E.F Kerin & Sons Ltd - Period Ending 2014-03-31

Registration number: 07951652

E.F Kerin & Sons Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Critchleys LLP
Chartered Accountants
Greyfriars Court
Paradise Square
Oxford
OX1 1BE

E.F Kerin & Sons Ltd
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

E.F Kerin & Sons Ltd - Registration number: 07951652
at 31 March 2014

		Note			31 March 2014						31 March 2013
	£			£			£			£
Fixed assets
Tangible fixed assets		2						2,521						2,133
Current assets
Stocks					1,500						1,500
Debtors					60,326						38,801
Cash at bank and in hand					41,921						44,423
					103,747						84,724
Creditors: Amounts falling due within one year					(81,319)						(75,893)
Net current assets								22,428						8,831
Net assets								24,949						10,964
Capital and reserves
Called up share capital		3			100						100
Profit and loss account					24,849						10,864
Shareholders' funds								24,949						10,964

For the year ending 31 March 2014 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.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 December 2014 and signed on its behalf by:

.........................................
J R Kerin
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
  Page 1

E.F Kerin & Sons Ltd - Registration number: 07951652
at 31 March 2014
......... continued

.........................................
K Kerin
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
  Page 2

E.F Kerin & Sons Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Fixtures and fittings	25% reducing balance
Office equipment	25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		2,845			2,845
Additions		1,228			1,228
At 31 March 2014		4,073			4,073
Depreciation
At 1 April 2013		712			712
Charge for the year		840			840
At 31 March 2014		1,552			1,552
Net book value
At 31 March 2014		2,521			2,521
At 31 March 2013		2,133			2,133

Page 3

E.F Kerin & Sons Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	31 March 2014						31 March 2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

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