Keith Constant Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03422334 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2014

for

Keith Constant Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr K J Constant

SECRETARY:

Mrs A Tipples

REGISTERED OFFICE:

Bank Chambers

61 High Street

Cranbrook

Kent

TN17 3EG

REGISTERED NUMBER:

03422334 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Bank Chambers

61 High Street

Cranbrook

Kent

TN17 3EG

FIXED ASSETS

Tangible assets

2

1,870

2,200

CURRENT ASSETS

Stocks

-

345,688

Debtors

593

1,667

Cash at bank

704,128

14,445

704,721

361,800

CREDITORS

Amounts falling due within one year

352,294

298,837

NET CURRENT ASSETS

352,427

62,963

TOTAL ASSETS LESS CURRENT LIABILITIES

354,297

65,163

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

354,295

65,161

SHAREHOLDERS' FUNDS

354,297

65,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 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 16 October 2014 and were signed by:

Mr K J Constant - 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 April 2008).

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.

Plant and machinery

-

15% on reducing balance

Office equipment

-

15% on reducing balance

Computer equipment

-

straight line over 3 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.

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

6,547

DEPRECIATION

At 1 September 2013

4,347

Charge for year

330

At 31 August 2014

4,677

NET BOOK VALUE

At 31 August 2014

1,870

At 31 August 2013

2,200

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

£

2

Ordinary

£1

2

2