Company Registration No. 00608472 (England and Wales)
A. & B. KAYE (TEXTILES) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 2 NOVEMBER 2016
A. & B. KAYE (TEXTILES) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
A. & B. KAYE (TEXTILES) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
2 NOVEMBER 2016
02 November 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
131
164
Current assets
Stocks
21,535
22,425
Debtors
6,727
10,488
Cash at bank and in hand
68,765
60,180
97,027
93,093
Creditors: amounts falling due within one year
(21,077)
(25,549)
Net current assets
75,950
67,544
Total assets less current liabilities
76,081
67,708
Capital and reserves
Called up share capital
3
500
500
Other reserves
592
592
Profit and loss account
74,989
66,616
Shareholders'  funds
76,081
67,708
For the financial year ended 2 November 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 25 July 2017
Mr M D Kaye
Director
Company Registration No. 00608472
A. & B. KAYE (TEXTILES) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 2 NOVEMBER 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.

1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT.
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:
Fixtures, fittings and equipment
20% reducing balance
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 3 November 2015 & at 2 November 2016
7,845
Depreciation
At 3 November 2015
7,681
Charge for the year
33
At 2 November 2016
7,714
Net book value
At 2 November 2016
131
At 2 November 2015
164
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
500 Ordinary shares of £1 each
500
500
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