Kavanagh Young Limited - Period Ending 2015-10-31

Registration number: 7038077

Kavanagh Young Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2015
 

Kavanagh Young Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Kavanagh Young Limited
(Registration number: 7038077)
Abbreviated Balance Sheet at 31 October 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					185			275
Current assets
Cash at bank and in hand					847			915
Creditors: Amounts falling due within one year					(19,852)			(19,733)
Net current liabilities					(19,005)			(18,818)
Net liabilities					(18,820)			(18,543)
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					(19,820)			(19,543)
Shareholders' deficit					(18,820)			(18,543)

For the year ending 31 October 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 7 June 2016 and signed on its behalf by:

.........................................
Toby Young
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Kavanagh Young Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Depreciation

Depreciation is provided at a rate that is estimated to write the asset off over its useful life.

Asset class	Depreciation method and rate
Equipment	reducing balance 33%

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 November 2014		2,027			2,027
At 31 October 2015		2,027			2,027
Depreciation
At 1 November 2014		1,752			1,752
Charge for the year		90			90
At 31 October 2015		1,842			1,842
Net book value
At 31 October 2015		185			185
At 31 October 2014		275			275

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		1,000			1,000			1,000			1,000

Page 2

Kavanagh Young Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued

4	Related party transactions

Directors' advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
Toby Young
Director's loan to the company	19,732	-	19,732	-

Page 3