K & D Trading Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06565684 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2014

FOR

K & D TRADING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Chudasama

K Chudasama

SECRETARY:

D Chudasama

REGISTERED OFFICE:

20 St James Street

Brighton

Sussex

BN2 1RF

REGISTERED NUMBER:

06565684 (England and Wales)

ACCOUNTANTS:

Amchins

Chartered Accountants

Amchins Limited

23 Northiam

Woodside Park

London

N12 7ET

FIXED ASSETS

Intangible assets

2

-

151,583

Tangible assets

3

996

11,479

996

163,062

CURRENT ASSETS

Stocks

-

49,800

Debtors

339

-

Cash at bank and in hand

280,193

28,060

280,532

77,860

CREDITORS

Amounts falling due within one year

(82,884

)

(156,833

)

NET CURRENT ASSETS/(LIABILITIES)

197,648

(78,973

)

TOTAL ASSETS LESS CURRENT LIABILITIES

198,644

84,089

CREDITORS

Amounts falling due after more than one year

-

(11,231

)

NET ASSETS

198,644

72,858

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

198,544

72,758

SHAREHOLDERS' FUNDS

198,644

72,858

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 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 28 November 2014 and were signed on its behalf by:

D Chudasama - Director

K Chudasama - Director

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).

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 8 Related

Party Disclosures, not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents sales of retail goods and services excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

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

-

20% 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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

168,423

Disposals

(168,423

)

At 31 May 2014

-

AMORTISATION

At 1 June 2013

16,840

Eliminated on disposal

(16,840

)

At 31 May 2014

-

NET BOOK VALUE

At 31 May 2014

-

At 31 May 2013

151,583

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

33,007

Disposals

(27,764

)

At 31 May 2014

5,243

DEPRECIATION

At 1 June 2013

21,528

Charge for year

331

Eliminated on disposal

(17,612

)

At 31 May 2014

4,247

NET BOOK VALUE

At 31 May 2014

996

At 31 May 2013

11,479

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1

100

100

5.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.