Registered number
04423234
A G KELLY LTD
Abbreviated Accounts
30 September 2015
A G KELLY LTD
Registered number: 04423234
Abbreviated Balance Sheet
as at 30 September 2015
Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 - 1,808
Tangible assets 3 5,908 17,355
5,908 19,163
Current assets
Debtors 20,582 62,264
Cash at bank and in hand 83,411 21,060
103,993 83,324
Creditors: amounts falling due within one year (15,600) (15,148)
Net current assets 88,393 68,176
Net assets 94,301 87,339
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 94,201 87,239
Shareholder's funds 94,301 87,339
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
ANTHONY KELLY
Director
Approved by the board on 24 March 2016
A G KELLY LTD
Notes to the Abbreviated Accounts
for the year ended 30 September 2015
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year,
exclusive of Value Added Tax.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% reducing balance
Motor vehicles 20% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impaired of intangible assets is reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
2 Intangible fixed assets £
Cost
At 1 October 2014 18,035
At 30 September 2015 18,035
Amortisation
At 1 October 2014 16,227
Provided during the year 1,808
At 30 September 2015 18,035
Net book value
At 30 September 2015 -
At 30 September 2014 1,808
3 Tangible fixed assets £
Cost
At 1 October 2014 33,052
Additions 430
Disposals (13,000)
At 30 September 2015 20,482
Depreciation
At 1 October 2014 15,697
Charge for the year 1,477
On disposals (2,600)
At 30 September 2015 14,574
Net book value
At 30 September 2015 5,908
At 30 September 2014 17,355
4 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
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