KJ NEWS LIMITED - Abbreviated accounts 16.3

KJ NEWS LIMITED - Abbreviated accounts 16.3


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REGISTERED NUMBER: 07901220 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

KJ NEWS LIMITED

KJ NEWS LIMITED (Registered number: 07901220)






Contents of the Abbreviated Accounts
for the Year Ended 31 May 2016




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 2016







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 2016

31.5.16 31.5.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,655 2,207

CURRENT ASSETS
Stocks 13,580 12,490
Debtors 6,420 6,370
Cash at bank and in hand 1,937 1,982
21,937 20,842
CREDITORS
Amounts falling due within one year 23,369 18,759
NET CURRENT (LIABILITIES)/ASSETS (1,432 ) 2,083
TOTAL ASSETS LESS CURRENT
LIABILITIES

223

4,290

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 123 4,190
SHAREHOLDERS' FUNDS 223 4,290

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 23 January 2017 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 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.

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 2015
and 31 May 2016 5,100
DEPRECIATION
At 1 June 2015 2,893
Charge for year 552
At 31 May 2016 3,445
NET BOOK VALUE
At 31 May 2016 1,655
At 31 May 2015 2,207

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.16 31.5.15
value: £    £   
100 Ordinary £1 100 100