Key Developments Ltd - Limited company - abbreviated

REGISTERED NUMBER: 06425910 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2015

FOR

KEY DEVELOPMENTS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A McCaffrey

Mrs L McCaffrey

SECRETARY:

Mrs L McCaffrey

REGISTERED OFFICE:

42-46 North Street

Stilton

Peterborough

Cambs

PE7 3RP

REGISTERED NUMBER:

06425910 (England and Wales)

ACCOUNTANTS:

Tacconi Green and Co

Accountants

32a East Street

St. Ives

Cambs

PE27 5PD

CURRENT ASSETS

Stocks

310,294

299,548

Debtors

38,873

42,028

Cash at bank and in hand

3,989

29,751

353,156

371,327

CREDITORS

Amounts falling due within one year

38,000

38,613

NET CURRENT ASSETS

315,156

332,714

TOTAL ASSETS LESS CURRENT
LIABILITIES

315,156

332,714

CREDITORS

Amounts falling due after more than one
year

2

313,625

326,452

NET ASSETS

1,531

6,262

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

1,530

6,261

SHAREHOLDERS' FUNDS

1,531

6,262

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2015 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 4th November 2015 and were signed on its behalf
by:

Mrs L McCaffrey - 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 goods, excluding value added tax.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.

CREDITORS

Creditors include the following debts falling due in more than five years:

2015

2014

£

Repayable by instalments

240,225

253,052

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary

£1

1

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2015 and

31st March 2014:

2015

2014

£

A McCaffrey and Mrs L McCaffrey

Balance outstanding at start of year

1,443

-

Amounts advanced

1,853

1,443

Amounts repaid

-

Balance outstanding at end of year

3,296

1,443

Key Developments Ltd - Limited company - abbreviated - 11.9

Key Developments Ltd - Limited company - abbreviated - 11.9