Key Accountants Midlands Limited
|
Registered Number
:
06528627
|
For the year ended 31 March 2018
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2018
Key Accountants Midlands Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Key Accountants Midlands Limited
Statement of Financial Position
2017
2018
Property
,
plant and equipment
|
90
1,495
3
62,857
100,000
4
100,090
64,352
Trade and other receivables
|
21,863
28,048
5
16,507
Cash and cash equivalents
|
33,423
61,471
38,370
Trade and other payables
:
amounts falling due within one
|
year
|
(95,707)
(141,857)
6
(57,337)
(80,386)
Net current liabilities
Total assets less current liabilities
|
19,704
7,015
(20)
(300)
Provisions for liabilities
|
19,684
Net assets
6,715
100
100
19,584
6,615
19,684
6,715
Shareholders' funds
For the year ended 31 March 2018 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 of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 28 December 2018 and were signed by:
|
The notes form part of these financial statements
|
1 of 4
For the year ended 31 March 2018
Key Accountants Midlands Limited
Notes to the Financial Statements
Statutory Information
Key Accountants Midlands Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
06528627
.
|
Principal place of business
:
|
Office 5 The Forest Rock Offices
Leicester Road
Whitwick
Leicestershire
LE67 5GQ
Office 5 The Forest Rock Offices
Leicester Road
Whitwick
Leicestershire
LE67 5GQ
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 5 years.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer equipment
Fixtures and fittings
2 of 4
For the year ended 31 March 2018
Key Accountants Midlands Limited
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
Goodwill
32,422
32,422
32,422
32,422
-
-
3
.
Property
,
plant and equipment
|
9,378
4,405
4,973
135
135
-
4,973
4,540
9,513
Provision for depreciation and impairment
|
7,883
4,112
3,771
Charge for year
1,540
338
1,202
9,423
4,450
4,973
-
90
90
1,202
293
1,495
3 of 4
For the year ended 31 March 2018
Key Accountants Midlands Limited
Notes to the Financial Statements Continued
4
.
Investments held as fixed assets
|
Shares in group and participating interests
|
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
5
.
Trade and other receivables
|
2017
2018
15,804
17,765
Amounts owed by group undertakings and participating interests
|
11,748
-
496
4,098
21,863
28,048
6
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
13,736
4,312
Amounts owed to group undertaking and undertaking in which the
|
company has a participating interest
|
-
6,391
Taxation and social security
|
22,346
23,551
105,775
61,453
141,857
95,707
4 of 4