Company Registration No. 06979505 (England and Wales)
KAY PUBLISHING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2015
KAY PUBLISHING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
KAY PUBLISHING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2015
31 October 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
137,071
157,500
Tangible assets
2
801
730
137,872
158,230
Current assets
Debtors
6,859
11,199
Cash at bank and in hand
101,869
85,239
108,728
96,438
Creditors: amounts falling due within one year
(235,879)
(245,752)
Net current liabilities
(127,151)
(149,314)
Total assets less current liabilities
10,721
8,916
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
10,621
8,816
Shareholders' funds
10,721
8,916
For the financial year ended 31 October 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 8 July 2016
Mr J Nutbeem
Director
Company Registration No. 06979505
KAY PUBLISHING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
- 2 -
1
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 April 2008).
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
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
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:
Fixtures, fittings & equipment
25% Reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 November 2014
225,000
1,520
226,520
Additions
3,107
337
3,444
At 31 October 2015
228,107
1,857
229,964
Depreciation
At 1 November 2014
67,500
790
68,290
Charge for the year
23,536
266
23,802
At 31 October 2015
91,036
1,056
92,092
Net book value
At 31 October 2015
137,071
801
137,872
At 31 October 2014
157,500
730
158,230
KAY PUBLISHING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
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