Registered Number 05200831


Abbreviated Accounts

31 August 2015

KEYCUT SERVICES LIMITED Registered Number 05200831

Abbreviated Balance Sheet as at 31 August 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 25,227 37,073
25,227 37,073
Current assets
Stocks 27,375 30,375
Debtors 3,196 9,226
Cash at bank and in hand 15,440 8,462
46,011 48,063
Creditors: amounts falling due within one year (40,694) (27,542)
Net current assets (liabilities) 5,317 20,521
Total assets less current liabilities 30,544 57,594
Creditors: amounts falling due after more than one year (24,977) (51,106)
Total net assets (liabilities) 5,567 6,488
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 5,467 6,388
Shareholders' funds 5,567 6,488
  • For the year ending 31 August 2015 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 May 2016

And signed on their behalf by:
R F Stoddart, Director

KEYCUT SERVICES LIMITED Registered Number 05200831

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Other accounting policies
Going concern
The accounts have been prepared on the going concern basis.The operation of the company is dependent on the continued support of the director. The director is confident he will be able to raise the funds necessary to continue the company's operations for not less than one year from the date of approval of these accounts.

2 Tangible fixed assets
At 1 September 2014 106,822
Additions -
Disposals (6,937)
Revaluations -
Transfers -
At 31 August 2015 99,885
At 1 September 2014 69,749
Charge for the year 11,456
On disposals (6,547)
At 31 August 2015 74,658
Net book values
At 31 August 2015 25,227
At 31 August 2014 37,073
3 Called Up Share Capital
Allotted, called up and fully paid:
100 Ordinary shares of £1 each 100 100



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