Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
SKeyes Limited
Contents
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SKeyes Limited
(Registration number: 06039794)
Abbreviated Balance Sheet at 31 January 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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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 liabilities |
( |
( |
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Total assets less current liabilities |
( |
( |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
1
SKeyes Limited
(Registration number: 06039794)
Abbreviated Balance Sheet at 31 January 2016
......... continued
Approved by the director on
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Mrs K Patel
Director
2
SKeyes Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued
Accounting policies |
Basis of preparation
Going concern
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the directors that they will continue to give financial support to the company for twelve months from the date of signing these accounts.
On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above may not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustments to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Franchise fee |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Office equipment |
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Fixtures and fittings |
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Leasehold property |
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Stock
SKeyes Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued
Hire purchase and leasing
Financial instruments
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 February 2015 |
5,834 |
155,722 |
161,556 |
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Additions |
- |
395 |
395 |
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At 31 January 2016 |
5,834 |
156,117 |
161,951 |
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Depreciation |
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At 1 February 2015 |
5,834 |
136,010 |
141,844 |
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Charge for the year |
- |
4,905 |
4,905 |
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At 31 January 2016 |
5,834 |
140,915 |
146,749 |
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Net book value |
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At 31 January 2016 |
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At 31 January 2015 |
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Creditors |
Included in the creditors are the following amounts due after more than five years:
2016
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2015
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After more than five years by instalments |
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SKeyes Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Related party transactions |
Director's advances and credits |
2016 |
2016 |
2015 |
2015 |
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Mrs K Patel |
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- |
10,660 |
- |