K Coleman Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04410758 (England and Wales)

Abbreviated Accounts for the Year Ended 30th April 2015

for

K Coleman Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr K Coleman

SECRETARY:

Ms S E Warner

REGISTERED OFFICE:

Ground Floor, Southway House

29 Southway

Colchester

Essex

CO2 7BA

REGISTERED NUMBER:

04410758 (England and Wales)

FIXED ASSETS

Tangible assets

2

23,967

25,370

CURRENT ASSETS

Stocks and work in progress

11,814

-

Debtors

33,093

19,854

Cash at bank

35,614

24,565

80,521

44,419

CREDITORS

Amounts falling due within one year

12,300

2,070

NET CURRENT ASSETS

68,221

42,349

TOTAL ASSETS LESS CURRENT LIABILITIES

92,188

67,719

PROVISIONS FOR LIABILITIES

4,793

5,074

NET ASSETS

87,395

62,645

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

87,394

62,644

SHAREHOLDERS' FUNDS

87,395

62,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 11th January 2016 and were signed by:

Mr K Coleman - 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2014

31,170

Additions

5,103

At 30th April 2015

36,273

DEPRECIATION

At 1st May 2014

5,800

Charge for year

6,506

At 30th April 2015

12,306

NET BOOK VALUE

At 30th April 2015

23,967

At 30th April 2014

25,370

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Ordinary

£1

1

1