Key Transitions Limited - Abbreviated accounts

Registered number

07917994

Key Transitions Limited

Abbreviated Accounts

31 January 2014

Key Transitions Limited
Registered number:		07917994
Abbreviated Balance Sheet
as at 31 January 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		2,645			703

Current assets
Debtors		912			2,421
Cash at bank and in hand		6,267			1,188
		7,179			3,609

Creditors: amounts falling due within one year		(9,325)			(4,019)

Net current liabilities			(2,146)			(410)

Net assets			499			293

Capital and reserves
Called up share capital	3		1			1
Profit and loss account			498			292

Shareholder's funds			499			293

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr C A Brim
Director
Approved by the board on 3 September 2014

Key Transitions Limited
Notes to the Abbreviated Accounts
for the year ended 31 January 2014

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			15% reducing balance


	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 February 2013					827
	Additions					2,409
	At 31 January 2014					3,236

	Depreciation
	At 1 February 2013					124
	Charge for the year					467
	At 31 January 2014					591

	Net book value
	At 31 January 2014					2,645
	At 31 January 2013					703


3	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		1		1

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		-		1