consideration.

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

Stocks and work in progress

Stocks are valued at the lower of cost and net realisable value. Work in progress is valued

by reference to the amount receivable for work performed.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

49,809

Additions

1,002

At 31 August 2014

50,811

DEPRECIATION

At 1 September 2013

44,075

Charge for year

1,684

At 31 August 2014

45,759

NET BOOK VALUE

At 31 August 2014

5,052

At 31 August 2013

5,734

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

101

Ordinary

£1

101

101