KJM Systems Limited - Accounts to registrar (filleted) - small 18.1

KJM Systems Limited - Accounts to registrar (filleted) - small 18.1


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REGISTERED NUMBER: 03505899(England and Wales)















Financial Statements for the Year Ended 28 February 2018

for

KJM Systems Limited

KJM Systems Limited (Registered number: 03505899)






Contents of the Financial Statements
for the Year Ended 28 February 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KJM Systems Limited

Company Information
for the Year Ended 28 February 2018







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)

Balance Sheet
28 February 2018

28.2.18 28.2.17
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 428 732

CURRENT ASSETS
Inventories - 5,356
Debtors 5 32,364 13,064
Cash at bank 45 685
32,409 19,105
CREDITORS
Amounts falling due within one year 6 32,263 17,541
NET CURRENT ASSETS 146 1,564
TOTAL ASSETS LESS CURRENT
LIABILITIES

574

2,296

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 572 2,294
SHAREHOLDERS' FUNDS 574 2,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 23 July 2018and were signed by:





D Ross- Director


KJM Systems Limited (Registered number: 03505899)

Notes to the Financial Statements
for the Year Ended 28 February 2018

1. STATUTORY INFORMATION

KJM Systems Limited is a private company, limited by shares, registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing inventories to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2(2017 - 2) .

KJM Systems Limited (Registered number: 03505899)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2017
and 28 February 2018 228 12,170 12,398
DEPRECIATION
At 1 March 2017 228 11,438 11,666
Charge for year - 304 304
At 28 February 2018 228 11,742 11,970
NET BOOK VALUE
At 28 February 2018 - 428 428
At 28 February 2017 - 732 732

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Trade debtors 32,364 13,064

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Bank loans and overdrafts 1,328 1,927
Trade creditors 2,987 3,269
Taxation and social security 25,347 8,382
Other creditors 2,601 3,963
32,263 17,541

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £61,000 were paid to the director .

During the year the director D. Ross advanced the company net amounts totalling £423. This amount remained
outstanding at 28.02.18 and is included within Other creditors in the notes to the accounts.

8. ULTIMATE CONTROLLING PARTY

The controlling party is D Ross.