Keith Round Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04027266 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

KEITH ROUND LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

K A Round

SECRETARY:

Mrs J E Round

REGISTERED OFFICE:

232 Sladepool Farm Road

Birmingham

B14 5EE

BUSINESS ADDRESS:

Leycester Close

West Heath

Birmingham

B31 4SS

REGISTERED NUMBER:

04027266 (England and Wales)

ACCOUNTANTS:

Clive Shedd & Co

Chartered Accountants

232 Sladepool Farm Road

Birmingham

B14 5EE

CURRENT ASSETS

Debtors

6

22,883

10,534

Cash at bank

35,592

56,839

58,475

67,373

CREDITORS

Amounts falling due within one year

7

56,709

41,082

NET CURRENT ASSETS

1,766

26,291

TOTAL ASSETS LESS CURRENT LIABILITIES

1,766

26,291

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

1,666

26,191

SHAREHOLDERS' FUNDS

1,766

26,291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director on 27 December 2017 and were signed by:

K A Round - Director

1.	STATUTORY INFORMATION

Keith Round 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

In preparing these financial statements the company's management make judgements, estimates and assumptions

that affect the amounts reported for assets and liabilities at the statement of financial position date and the

amounts reported in the income statement for the year under review.

The nature of estimates means that the actual outcome could differ and the company's management consider

there are no estimates or assumptions that have a significant risk of causing a material adjustment to the amounts

reported for assets and liabilities within the next financial year.

Turnover

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

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost

Tangible fixed assets are initially recorded at cost.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the

current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax

rates and laws that have been enacted or substantively enacted by the statement of financial position date.

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

statement of financial position date.

Financial instruments

Basic financial assets, including trade and other debtors and cash at bank, are initially recognised at transaction

price and are subsequently measured at amortised cost. Basic financial liabilities, including trade and other

creditors, are initially recognised at transaction price and are subsequently measured at amortised cost.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees

are entitled are recognised at the amount expected to be paid in exchange for that service.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

672

DEPRECIATION

At 1 April 2016

and 31 March 2017

672

NET BOOK VALUE

At 31 March 2017

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

22,883

9,619

Other debtors

-

915

22,883

10,534

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

19,331

9,163

Taxation and social security

1,658

3,577

Other creditors

31,912

25,497

Accruals and deferred income

3,808

2,845

56,709

41,082

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100