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| Key Accountants Midlands Limited |
For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06528627
2
Key Accountants Midlands Limited
For the year ended 31 March 2016
1
Balance Sheet
2 to 4
Notes to the Abbreviated Financial Statements
3
| Abbreviated Balance Sheet |
Key Accountants Midlands Limited
2016
2015
2
-
13,895
3
2,468
2,571
-
45,714
4
48,182
16,466
32,178
30,943
14,025
8,383
44,968
40,561
| Creditors: amounts falling due within one year |
(51,727)
(92,440)
(11,166)
(47,472)
Net current liabilities
| Total assets less current liabilities |
710
5,300
| Creditors: amounts falling due after more than one year |
5
(3,861)
-
(495)
(515)
| Provisions for liabilities |
215
Net assets
924
100
6
100
115
824
215
924
Shareholders funds
| For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The director acknowledges her 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. |
| Date approved by the board: 28 December 2016 |
| Signed on behalf of the board of directors |
1 of 4
4
| Notes to the Abbreviated Financial Statements |
Key Accountants Midlands Limited
For the year ended 31 March 2016
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
| by the shareholders prior to the balance sheet date. |
| Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the |
| estimated expected useful economic life of the goodwill of 5 years. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Fixtures and Fittings
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2 of 4
5
| Notes to the Abbreviated Financial Statements |
Key Accountants Midlands Limited
For the year ended 31 March 2016
| 2 Intangible fixed assets |
32,422
32,422
18,527
13,895
Charge for year
32,422
-
13,895
7,866
1,512
9,378
5,295
1,615
Charge for year
6,910
2,468
2,571
3 of 4
6
| Notes to the Abbreviated Financial Statements |
Key Accountants Midlands Limited
For the year ended 31 March 2016
| 4 Fixed asset investments |
45,714
45,714
45,714
-
2015
2016
| 5 Creditors due after more than one year |
-
3,861
| Allotted called up and fully paid |
2016
2015
| 100 Class A shares of £1.00 each |
100
100
100
100
4 of 4
