Kean Lanyon Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 04971803 (England and Wales)

Financial Statements for the Year Ended 31 December 2016

for

Kean Lanyon Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I M Lanyon

Miss S E Kean

SECRETARY:

Miss S E Kean

REGISTERED OFFICE:

61 Rodney Street

Liverpool

Merseyside

L1 9ER

REGISTERED NUMBER:

04971803 (England and Wales)

ACCOUNTANTS:

Alexander Myerson & Co Limited

Alexander House

61 Rodney Street

Liverpool

Merseyside

L1 9ER

FIXED ASSETS

Intangible assets

4

6,971

7,946

Tangible assets

5

1,405

8,463

8,376

16,409

CURRENT ASSETS

Debtors

60

757

Cash at bank

14,492

27,915

14,552

28,672

CREDITORS

Amounts falling due within one year

13,661

18,883

NET CURRENT ASSETS

891

9,789

TOTAL ASSETS LESS CURRENT LIABILITIES

9,267

26,198

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

9,167

26,098

SHAREHOLDERS' FUNDS

9,267

26,198

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 23 June 2017 and were signed on its behalf by:

Miss S E Kean - Director

I M Lanyon - Director

1.	STATUTORY INFORMATION

Kean Lanyon Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2016

and 31 December 2016

19,500

AMORTISATION

At 1 January 2016

11,554

Amortisation for year

975

At 31 December 2016

12,529

NET BOOK VALUE

At 31 December 2016

6,971

At 31 December 2015

7,946

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2016

33,399

Additions

1,338

Disposals

(18,940

)

At 31 December 2016

15,797

DEPRECIATION

At 1 January 2016

24,936

Charge for year

405

Eliminated on disposal

(10,949

)

At 31 December 2016

14,392

NET BOOK VALUE

At 31 December 2016

1,405

At 31 December 2015

8,463

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.16

31.12.15

value:

£

£

100

Ordinary

£1

100

100

7.	RELATED PARTY DISCLOSURES

8.	ULTIMATE CONTROLLING PARTY