Abbreviated Company Accounts - KEYMEN ASSOCIATES LIMITED

KEYMEN ASSOCIATES LIMITED - Company Information

03273544 KEYMEN ASSOCIATES LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 03273544 2015-01-01 2015-12-31 03273544 2015-12-31 03273544 2014-12-31 03273544 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 03273544 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 03273544

KEYMEN ASSOCIATES LIMITED

Abbreviated Accounts

31 December 2015

KEYMEN ASSOCIATES LIMITED Registered Number 03273544

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	272,929	278,768
Investments	3	227,000	227,000
		499,929	505,768
Current assets
Debtors		227,997	122,496
Cash at bank and in hand		684,702	594,702
		912,699	717,198
Creditors: amounts falling due within one year		(143,960)	(234,822)
Net current assets (liabilities)		768,739	482,376
Total assets less current liabilities		1,268,668	988,144
Provisions for liabilities		(1,300)	(1,178)
Total net assets (liabilities)		1,267,368	986,966
Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		1,266,368	985,966
Shareholders' funds		1,267,368	986,966

For the year ending 31 December 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 24 March 2016

And signed on their behalf by:
J N A SPACKMAN, Director

KEYMEN ASSOCIATES LIMITED Registered Number 03273544

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

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have
been prepared under the historical cost convention and in accordance with applicable accounting
standards.
The company is the parent undertaking of a small group and as such is not required by the
Companies Act 2006 to prepare group accounts. These financial statements therefore present
information about the company as an individual undertaking and not about its group.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied
during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives on the following bases:
Freehold land and buildings - 2% straight line
Fixtures and fittings - 15% straight line
Office equipment - 15% straight line

Other accounting policies
Investments

Investments held as fixed assets are shown at cost less provision for impairment.

Deferred taxation

Full provision is made for deferred tax assets and liabilities arising from all timing differences
between the recognition of gains and losses in the financial statements and recognition in the tax
computation.
A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are discounted.

Pensions

The company operates a defined contribution pension scheme and the pension charge represents
the amounts payable by the company to the fund in respect of the year.

2Tangible fixed assets

	£
Cost
At 1 January 2015	345,450
Additions	2,327
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	347,777
Depreciation
At 1 January 2015	66,682
Charge for the year	8,166
On disposals	-
At 31 December 2015	74,848
Net book values
At 31 December 2015	272,929
At 31 December 2014	278,768

3Fixed assets Investments
INVESTMENTS
£
Cost or valuation - At 1 January 2015 and 31 December 2015 = £ 227,000
Net book value - At 31 December 2015 and 31 December 2015= £ 227,000

Subsidiary undertakings:
The following were subsidiary undertakings of the company:

Tom McCarthy Limited, 100% of Ordinary Share Capital

The aggregate of the share capital and reserves as at 31 December 2015 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Tom McCarthy Limited - Aggregate of share capital and reserves = £148,060
Profit/(loss) = £4,892

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

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000