Kimberlee Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06006082 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

KIMBERLEE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

N Kimberlee

SECRETARY:

Miss C Slade

REGISTERED OFFICE:

Hunt House Farm

Frith Common

Tenbury Wells

Worcestershire

WR15 8JY

REGISTERED NUMBER:

06006082 (England and Wales)

ACCOUNTANTS:

Kimberlee & Co

Chartered Accountants

C/O Hunt House Farm

Frith Common

Tenbury Wells

Worcestershire

WR15 8JY

FIXED ASSETS

Intangible assets

2

60,500

66,000

CURRENT ASSETS

Stocks

131,253

126,816

Debtors

97,637

116,530

Cash at bank

12,130

11,911

241,020

255,257

CREDITORS

Amounts falling due within one year

299,335

319,718

NET CURRENT LIABILITIES

(58,315

)

(64,461

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,185

1,539

CAPITAL AND RESERVES

Called up share capital

3

1,100

1,100

Profit and loss account

1,085

439

SHAREHOLDERS' FUNDS

2,185

1,539

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 September 2016 and were signed by:

N Kimberlee - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Represents the estimated realisable value of work completed during the year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

110,000

AMORTISATION

At 1 January 2015

44,000

Amortisation for year

5,500

At 31 December 2015

49,500

NET BOOK VALUE

At 31 December 2015

60,500

At 31 December 2014

66,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

1,000

Ordinary

£1

1,000

1,000

100

"A" Ordinary

£1

100

100

1,100

1,100

4.	DIRECTOR'S LOAN

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N Kimberlee.