Keisho Limited - Period Ending 2014-02-28

Registration number: 07040715

Keisho Limited

Unaudited Abbreviated Accounts

for the Year Ended 28 February 2014
 

Japanese Financial Solutions Limited
Unit 1
5 Baldwin Street
London
EC1V 9NU

Keisho Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Keisho Limited
(Registration number: 07040715)
Abbreviated Balance Sheet at 28 February 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					625			937
Current assets
Stocks					55			55
Debtors					-			185
Cash at bank and in hand					43,357			84,706
					43,412			84,946
Creditors: Amounts falling due within one year					(30,869)			(34,021)
Net current assets					12,543			50,925
Net assets					13,168			51,862
Capital and reserves
Called up share capital		3			147,890			147,890
Profit and loss account					(134,722)			(96,028)
Shareholders' funds					13,168			51,862

For the year ending 28 February 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 director acknowledges her 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 director on 30 July 2014

.........................................
Ms Keiko Takenoshita
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Keisho Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 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 the total invoice value of sales made during the period and derives from the provision of goods and services falling within the company's ordinary activities.

Depreciation

Tangible fixed assets are stated at cost less accumlated depreciation and accumulated impairment losses.

Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost or valuation, less estimated residual value based on prices prevailing at the date of acquisition or revaluation, of each asset evenly over its expected useful life, as follows:

Asset class	Depreciation method and rate
	4 years straight line

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions: Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold; Provision is made for deferred tax that would arise on remittance of the retained earnings of overseas subsidiaries, associates and joint ventures only to the extent that, at the balance sheet date, dividends have been accrued as receivable; Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Keisho Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 March 2013		1,249			1,249
At 28 February 2014		1,249			1,249
Depreciation
At 1 March 2013		312			312
Charge for the year		312			312
At 28 February 2014		624			624
Net book value
At 28 February 2014		625			625
At 28 February 2013		937			937

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		147,890			147,890			147,890			147,890

4

Control

The company is controlled by Keisho co. Ltd, which is the parent company, incorporated in Japan, and which owns 100% of the issued share capital of this company..

Page 3