Abbreviated Company Accounts - J.P. KENNY PETROLEUM LTD

Abbreviated Company Accounts - J.P. KENNY PETROLEUM LTD


Registered Number 08494564

J.P. KENNY PETROLEUM LTD

Abbreviated Accounts

30 April 2016

J.P. KENNY PETROLEUM LTD Registered Number 08494564

Abbreviated Balance Sheet as at 30 April 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 413,848 -
413,848 -
Current assets
Debtors 500 500
Cash at bank and in hand 3,402 18,881
3,902 19,381
Creditors: amounts falling due within one year 3 (773,736) (40)
Net current assets (liabilities) (769,834) 19,341
Total assets less current liabilities (355,986) 19,341
Creditors: amounts falling due after more than one year 3 (100,000) (100,000)
Total net assets (liabilities) (455,986) (80,659)
Capital and reserves
Called up share capital 4 1,000 1,000
Profit and loss account (456,986) (81,659)
Shareholders' funds (455,986) (80,659)
  • For the year ending 30 April 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 30 January 2017

And signed on their behalf by:
N.N. TRULSVIK, Director

J.P. KENNY PETROLEUM LTD Registered Number 08494564

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Other fixed assets - over the expected life of the asset once asset completed

2Tangible fixed assets
£
Cost
At 1 May 2015 -
Additions 413,848
Disposals -
Revaluations -
Transfers -
At 30 April 2016 413,848
Depreciation
At 1 May 2015 -
Charge for the year -
On disposals -
At 30 April 2016 -
Net book values
At 30 April 2016 413,848
At 30 April 2015 -
3Creditors
2016
£
2015
£
Secured Debts 100,000 100,000
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
1,000,000 Ordinary shares of £0.001 each 1,000 1,000