Keenan & Burke Consultancy Ltd - Period Ending 2017-04-30

Registration number: 03367494

Keenan & Burke Consultancy Ltd

Annual Report and Unaudited Financial Statements
 
for the period from 1 November 2015 to 30 April 2017

Rachel Keenan & Co. Limited
16 Thornfield Hey
Spital
Wirral
CH63 9JT

Keenan & Burke Consultancy Ltd

Contents

Directors' Report	1
Profit and Loss Account	2
Balance Sheet	3
Notes to the Financial Statements	4 to 7

Keenan & Burke Consultancy Ltd

Directors' Report for the period from 1 November 2015 to 30 April 2017

The directors present their report and the unaudited financial statements for the period from 1 November 2015 to 30 April 2017.

Directors of the company

The directors who held office during the period were as follows:

Mr Terence Michael Keenan

Dr Peter Leeson Burke

Dr Barbara Burke

Mrs Jackie Keenan - Company secretary and director

Small company provisions statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Board on 21 January 2018 and signed on its behalf by:

.........................................
Mr Terence Michael Keenan
Director

Page 1

Keenan & Burke Consultancy Ltd

Profit and Loss Account for the Period from 1 November 2015 to 30 April 2017

	Note	1 November 2015 to 30 April 2017  £	Year ended 31 October 2015  £
Turnover		5,008	10,610
Cost of sales		(701)	(1,485)
Gross profit		4,307	9,125
Administrative expenses		(2,714)	(4,278)
Operating profit		1,593	4,847
Interest payable and similar charges		(21)	-
Profit on ordinary activities before taxation		1,572	4,847
Tax on profit on ordinary activities	2	(356)	(969)
Profit for the financial period	8	1,216	3,878

Turnover and operating profit derive wholly from continuing operations.

The notes on pages 4 to 7 form an integral part of these financial statements.
Page 2

Keenan & Burke Consultancy Ltd

(Registration number: 03367494)
Balance Sheet as at 30 April 2017

	Note	30 April 2017  £	31 October 2015  £
Fixed assets
Tangible assets	3	1	1
Current assets
Debtors	4	-	9,334
Cash at bank and in hand		3,293	3,923
		3,293	13,257
Creditors: Amounts falling due within one year	5	(1,056)	(4,235)
Net current assets		2,237	9,022
Net assets		2,238	9,023
Capital and reserves
Called up share capital	6	1,000	1,000
Profit and loss account	8	1,238	8,023
Shareholders' funds		2,238	9,023

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (Effective 2015).

For the period ending 30 April 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 21 January 2018 and signed on its behalf by:

.........................................
Mr Terence Michael Keenan
Director

The notes on pages 4 to 7 form an integral part of these financial statements.
Page 3

Keenan & Burke Consultancy Ltd

Notes to the Financial Statements

1

Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) (effective January 2015).

Turnover

Turnover represents amounts chargeable, inclusive of value added tax, in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

2

Taxation

Tax on profit on ordinary activities

	1 November 2015 to 30 April 2017  £	Year ended 31 October 2015  £
Current tax
Corporation tax charge	356	969

Page 4

Keenan & Burke Consultancy Ltd

Notes to the Financial Statements

3

Tangible fixed assets

	Fixtures and fittings £	Office equipment £	Total £
Cost
At 1 November 2015	3,415	27,717	31,132
At 30 April 2017	3,415	27,717	31,132
Depreciation
At 1 November 2015	3,415	27,716	31,131
At 30 April 2017	3,415	27,716	31,131
Net book value
At 30 April 2017	-	1	1
At 31 October 2015	-	1	1

4

Debtors

	30 April 2017  £	31 October 2015  £
Trade debtors	-	3,488
Directors current accounts	-	5,846
	-	9,334

5

Creditors: Amounts falling due within one year

	30 April 2017  £	31 October 2015  £
Trade creditors	-	493
Corporation tax	357	2,691
Other taxes and social security	-	291
Directors' current accounts	699	-
Other creditors	-	10
Accruals and deferred income	-	750
	1,056	4,235

Page 5

Keenan & Burke Consultancy Ltd

Notes to the Financial Statements

6

Share capital

Allotted, called up and fully paid shares

	30 April 2017		31 October 2015
	No.	£	No.	£
Ordinary of £1 each	1,000	1,000	1,000	1,000

7

Dividends

	30 April 2017  £
Dividends paid
Prior year final dividend paid	8,000

8

Reserves

	Profit and loss account £	Total £
At 1 November 2015	8,022	8,022
Profit for the period	1,216	1,216
Dividends	(8,000)	(8,000)
At 30 April 2017	1,238	1,238

9

Related party transactions

Transactions with directors

2015	At 1 November 2014 £	Advances to directors £	Repayments by director £	Other payments made to company by director £	At 31 October 2015 £
Dr Peter Leeson Burke
Amount due from related party at the balance sheet date	(332)	5,846	332	-	5,846

Page 6

Keenan & Burke Consultancy Ltd

Notes to the Financial Statements

Dividends paid to directors

	2017 £	2015 £
Mr Terence Michael Keenan
Ordinary dividend	80	20
Dr Barbara Burke
Ordinary dividend	2,000	500
Dr Peter Leeson Burke
Ordinary dividend	2,000	500
Mrs Jackie Keenan
Ordinary dividend	3,920	980

10

Control

The directors are the controlling party by virtue of their controlling shareholding in the company. The ultimate controlling party is the same as the controlling party.

Page 7