KEYMASTER BRISTOL LIMITED Accounts filed on 31-03-2014
KEYMASTER BRISTOL LIMITED Accounts filed on 31-03-2014
KEYMASTER BRISTOL LIMITED
Company Registration Number:
07462039 (England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01st April 2013
End date: 31st March 2014
SUBMITTED
KEYMASTER BRISTOL LIMITED
Company Information
for the Period Ended
31st March 2014
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| Registered office: |
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| Gloucestershire | ||
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KEYMASTER BRISTOL LIMITED
Abbreviated Balance sheet
As at 31st March 2014
| Notes | 2014 £ |
2013 £ |
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| Fixed assets | |||
| Intangible assets: | 4 |
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| Tangible assets: | 5 |
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| Total fixed assets: |
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| Current assets | |||
| Stocks: |
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| Debtors: | 7 |
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| Cash at bank and in hand: |
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| Total current assets: |
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| Creditors | |||
| Creditors: amounts falling due within one year | 8 |
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: | 9 |
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| Total net assets (liabilities): |
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The notes form part of these financial statements
KEYMASTER BRISTOL LIMITED
Abbreviated Balance sheet
As at 31st March 2014
continued
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2013 £ |
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| Capital and reserves | |||
| Called up share capital: | 10 |
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| Profit and Loss account: |
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| Total shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: Carl Jenkins
Status: Director
The notes form part of these financial statements
KEYMASTER BRISTOL LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st March 2014
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1. Accounting policies
Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008) Turnover policy
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts. Tangible fixed assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Freehold buildings - 2% on cost or revalued amounts, Plant and Machinery - 25% on cost, Fixtures and fittings - 25% reducing balance, Motor vehicles - 25% on cost, Office Equipment - 25% reducing balance. Intangible fixed assets amortisation policy
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. Valuation information and policy
Stocks and work -in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. Other accounting policies
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.
KEYMASTER BRISTOL LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st March 2014
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4. Intangible assets
Total Cost £ At 01st April 2013: 20,000 20,000 Amortisation £ At 01st April 2013: 10,000 Provided during the period: 5,000 At 31st March 2014: 15,000 Net book value £ At 31st March 2014: 5,000 At 31st March 2013: 10,000
KEYMASTER BRISTOL LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st March 2014
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5. Tangible assets
Total Cost £ At 01st April 2013: 9,068 Additions: 336 At 31st March 2014: 9,404 Depreciation At 01st April 2013: 2,267 Charge for year: 2,308 At 31st March 2014: 4,575 Net book value At 31st March 2014: 4,829 At 31st March 2013: 6,801
KEYMASTER BRISTOL LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st March 2014
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7. Debtors
2014
£2013
£Trade debtors: 12,148 7,421 Total: 12,148 7,421
KEYMASTER BRISTOL LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st March 2014
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8. Creditors: amounts falling due within one year
2014
£2013
£Bank loans and overdrafts: 1,924 1,255 Trade creditors: 2,596 1,482 Taxation and social security: 3,175 2,141 Accruals and deferred income: 600 500 Total: 8,295 5,378
KEYMASTER BRISTOL LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st March 2014
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9. Creditors: amounts falling due after more than one year
2014
£2013
£Other creditors: 29,442 37,945 Total: 29,442 37,945