Company Registration No. 6326817 (England and Wales)
KENNETH GRAY LEGAL TRAINING LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2016
KENNETH GRAY LEGAL TRAINING LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
KENNETH GRAY LEGAL TRAINING LTD
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
3,970
4,219
Tangible assets
2
166
221
4,136
4,440
Current assets
Debtors
15,475
1,001
Cash at bank and in hand
2,571
1,903
18,046
2,904
Creditors: amounts falling due within one year
(19,602)
(7,214)
Net current liabilities
(1,556)
(4,310)
Total assets less current liabilities
2,580
130
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
2,578
128
Shareholders' funds
2,580
130
For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 18 April 2017
Mr K Gray
Mr T Robinson
Director
Director
Company Registration No. 6326817
KENNETH GRAY LEGAL TRAINING LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% per annum on a reducing balance basis
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 August 2015 & at 31 July 2016
4,965
295
5,260
Depreciation
At 1 August 2015
746
74
820
Charge for the year
249
55
304
At 31 July 2016
995
129
1,124
Net book value
At 31 July 2016
3,970
166
4,136
At 31 July 2015
4,219
221
4,440
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2
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