X_KEYS_LIMITED - Accounts

X KEYS LIMITED - Company Information

Print Friendly Version

Company Registration No. 03880943 (England and Wales)

X KEYS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

X KEYS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

X KEYS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

11,761

14,569

Current assets

Debtors

10,926

2,982

Cash at bank and in hand

580,137

684,538

591,063

687,520

Creditors: amounts falling due within one year

(84,219)

(109,734)

Net current assets

506,844

577,786

Total assets less current liabilities

518,605

592,355

Provisions for liabilities

(2,352)

(2,518)

516,253

589,837

Capital and reserves

Called up share capital

1,000

Profit and loss account

515,253

588,837

Shareholders' funds

516,253

589,837

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 14 June 2016

Mr R Bernstein

Mr N Bernstein

Director

Company Registration No. 03880943

X KEYS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% Reducing balance

Computer equipment

25% Reducing Balance

Fixtures, fittings & equipment

25% Reducing balance

1.5

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

Fixed assets

Tangible assets

Cost

At 1 January 2015

85,088

Additions

1,112

At 31 December 2015

86,200

Depreciation

At 1 January 2015

70,519

Charge for the year

3,920

At 31 December 2015

74,439

Net book value

At 31 December 2015

11,761

At 31 December 2014

14,569

X KEYS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

1,000 of £1 each

1,000