Abbreviated Company Accounts - KJ (88) LIMITED

08586819 KJ (88) LIMITED 2014-06-30 false 2013-06-26 2014-06-30 true 08586819 2013-06-26 2014-06-30 08586819 2014-06-30 08586819 uk-gaap-cd-bus:Director1 2013-06-26 2014-06-30 08586819 uk-gaap-cd-bus:Director2 2013-06-26 2014-06-30 uk-gaap-cd-bus:Director3 2013-06-26 2014-06-30 uk-gaap-cd-bus:Director3 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-26 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 08586819

KJ (88) LIMITED

Abbreviated Accounts

30 June 2014

KJ (88) LIMITED Registered Number 08586819

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014
		£
Current assets
Stocks		1,572
Debtors		140
Cash at bank and in hand		6,691
		8,403
Creditors: amounts falling due within one year		(8,296)
Net current assets (liabilities)		107
Total assets less current liabilities		107
Total net assets (liabilities)		107
Capital and reserves
Called up share capital	2	10
Profit and loss account		97
Shareholders' funds		107

For the year ending 30 June 2014 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 4 August 2014

And signed on their behalf by:
Wing Kit Chung, Director

KJ (88) LIMITED Registered Number 08586819

Notes to the Abbreviated Accounts for the period ended 30 June 2014

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 the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Other accounting policies
Stocks
Stock and work in progress are valued at the lower of cost and and net realisable value, after due regard for obsolete and slow moving stocks

Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.

2Called Up Share Capital
Allotted, called up and fully paid:

	2014 £
10 Ordinary shares of £1 each	10

3Transactions with directors

Name of director receiving advance or credit:	Wing Kit Chung
Description of the transaction:	Related Party Transactions
Balance at 26 June 2013:	-
Advances or credits made:	£ 347
Advances or credits repaid:	-
Balance at 30 June 2014:	£ 347

The director does not have any material interest, direct or indirect, in any contract entered into by the company.
Amount owned to director Wing Kit Chung, as at 30th June 2014 is £347.