Kelly Accounting Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC231332 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2015

for

Kelly Accounting Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D J Kelly

SECRETARY:

Mrs S Kelly BAcc (Hons) CA

REGISTERED OFFICE:

42 Comrie Street

Crieff

Perthshire

PH7 4AX

REGISTERED NUMBER:

SC231332 (Scotland)

ACCOUNTANTS:

Kelly Accounting Limited

Chartered Accountants

42 Comrie Street

Crieff

Perthshire

PH7 4AX

FIXED ASSETS

Tangible assets

2

55,295

53,829

CURRENT ASSETS

Debtors

44,713

28,345

Cash at bank and in hand

17,902

28,699

62,615

57,044

CREDITORS

Amounts falling due within one year

53,830

46,241

NET CURRENT ASSETS

8,785

10,803

TOTAL ASSETS LESS CURRENT LIABILITIES

64,080

64,632

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

63,980

64,532

SHAREHOLDERS' FUNDS

64,080

64,632

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 30 January 2016 and were signed by:

D J Kelly - 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 services, excluding value added tax, together with

uninvoiced amounts where the company has obtained the right to consideration through its

performance.

Uninvoiced amounts are included on the balance sheet as amounts recoverable on contracts.

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Deferred tax

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

the balance sheet date.

Pension costs and other post-retirement benefits

The company contributes, on behalf of its employees, to individual personal pension plans. The

contributions made by the company are recognised as an expense in the profit and loss account when

they are paid.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

61,890

Additions

2,832

Disposals

(2,376

)

At 30 April 2015

62,346

DEPRECIATION

At 1 May 2014

8,061

Charge for year

1,366

Eliminated on disposal

(2,376

)

At 30 April 2015

7,051

NET BOOK VALUE

At 30 April 2015

55,295

At 30 April 2014

53,829

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

£

100

Ordinary

1

100

100