Abbreviated Company Accounts - GILLIAN KENNY ASSOCIATES LTD

GILLIAN KENNY ASSOCIATES LTD - Company Information

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Registered Number 03943235

GILLIAN KENNY ASSOCIATES LTD

Abbreviated Accounts

31 March 2015

GILLIAN KENNY ASSOCIATES LTD Registered Number 03943235

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	36,018	62,024
Investments	3	451,854	453,558
		487,872	515,582
Current assets
Stocks		-	4,909
Debtors		825,926	920,397
Cash at bank and in hand		6,301	7
		832,227	925,313
Creditors: amounts falling due within one year		(745,664)	(799,263)
Net current assets (liabilities)		86,563	126,050
Total assets less current liabilities		574,435	641,632
Provisions for liabilities		(1,172)	(5,049)
Total net assets (liabilities)		573,263	636,583
Capital and reserves
Called up share capital	4	183,580	183,577
Profit and loss account		389,683	453,006
Shareholders' funds		573,263	636,583

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 17 December 2015

And signed on their behalf by:
C J Kenny, Director

GILLIAN KENNY ASSOCIATES LTD Registered Number 03943235

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 the total invoice value, excluding value added tax, of work carried out in th respect of services provided to customers.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Leasehold properties - Straight line over the life of the lease
Fixtures, fittings and equipment - 25% straight line

Other accounting policies
Holdings of 20% or more

The company holds 75% of the share capital in QED Market Research Limited, a market research viewing facility company, registered in England.

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves - (£336,280)
Loss for the year - (£48,280)

2Tangible fixed assets

	£
Cost
At 1 April 2014	127,955
Additions	5,996
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	133,951
Depreciation
At 1 April 2014	65,931
Charge for the year	32,002
On disposals	-
At 31 March 2015	97,933
Net book values
At 31 March 2015	36,018
At 31 March 2014	62,024

3Fixed assets Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
183,477 Ordinary shares of £1 each	183,477	183,477
100 A Ordinary shares of £1 each	100	100
1 B Ordinary share of £1 each (0 shares for 2014)	1	0
1 C Ordinary share of £1 each (0 shares for 2014)	1	0
1 D Ordinary share of £1 each (0 shares for 2014)	1	0