Kempston Radiators Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04566629 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

KEMPSTON RADIATORS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr S A Shoosmith

Mr A J Shoosmith

Mr R G S Shoosmith

SECRETARY:

Mr S A Shoosmith

REGISTERED OFFICE:

46-48 Rothesay Road

Luton

Bedfordshire

LU1 1QZ

REGISTERED NUMBER:

04566629 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

Prospero House

46-48 Rothesay Road

Luton

Bedfordshire

LU1 1QZ

FIXED ASSETS

Tangible assets

2

153,513

177,053

CURRENT ASSETS

Stocks

32,367

34,708

Debtors

600,368

630,849

Cash at bank and in hand

291,243

132,705

923,978

798,262

CREDITORS

Amounts falling due within one year

479,557

428,981

NET CURRENT ASSETS

444,421

369,281

TOTAL ASSETS LESS CURRENT LIABILITIES

597,934

546,334

CREDITORS

Amounts falling due after more than one year

-

1,644

NET ASSETS

597,934

544,690

CAPITAL AND RESERVES

Called up share capital

3

3

3

Profit and loss account

597,931

544,687

SHAREHOLDERS' FUNDS

597,934

544,690

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 1 September 2014 and were signed on its behalf by:

Mr A J Shoosmith - Director

1.	ACCOUNTING POLICIES

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods and services, 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.

Improvements to property

-

10% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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

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 1 April 2013

339,720

Additions

3,072

At 31 March 2014

342,792

DEPRECIATION

At 1 April 2013

162,667

Charge for year

26,612

At 31 March 2014

189,279

NET BOOK VALUE

At 31 March 2014

153,513

At 31 March 2013

177,053

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

3

Ordinary

1

3

3