Keynes Controls Ltd - Abbreviated accounts

Registered number

03199347

Keynes Controls Ltd

Abbreviated Accounts

31 May 2016

Keynes Controls Ltd

Report to the directors on the preparation of the unaudited abbreviated accounts of Keynes Controls Ltd for the year ended 31 May 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Keynes Controls Ltd for the year ended 31 May 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

Gisela Sharpe
Chartered Certified Accountants
9 Sheridan Way
Wokingham
Berkshire
RG41 3AP

24 February 2017

Keynes Controls Ltd
Registered number:		03199347
Abbreviated Balance Sheet
as at 31 May 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		21,043			6,323

Current assets
Stocks		16,810			14,253
Debtors		121,828			125,612
Cash at bank and in hand		86,174			113,074
		224,812			252,939

Creditors: amounts falling due within one year		(90,917)			(86,861)

Net current assets			133,895			166,078

Net assets			154,938			172,401

Capital and reserves
Called up share capital	3		200			200
Profit and loss account			154,738			172,201

Shareholders' funds			154,938			172,401

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



I Thomas
Director
Approved by the board on 24 February 2017

Keynes Controls Ltd
Notes to the Abbreviated Accounts
for the year ended 31 May 2016

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% reducing balance
	Office equipment			25% reducing balance

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Tangible fixed assets					£

	Cost
	At 1 June 2015					48,891
	Additions					21,735
	At 31 May 2016					70,626

	Depreciation
	At 1 June 2015					42,568
	Charge for the year					7,015
	At 31 May 2016					49,583

	Net book value
	At 31 May 2016					21,043
	At 31 May 2015					6,323


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		200		200