Company Registration No. 09824408 (England and Wales)
Keeley Green Designs Limited
Annual report and unaudited financial statements
For the period ended 31 March 2017
Pages for filing with registrar
55 L
oudoun Road
St J
ohn's Wood
Lon
don NW8 0DL
KEELEY GREEN DESIGNS LIMITED
Keeley Green Designs Limited
COMPANY INFORMATION
Director
K A Green
(Appointed 14 October 2015)
Secretary
K A Green
Company number
09824408
Registered office
55 Loudoun Road
St John's Wood
London
NW8 0DL
Accountants
MGR Weston Kay LLP
55 Loudoun Road
St John's Wood
London
NW8 0DL
KEELEY GREEN DESIGNS LIMITED
Keeley Green Designs Limited
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
KEELEY GREEN DESIGNS LIMITED
Keeley Green Designs Limited
BALANCE SHEET
AS AT
31 MARCH 2017
31 March 2017
- 1 -
2017
Notes
£
£
Fixed assets
Tangible assets
2
1,942
Current assets
Debtors
3
7,101
Cash at bank and in hand
44,398
51,499
Creditors: amounts falling due within one year
4
(37,108)
Net current assets
14,391
Total assets less current liabilities
16,333
Capital and reserves
Called up share capital
5
100
Profit and loss reserves
16,233
Total equity
16,333
The director of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial period ended 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
T he director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
he director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 .
he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and signed by the director and authorised for issue on 14 July 2017
K A Green
Director
Company Registration No. 09824408
KEELEY GREEN DESIGNS LIMITED
Keeley Green Designs Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2017
- 2 -
1
Accounting policies
Company information
Keeley Green Designs Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
55 Loudoun Road, St John's Wood, London, NW8 0DL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business , and is shown net of VAT and other sales related taxes . The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
KEELEY GREEN DESIGNS LIMITED
Keeley Green Designs Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2017
1
Accounting policies
(Continued)
- 3 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.6
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 14 October 2015
-
Additions
2,589
At 31 March 2017
2,589
Depreciation and impairment
At 14 October 2015
-
Depreciation charged in the period
647
At 31 March 2017
647
Carrying amount
At 31 March 2017
1,942
3
Debtors
2017
Amounts falling due within one year:
£
Other debtors
7,101
KEELEY GREEN DESIGNS LIMITED
Keeley Green Designs Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2017
- 4 -
4
Creditors: amounts falling due within one year
2017
£
Trade creditors
9,724
Amounts due to group undertakings
17,116
Corporation tax
3,769
Other taxation and social security
465
Other creditors
6,034
37,108
5
Called up share capital
2017
£
100 Ordinary share of £1 each
100