Company Registration No. 6309939 (England and Wales)
Kieran McDaid Ltd
Unaudited accounts
for the year ended 5 April 2017
Kieran McDaid Ltd
Unaudited accounts
Contents
Kieran McDaid Ltd
Company Information
for the year ended 5 April 2017
Company Number
6309939 (England and Wales)
Accountants
Smeaton & Holmes Ltd
Market Street House
72 Market Street
Dalton-in-Furness
Cumbria
LA15 8AA
Kieran McDaid Ltd
Statement of financial position
as at
5 April 2017
Tangible assets
3,965
5,288
Cash at bank and in hand
219
234
Creditors: amounts falling due within one year
(13,029)
(5,912)
Net current liabilities
(10,785)
(1,478)
Total assets less current liabilities
(6,820)
3,810
Creditors: amounts falling due after more than one year
-
(12,604)
Net liabilities
(6,820)
(8,794)
Called up share capital
1
1
Profit and loss account
(6,821)
(8,795)
Shareholders' funds
(6,820)
(8,794)
For the year ending 5 April 2017 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 15 December 2017.
Mr K McDaid
Director
Company Registration No. 6309939
Kieran McDaid Ltd
Notes to the Accounts
for the year ended 5 April 2017
Kieran McDaid Ltd is a private company, limited by shares, registered in England and Wales, registration number 6309939.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 5 April 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 6 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 6 April 2016
9,581
4,750
60
14,391
At 5 April 2017
9,581
4,750
60
14,391
At 6 April 2016
4,739
4,314
50
9,103
Charge for the year
1,211
109
3
1,323
At 5 April 2017
5,950
4,423
53
10,426
At 5 April 2017
3,631
327
7
3,965
At 5 April 2016
4,842
436
10
5,288
Kieran McDaid Ltd
Notes to the Accounts
for the year ended 5 April 2017
Other debtors
2,025
4,200
6
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
11,018
-
Trade creditors
484
3,626
Taxes and social security
819
-
Loans from directors
708
2,156
7
Creditors: amounts falling due after more than one year
2017
2016
8
Share capital
2017
2016
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 0 (2016: 0).