KAVANAGH_COMMUNICATIONS_L - Accounts

KAVANAGH COMMUNICATIONS LIMITED - Company Information

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Company Registration No. 03530403 (England and Wales)

KAVANAGH COMMUNICATIONS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

KAVANAGH COMMUNICATIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

KAVANAGH COMMUNICATIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,161

15,635

Current assets

Debtors

92,911

89,086

Cash at bank and in hand

92,923

89,098

Creditors: amounts falling due within one year

(93,113)

(102,612)

Net current liabilities

(190)

(13,514)

Total assets less current liabilities

971

2,121

Capital and reserves

Called up share capital

900

Profit and loss account

1,221

Shareholders' funds

971

2,121

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.

Director's 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 director acknowledges her 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 13 July 2016

A Kavanagh

Director

Company Registration No. 03530403

KAVANAGH COMMUNICATIONS 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:

Land and buildings Leasehold

Over the term of the lease

Fixtures, fittings & equipment

20% reducing balance

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 January 2015

58,789

Disposals

(56,743)

At 31 December 2015

2,046

Depreciation

At 1 January 2015

43,154

On disposals

(42,559)

Charge for the year

290

At 31 December 2015

885

Net book value

At 31 December 2015

1,161

At 31 December 2014

15,635

KAVANAGH COMMUNICATIONS 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

90,000 Ordinary shares of 1p each

900

Ultimate parent company

The ultimate controlling party is A Kavanagh, a director and the majority shareholder of the company.