Abbreviated Company Accounts - KARL DONOGHUE LIMITED

KARL DONOGHUE LIMITED - Company Information

03964790 KARL DONOGHUE LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 03964790 2014-01-01 2014-12-31 03964790 2014-12-31 03964790 2013-12-31 03964790 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 03964790 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director3 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director3 2014-12-31 uk-gaap-cd-bus:Director3 2013-12-31 uk-gaap-cd-bus:Director4 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director4 2014-12-31 uk-gaap-cd-bus:Director4 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 03964790

KARL DONOGHUE LIMITED

Abbreviated Accounts

31 December 2014

KARL DONOGHUE LIMITED Registered Number 03964790

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	23,244	30,992
		23,244	30,992
Current assets
Stocks		180,842	111,671
Debtors		61,482	109,411
Cash at bank and in hand		33,148	142,258
		275,472	363,340
Prepayments and accrued income		211,090	226,872
Creditors: amounts falling due within one year		(203,405)	(317,159)
Net current assets (liabilities)		283,157	273,053
Total assets less current liabilities		306,401	304,045
Total net assets (liabilities)		306,401	304,045
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		306,399	304,043
Shareholders' funds		306,401	304,045

For the year ending 31 December 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 directors acknowledge their 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 Board on 30 September 2015

And signed on their behalf by:
MICHELLE DONGOHUE, Director
KARL DONOGHUE, Director

KARL DONOGHUE LIMITED Registered Number 03964790

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less an estimated residual value, over their expected useful economic life on a 25% reducing balance method.

Other accounting policies
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stock. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2Tangible fixed assets

	£
Cost
At 1 January 2014	84,994
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	84,994
Depreciation
At 1 January 2014	54,002
Charge for the year	7,748
On disposals	-
At 31 December 2014	61,750
Net book values
At 31 December 2014	23,244
At 31 December 2013	30,992

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2

4Transactions with directors

Name of director receiving advance or credit:	K Dongohue
Description of the transaction:	Loan to the company
Balance at 1 January 2014:	£ 13,008
Advances or credits made:	£ 42,000
Advances or credits repaid:	£ 53,982
Balance at 31 December 2014:	£ 1,026

Name of director receiving advance or credit:	M Donoghue
Description of the transaction:	Loan to the company
Balance at 1 January 2014:	£ 73,261
Advances or credits made:	£ 42,000
Advances or credits repaid:	£ 71,942
Balance at 31 December 2014:	£ 43,319