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REGISTERED NUMBER: 04869189 (England and Wales)















PHILIP KERR LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016






PHILIP KERR LIMITED (REGISTERED NUMBER: 04869189)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PHILIP KERR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTOR: C Kerr





SECRETARY: B Garfield





REGISTERED OFFICE: 29 Embry Way
Stanmore
Middlesex
HA7 3AY





REGISTERED NUMBER: 04869189 (England and Wales)





ACCOUNTANTS: Joseph Kahan Associates LLP
Chartered Accountants
923 Finchley Road
London
NW11 7PE

PHILIP KERR LIMITED (REGISTERED NUMBER: 04869189)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2016

2016 2015
Notes £    £   
CURRENT ASSETS
Stocks 4 200 100
Debtors 5 15,793 11,423
Cash at bank 12,902 19,190
28,895 30,713
CREDITORS
Amounts falling due within one year 6 28,864 30,678
NET CURRENT ASSETS 31 35
TOTAL ASSETS LESS CURRENT
LIABILITIES

31

35

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 30 34
SHAREHOLDERS' FUNDS 31 35

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a) ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 3 May 2017 and were signed by:





C Kerr - Director


PHILIP KERR LIMITED (REGISTERED NUMBER: 04869189)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016


1. STATUTORY INFORMATION

Philip Kerr Limited is a private company, limited by shares , registered in England and Wales. The company's registered
number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added
tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent
that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or
substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of
financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted
or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4. STOCKS
2016 2015
£    £   
Stocks 200 100

PHILIP KERR LIMITED (REGISTERED NUMBER: 04869189)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 15,676 11,423
VAT 117 -
15,793 11,423

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 2,655 1,745
Tax 744 1,638
VAT - 747
Director's current account 24,865 25,948
Accrued expenses 600 600
28,864 30,678

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary £1 1 1

8. RESERVES
Retained
earnings
£   

At 1 January 2016 34
Profit for the year 2,996
Dividends (3,000 )
At 31 December 2016 30

9. ULTIMATE CONTROLLING PARTY

The controlling party is C Kerr.