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Abbreviated Unaudited Accounts for the Year Ended 30 June 2015 |
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J. Kemp Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 30 June 2015 |
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for |
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J. Kemp Limited |
J. Kemp Limited (Registered number: 02645428) |
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Contents of the Abbreviated Accounts |
for the Year Ended 30 June 2015 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
J. Kemp Limited |
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Company Information |
for the Year Ended 30 June 2015 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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CHARTERED ACCOUNTANTS |
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J. Kemp Limited (Registered number: 02645428) |
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Abbreviated Balance Sheet |
30 June 2015 |
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30.6.15 | 30.6.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investment property | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | ( |
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ACCRUALS AND DEFERRED INCOME | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
J. Kemp Limited (Registered number: 02645428) |
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Abbreviated Balance Sheet - continued |
30 June 2015 |
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The financial statements were approved by the director on
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J. Kemp Limited (Registered number: 02645428) |
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Notes to the Abbreviated Accounts |
for the Year Ended 30 June 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
2008). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Improvements to property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
market value is transferred to a revaluation reserve. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
J. Kemp Limited (Registered number: 02645428) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 June 2015 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 July 2014 |
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Additions |
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Disposals | ( |
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At 30 June 2015 |
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DEPRECIATION |
At 1 July 2014 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 June 2015 |
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NET BOOK VALUE |
At 30 June 2015 |
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At 30 June 2014 |
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3. | INVESTMENT PROPERTY |
Total |
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COST OR VALUATION |
At 1 July 2014 |
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Disposals | ( |
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At 30 June 2015 |
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NET BOOK VALUE |
At 30 June 2015 |
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At 30 June 2014 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.15 | 30.6.14 |
value: | £ | £ |
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Ordinary | £1 |
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J. Kemp Limited (Registered number: 02645428) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 June 2015 |
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5. | RELATED PARTY DISCLOSURES |
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The company is controlled by Mr J Kemp (director) by virtue of his 100% shareholding. |
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The company operates from premises owned by the director on a rent free basis. |
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Other creditors includes £574 (2014 - £58,147) due to J Kemp, the director. No interest is charged nor are there |
any specific repayment terms. |
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Red Lion (Trimdon) Ltd is a company under common ownership |
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Transactions with Red Lion (Trimdon) Ltd in the year were as follows:- |
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2015 | 2014 |
£ | £ |
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Rents charged by J. Kemp Ltd | - | 3,000 |
Management charge charged to J. Kemp Ltd | - | (7,200 | ) |
Bad debts | 15,776 |
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During the year a property formerly known as the Red Lion was sold to J R Kemp (director) for £64,000. This |
was considered to be market value. |