Keefe Restorations Ltd. - Abbreviated accounts 16.1

REGISTERED NUMBER: 05307227 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Keefe Restorations Ltd.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTOR:

D A Keefe

SECRETARY:

J P Keefe

REGISTERED OFFICE:

26 High Street

Rickmansworth

Hertfordshire

WD3 1ER

REGISTERED NUMBER:

05307227 (England and Wales)

ACCOUNTANTS:

Lee Accounting Services Limited

Trading as Lee & Co

Chartered Accountants

26 High Street

Rickmansworth

Hertfordshire

WD3 1ER

FIXED ASSETS

Tangible assets

2

256,266

258,354

CURRENT ASSETS

Debtors

24,599

40,035

Cash at bank

3,147

86

27,746

40,121

CREDITORS

Amounts falling due within one year

3

16,866

22,250

NET CURRENT ASSETS

10,880

17,871

TOTAL ASSETS LESS CURRENT
LIABILITIES

267,146

276,225

CREDITORS

Amounts falling due after more than one
year

3

(52,133

)

(60,202

)

PROVISIONS FOR LIABILITIES

(1,253

)

-

NET ASSETS

213,760

216,023

CAPITAL AND RESERVES

Called up share capital

4

1,000

Revaluation reserve

144,420

Profit and loss account

68,340

70,603

SHAREHOLDERS' FUNDS

213,760

216,023

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 3 October 2016 and were signed by:

D A Keefe - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 January 2015

and 31 December 2015

275,713

DEPRECIATION

At 1 January 2015

17,359

Charge for year

2,088

At 31 December 2015

19,447

NET BOOK VALUE

At 31 December 2015

256,266

At 31 December 2014

258,354

3.

CREDITORS

Creditors include an amount of £ 58,819 (31.12.14 - £ 66,888 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

1,000

Ordinary shares

£1

1,000

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Keefe Restorations Ltd. for the year ended 31 December 2015 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes 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 director of Keefe Restorations Ltd. in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Keefe Restorations Ltd. and state those matters that we have agreed to state to the director of Keefe Restorations Ltd. 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 the company and its director for our work or for this report.

It is your duty to ensure that Keefe Restorations Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Keefe Restorations Ltd.. You consider that Keefe Restorations 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 financial statements of Keefe Restorations 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 financial statements.

Lee Accounting Services Limited

Trading as Lee & Co

Chartered Accountants

26 High Street

Rickmansworth

Hertfordshire

WD3 1ER

3 October 2016