New Key Support Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08961402 (England and Wales)

Abbreviated Accounts For The Year Ended 31 March 2016

for

New Key Support Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr D K Bell

REGISTERED OFFICE:

Office 105

Cobalt Business Exchange

Cobalt Park Way

Newcastle Upon Tyne

Tyne and Wear

NE28 9NZ

REGISTERED NUMBER:

08961402 (England and Wales)

ACCOUNTANTS:

Sean Hannah & Co

Chartered Certified Accountants

Suite 3

Saville Exchange

Howard Street

North Shields

Tyne and Wear

NE30 1SE

FIXED ASSETS

Intangible assets

2

-

15,000

Tangible assets

3

21,973

2,141

21,973

17,141

CURRENT ASSETS

Debtors

73,490

8,939

Cash at bank

12,969

631

86,459

9,570

CREDITORS

Amounts falling due within one year

51,969

10,836

NET CURRENT ASSETS/(LIABILITIES)

34,490

(1,266

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

56,463

15,875

CREDITORS

Amounts falling due after more than one
year

2,158

14,985

NET ASSETS

54,305

890

CAPITAL AND RESERVES

Called up share capital

4

100

1

Profit and loss account

54,205

889

SHAREHOLDERS' FUNDS

54,305

890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 22 December 2016 and were signed by:

Mr D K Bell - 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

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of two years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

- Plant and machinery - 25% reducing balance

- Fixtures, fittings & equipment - 25% reducing balance

- Computer equipment - 33% 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

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

30,000

AMORTISATION

At 1 April 2015

15,000

Amortisation for year

15,000

At 31 March 2016

30,000

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

15,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

2,965

Additions

27,488

Disposals

(1,600

)

At 31 March 2016

28,853

DEPRECIATION

At 1 April 2015

824

Charge for year

6,056

At 31 March 2016

6,880

NET BOOK VALUE

At 31 March 2016

21,973

At 31 March 2015

2,141

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

1

99 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the 31st March 2016 the company was owed £44,863 from Mr D Bell (Director), this amount is included

within other debtors.

(2015: £14,985 owed to Mr D Bell (Director), this amount is included in other creditors - amounts falling due

after more than one year).