KJ NEWS LIMITED - Limited company - abbreviated - 11.9

KJ NEWS LIMITED - Limited company - abbreviated - 11.9


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REGISTERED NUMBER: 07901220 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 May 2015

for

KJ NEWS LIMITED

KJ NEWS LIMITED (Registered number: 07901220)






Contents of the Abbreviated Accounts
for the Year Ended 31 May 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

KJ NEWS LIMITED

Company Information
for the Year Ended 31 May 2015







DIRECTORS: K K K Pang
J K W Pang





REGISTERED OFFICE: 54 Guildford Road
Lightwater
Surrey
GU18 5SD





REGISTERED NUMBER: 07901220 (England and Wales)





ACCOUNTANTS: WITNEY & CO LTD
Ground Floor
39 Guildford Road
Lightwater
Surrey
GU18 5SA

KJ NEWS LIMITED (Registered number: 07901220)

Abbreviated Balance Sheet
31 May 2015

31.5.15 31.5.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2,207 2,943

CURRENT ASSETS
Stocks 12,490 13,410
Debtors 6,370 6,145
Cash at bank and in hand 1,982 3,652
20,842 23,207
CREDITORS
Amounts falling due within one year 18,759 17,160
NET CURRENT ASSETS 2,083 6,047
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,290

8,990

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 4,190 8,890
SHAREHOLDERS' FUNDS 4,290 8,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 8 January 2016 and were signed on its behalf by:



J K W Pang - Director



K K K Pang - Director


KJ NEWS LIMITED (Registered number: 07901220)

Notes to the Abbreviated Accounts
for the Year Ended 31 May 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2014
and 31 May 2015 5,100
DEPRECIATION
At 1 June 2014 2,157
Charge for year 736
At 31 May 2015 2,893
NET BOOK VALUE
At 31 May 2015 2,207
At 31 May 2014 2,943

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.15 31.5.14
value: £    £   
100 Ordinary £1 100 100