E.F Kerin & Sons Ltd - Period Ending 2015-03-31

Registration number: 07951652

E.F Kerin & Sons Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Critchleys LLP
Chartered Accountants
Greyfriars Court
Paradise Square
Oxford
OX1 1BE

E.F Kerin & Sons Ltd
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

E.F Kerin & Sons Ltd - Registration number: 07951652
at 31 March 2015

		Note			2015						2014
	£			£			£			£
Fixed assets
Tangible fixed assets		2						1,891						2,521
Current assets
Stocks					1,500						1,500
Debtors					11,135						60,326
Cash at bank and in hand					64,143						41,922
					76,778						103,748
Creditors: Amounts falling due within one year					(65,697)						(81,320)
Net current assets								11,081						22,428
Net assets								12,972						24,949
Capital and reserves
Called up share capital		3			100						100
Profit and loss account					12,872						24,849
Shareholders' funds								12,972						24,949

The notes on pages 3 to 4 form an integral part of these financial statements.
  Page 1

E.F Kerin & Sons Ltd - Registration number: 07951652
at 31 March 2015
......... continued

For the year ending 31 March 2015 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 11 December 2015 and signed on its behalf by:

.........................................
J R Kerin
Director

.........................................
K Kerin
Director

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

E.F Kerin & Sons Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... 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 their expected useful economic life as follows:

Fixtures and fittings	25% reducing balance
Office equipment	25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		4,073			4,073
At 31 March 2015		4,073			4,073
Depreciation
At 1 April 2014		1,552			1,552
Charge for the year		630			630
At 31 March 2015		2,182			2,182
Net book value
At 31 March 2015		1,891			1,891
At 31 March 2014		2,521			2,521

Page 3

E.F Kerin & Sons Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 4