Abbreviated Company Accounts - JK CONSULTING & SERVICES LTD

JK CONSULTING & SERVICES LTD - Company Information

09120562 JK CONSULTING & SERVICES LTD 2016-07-31 false 2015-08-01 2016-07-31 true 09120562 2015-08-01 2016-07-31 09120562 2016-07-31 09120562 2015-07-31 09120562 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 09120562 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:Director3 2015-08-01 2016-07-31 uk-gaap-cd-bus:Director3 2016-07-31 uk-gaap-cd-bus:Director3 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 iso4217:GBP shares

Registered Number 09120562

JK CONSULTING & SERVICES LTD

Abbreviated Accounts

31 July 2016

JK CONSULTING & SERVICES LTD Registered Number 09120562

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	8,000	9,000
Tangible assets	3	9,591	1,804
		17,591	10,804
Current assets
Debtors		19,882	2,250
Cash at bank and in hand		34,460	37,800
		54,342	40,050
Creditors: amounts falling due within one year		(7,299)	(7,693)
Net current assets (liabilities)		47,043	32,357
Total assets less current liabilities		64,634	43,161
Creditors: amounts falling due after more than one year		(64,000)	(54,000)
Total net assets (liabilities)		634	(10,839)
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		534	(10,939)
Shareholders' funds		634	(10,839)

For the year ending 31 July 2016 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 25 April 2017

And signed on their behalf by:
Jitendar Kumar, Director

JK CONSULTING & SERVICES LTD Registered Number 09120562

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with applicable accounting standards.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Website development - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Office equipment - 25% reducing balance

Intangible assets amortisation policy
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and loss account over its estimated economic life.

2Intangible fixed assets

	£
Cost
At 1 August 2015	10,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	10,000
Amortisation
At 1 August 2015	1,000
Charge for the year	1,000
On disposals	-
At 31 July 2016	2,000
Net book values
At 31 July 2016	8,000
At 31 July 2015	9,000

3Tangible fixed assets

	£
Cost
At 1 August 2015	2,405
Additions	10,784
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	13,189
Depreciation
At 1 August 2015	601
Charge for the year	2,997
On disposals	-
At 31 July 2016	3,598
Net book values
At 31 July 2016	9,591
At 31 July 2015	1,804

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100

Mr Jitendar Kumar holds a controlling interest and 100% shareholding in the company.

5Transactions with directors

Name of director receiving advance or credit:	Jitendar Kumar
Description of the transaction:	Director Loan Account
Balance at 1 August 2015:	£ 54,000
Advances or credits made:	£ 10,000
Advances or credits repaid:	-
Balance at 31 July 2016:	£ 64,000

Mr Jitendar Kumar is deemed to be related party because he holds 100% controlling interest and shareholding in the company.
As at the year end, the company owed £64,000.00 (£54,000 - 2015) to the director. All other transactions with the director are disclosed in the financial statements.This is the unsecured loan made to open and run the business and was advanced as directors loan account. This loan is subordinated in favour of third party creditors and the suppliers of the company. Full terms and conditions of this loan are available in seperate loan agreement between the company and the directors.