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Private Limited Company
02938430
2016-10-31
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uk-bus:Director1
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uk-gaap:PlantMachinery
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iso4217:GBP
For the year ended 31 October 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 02938430
2
J W Kelly Limited
For the year ended 31 October 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
J W Kelly Limited
Accountants' Report
For the year ended 31 October 2016
| In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the |
| accounts of J W Kelly Limited for the year ended 31 October 2016 which comprise the Profit and Loss Account, |
| 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 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. |
| This report is made solely to the Board of Directors of J W Kelly Limited, as a body, in accordance with the terms of |
| our engagement letter dated 30 November 2016. Our work has been undertaken solely to prepare for your approval |
| the accounts of J W Kelly Limited and state those matters that we have agreed to state to the Board of Directors of |
| J W Kelly Limited, as a body, in this report in accordance with the requirements of the Association of Chartered |
| Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by |
| law, we do not accept or assume responsibility to anyone other than J W Kelly Limited and its Board of Directors as |
| a body for our work or for this report. |
| It is your duty to ensure that J W Kelly Limited has kept adequate accounting records and to prepare statutory |
| accounts that give a true and fair view of the assets, liabilities, financial position and profit of J W Kelly Limited. You |
| consider that J W Kelly Limited is exempt from the statutory audit requirement for the year. |
M3 Evolve
169 Moor Lane
Upminster
Essex
RM14 1HQ
1 of 4
4
| Abbreviated Balance Sheet |
J W Kelly Limited
2016
2015
2
143,454
143,954
143,454
143,954
5,000
-
39,436
79,429
173,858
251,270
253,287
295,706
| Creditors: amounts falling due within one year |
(49,250)
(25,131)
246,456
228,156
Net current assets
| Total assets less current liabilities |
371,610
390,410
371,610
Net assets
390,410
100
3
100
371,510
390,310
371,610
390,410
Shareholders funds
| For the year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The director acknowledges his 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. |
| Date approved by the board: 31 January 2017 |
| Signed on behalf of the board of directors |
2 of 4
5
| Notes to the Abbreviated Financial Statements |
J W Kelly Limited
For the year ended 31 October 2016
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
| by the shareholders prior to the balance sheet date. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Motor Vehicles
| No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected |
| useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
| would be immaterial. The directors undertake an annual impairment review of these properties. |
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Debtors include amounts recoverable on long term contracts which are stated at the net sales value of the work done after provision for contingencies and any anticipated future losses on contracts, less amounts received as progress payments on account. Any excess progress payments are included in creditors as payments on account. |
3 of 4
6
| Notes to the Abbreviated Financial Statements |
J W Kelly Limited
For the year ended 31 October 2016
149,513
116
149,629
5,559
616
Charge for year
6,175
143,454
143,954
| Allotted called up and fully paid |
2016
2015
| 100 Class A shares of £1.00 each |
100
100
100
100
4 of 4
