Abbreviated Company Accounts - KENNETH NEAME LIMITED

KENNETH NEAME LIMITED - Company Information

00791974 KENNETH NEAME LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 00791974 2015-04-01 2016-03-31 00791974 2016-03-31 00791974 2015-03-31 00791974 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 00791974 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 00791974

KENNETH NEAME LIMITED

Abbreviated Accounts

31 March 2016

KENNETH NEAME LIMITED Registered Number 00791974

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	9,541	9,939
		9,541	9,939
Current assets
Stocks		5,751,328	6,320,784
Debtors		139,112	150,345
Cash at bank and in hand		151,496	25
		6,041,936	6,471,154
Creditors: amounts falling due within one year		(3,945,654)	(3,699,065)
Net current assets (liabilities)		2,096,282	2,772,089
Total assets less current liabilities		2,105,823	2,782,028
Total net assets (liabilities)		2,105,823	2,782,028
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		2,105,723	2,781,928
Shareholders' funds		2,105,823	2,782,028

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.

Approved by the Board on 16 January 2017

And signed on their behalf by:
K W Helps-Neame, Director

KENNETH NEAME LIMITED Registered Number 00791974

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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

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

Plant and machinery, etc 20% on cost

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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

2Tangible fixed assets

	£
Cost
At 1 April 2015	140,171
Additions	1,755
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	141,926
Depreciation
At 1 April 2015	130,232
Charge for the year	2,153
On disposals	-
At 31 March 2016	132,385
Net book values
At 31 March 2016	9,541
At 31 March 2015	9,939

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100