Abbreviated Company Accounts - KEY ACCOUNTANTS MIDLANDS LTD

Abbreviated Company Accounts - KEY ACCOUNTANTS MIDLANDS LTD

KEY ACCOUNTANTS MIDLANDS LTD - Company Information

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Registered Number 06528627

KEY ACCOUNTANTS MIDLANDS LTD

Abbreviated Accounts

31 March 2014

KEY ACCOUNTANTS MIDLANDS LTD Registered Number 06528627

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 26,125 47,214
Tangible assets 3 1,724 1,583
27,849 48,797
Current assets
Debtors 36,165 31,872
Cash at bank and in hand 9,105 8,930
45,270 40,802
Creditors: amounts falling due within one year (61,459) (73,905)
Net current assets (liabilities) (16,189) (33,103)
Total assets less current liabilities 11,660 15,694
Creditors: amounts falling due after more than one year (9,940) (1,254)
Provisions for liabilities (345) (315)
Total net assets (liabilities) 1,375 14,125
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,275 14,025
Shareholders' funds 1,375 14,125
  • 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 30 December 2014

And signed on their behalf by:
CLAIRE CARLIN, Director

KEY ACCOUNTANTS MIDLANDS LTD Registered Number 06528627

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Computer equipment 33% straight line
Office furniture 25% reducing balance

Intangible assets amortisation policy
Amortised over the life of the asset 5 years

2Intangible fixed assets
£
Cost
At 1 April 2013 68,454
Additions 110
Disposals (17,928)
Revaluations -
Transfers -
At 31 March 2014 50,636
Amortisation
At 1 April 2013 21,240
Charge for the year 5,064
On disposals (1,793)
At 31 March 2014 24,511
Net book values
At 31 March 2014 26,125
At 31 March 2013 47,214
3Tangible fixed assets
£
Cost
At 1 April 2013 4,455
Additions 1,275
Disposals -
Revaluations -
Transfers -
At 31 March 2014 5,730
Depreciation
At 1 April 2013 2,872
Charge for the year 1,134
On disposals -
At 31 March 2014 4,006
Net book values
At 31 March 2014 1,724
At 31 March 2013 1,583