Company Registration No. 05673063 (England and Wales)
KEIMA LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2016
KEIMA LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
KEIMA LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JANUARY 2016
31 January 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
12,442
10,550
Investments
2
619
619
13,061
11,169
Current assets
Debtors
124,180
143,519
Cash at bank and in hand
435,097
287,343
559,277
430,862
Creditors: amounts falling due within one year
(269,334)
(178,562)
Net current assets
289,943
252,300
Total assets less current liabilities
303,004
263,469
303,004
263,469
Capital and reserves
Called up share capital
3
40
40
Other reserves
67
67
Profit and loss account
302,897
263,362
Shareholders' funds
303,004
263,469
For the financial year ended 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 14 October 2016
Mr B Leck
Director
Company Registration No. 05673063
KEIMA LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts, and is recognised as the contract is fulfilled.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
Multiple rates used at 25%, 33% and 50% straight line
Fixtures, fittings & equipment
25% straight line
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
KEIMA LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2016
- 3 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 February 2015
29,374
619
29,993
Additions
8,526
-
8,526
At 31 January 2016
37,900
619
38,519
Depreciation
At 1 February 2015
18,823
-
18,823
Charge for the year
6,635
-
6,635
At 31 January 2016
25,458
-
25,458
Net book value
At 31 January 2016
12,442
619
13,061
At 31 January 2015
10,550
619
11,169
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Keima Technologies Inc.
USA
Ordinary
100.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
Keima Technologies Inc.
Software consultancy
(9,014)
4,146
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
40 Ordinary shares of £1 each
40
40