Kingsley Management Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05298465 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 November 2014

for

Kingsley Management Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

W Gall

SECRETARY:

Mrs C Gall

REGISTERED OFFICE:

8 Salisbury Road

Cressington Park

Liverpool

Merseyside

L19 0PJ

REGISTERED NUMBER:

05298465 (England and Wales)

ACCOUNTANTS:

SB&P LLP

Oriel House

2-8 Oriel Road

Bootle

Liverpool

Merseyside

L20 7EP

FIXED ASSETS

Tangible assets

2

584

730

CURRENT ASSETS

Debtors

236

623

Cash at bank

22,997

61,791

23,233

62,414

CREDITORS

Amounts falling due within one year

30,092

37,299

NET CURRENT (LIABILITIES)/ASSETS

(6,859

)

25,115

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,275

)

25,845

PROVISIONS FOR LIABILITIES

117

146

NET (LIABILITIES)/ASSETS

(6,392

)

25,699

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(6,492

)

25,599

SHAREHOLDERS' FUNDS

(6,392

)

25,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 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 director on 24 August 2015 and were signed by:

W Gall - 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 the fair value of services provided under contracts with customers to the extent that there is a right to

consideration. It is measured at the fair value of the consideration due.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet

date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme

are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

and 30 November 2014

3,193

DEPRECIATION

At 1 December 2013

2,463

Charge for year

146

At 30 November 2014

2,609

NET BOOK VALUE

At 30 November 2014

584

At 30 November 2013

730

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.14

30.11.13

value:

£

£

100

Ordinary

£1

100

100

4.

DIVIDENDS

At the time the dividends were paid in the period, the director was not aware that there were insufficient profits available for

distribution and the director acknowledges that no further distributions can be made until there are sufficient profits

available for that purpose.

5.	GOING CONCERN

Although the company is technically insolvent, these accounts have been prepared under the going concern basis on the

understanding that the company will continue to receive the financial support of it's director.