KJM Systems Limited - Abbreviated accounts 16.1

KJM Systems Limited - Abbreviated accounts 16.1


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REGISTERED NUMBER: 03505899(England and Wales)















Abbreviated Accounts for the Year Ended 29 February 2016

for

KJM Systems Limited

KJM Systems Limited (Registered number: 03505899)






Contents of the Abbreviated Accounts
for the Year Ended 29 February 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

KJM Systems Limited

Company Information
for the Year Ended 29 February 2016







DIRECTOR: D Ross





SECRETARY: Mrs K J Ross





REGISTERED OFFICE: 15 Bishopdale
Mount Pleasant
Houghton-Le-Spring
Tyne and Wear
DH4 7SW





REGISTERED NUMBER: 03505899(England and Wales)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
ABERDEENSHIRE
AB41 9LJ

KJM Systems Limited (Registered number: 03505899)

Abbreviated Balance Sheet
29 February 2016

29.2.16 28.2.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 777 1,044

CURRENT ASSETS
Stocks 12,000 12,000
Debtors 5,960 14,400
Cash at bank 788 2,609
18,748 29,009
CREDITORS
Amounts falling due within one year 18,925 29,867
NET CURRENT LIABILITIES (177 ) (858 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

600

186

PROVISIONS FOR LIABILITIES 78 113
NET ASSETS 522 73

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 520 71
SHAREHOLDERS' FUNDS 522 73

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 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 director on 30 September 2016and were signed by:




D Ross- Director


KJM Systems Limited (Registered number: 03505899)

Notes to the Abbreviated Accounts
for the Year Ended 29 February 2016

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 January 2015).

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.

Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2015
and 29 February 2016 12,192
DEPRECIATION
At 1 March 2015 11,148
Charge for year 267
At 29 February 2016 11,415
NET BOOK VALUE
At 29 February 2016 777
At 28 February 2015 1,044

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.16 28.2.15
value: £    £   
2 Ordinary £1.00 2 2

KJM Systems Limited (Registered number: 03505899)

Notes to the Abbreviated Accounts - continued
for the Year Ended 29 February 2016

4. RELATED PARTY DISCLOSURES

During the year the director D. Ross advanced the company net amounts totalling £3,908. This amount remained
outstanding at 28.02.16 and is included within Other creditors in the notes to the accounts.

During the period the director D Ross received net dividends totalling £18,500 from the company.

5. ULTIMATE CONTROLLING PARTY

The controlling party is D Ross.