K J Herbert Ltd - Period Ending 2015-09-30

Registration number: 04528477

K J Herbert Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2015
 

E J Business Consultants Limited
The Rectory
1 Toomers Wharf
Canal Walk
Newbury
Berkshire
RG14 1DY

K J Herbert Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
K J Herbert Ltd
for the Year Ended 30 September 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of K J Herbert Ltd for the year ended 30 September 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of K J Herbert Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of K J Herbert Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than K J Herbert Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that K J Herbert Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of K J Herbert Ltd. You consider that K J Herbert Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of K J Herbert Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

E J Business Consultants Limited
The Rectory
1 Toomers Wharf
Canal Walk
Newbury
Berkshire
RG14 1DY

20 June 2016

Page 1

K J Herbert Ltd
(Registration number: 04528477)
Abbreviated Balance Sheet at 30 September 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					30,943			42,025
Current assets
Stocks					955			905
Debtors					31,569			18,462
Cash at bank and in hand					44,347			21,467
					76,871			40,834
Creditors: Amounts falling due within one year					(77,053)			(62,307)
Net current liabilities					(182)			(21,473)
Total assets less current liabilities					30,761			20,552
Creditors: Amounts falling due after more than one year					(12,500)			(19,210)
Net assets					18,261			1,342
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					18,161			1,242
Shareholders' funds					18,261			1,342

For the year ending 30 September 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 20 June 2016 and signed on its behalf by:

.........................................
Mr K J Herbert
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

K J Herbert Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 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).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant & Machinery	33% reducing balance basis
Fixtures & Fittings	33% reducing balance basis
Motor Vehicles	25% reducing balance basis
Office Equipment	33% reducing balance basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

K J Herbert Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2014		148,349			148,349
At 30 September 2015		148,349			148,349
Depreciation
At 1 October 2014		106,324			106,324
Charge for the year		11,082			11,082
At 30 September 2015		117,406			117,406
Net book value
At 30 September 2015		30,943			30,943
At 30 September 2014		42,025			42,025

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 4