Key Lime PR & Marketing Limited - Abbreviated accounts 16.1

KEY LIME PR & MARKETING LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH JUNE 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTORS:

A C Mills

K J Brooks

SECRETARY:

A C Mills

REGISTERED OFFICE:

Charter House

103-105 Leigh Road

Leigh-on-Sea

Essex

SS9 1JL

REGISTERED NUMBER:

06609583

ACCOUNTANTS:

Clouders

Chartered Certified Accountants

Charter House

103-105 Leigh Road

Leigh-on-Sea

Essex

SS9 1JL

FIXED ASSETS

Tangible assets

2

52,596

68,405

CURRENT ASSETS

Debtors

132,676

70,803

Cash at bank and in hand

8,751

10,545

141,427

81,348

CREDITORS

Amounts falling due within one year

224,339

187,636

NET CURRENT LIABILITIES

(82,912

)

(106,288

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(30,316

)

(37,883

)

CREDITORS

Amounts falling due after more than one
year

22,978

40,790

NET LIABILITIES

(53,294

)

(78,673

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(53,394

)

(78,773

)

SHAREHOLDERS' FUNDS

(53,294

)

(78,673

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 15th March 2017 and were signed on
its behalf by:

A C Mills - Director

K J Brooks - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been drawn up on the going concern basis as the company's directors have agreed

to continue to support the company for at least one year from the balance sheet date.

If the going concern basis was not appropriate, adjustments would have to be made to reduce the

value of assets to their recoverable amount, to provide for any further liabilities that might arise and to

reclassify fixed assets as current assets and long term liabilities as current liabilities.

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 January 2015).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

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

the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is

the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2015

96,370

Additions

1,418

At 30th June 2016

97,788

DEPRECIATION

At 1st July 2015

27,965

Charge for year

17,227

At 30th June 2016

45,192

NET BOOK VALUE

At 30th June 2016

52,596

At 30th June 2015

68,405

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages two to five) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30th June 2016 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Clouders

Chartered Certified Accountants

Charter House

103-105 Leigh Road

Leigh-on-Sea

Essex

SS9 1JL

15th March 2017