KJ NEWS LIMITED - Accounts to registrar (filleted) - small 18.2

KJ NEWS LIMITED - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 07901220 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2018

for

KJ NEWS LIMITED

KJ NEWS LIMITED (Registered number: 07901220)






Contents of the Financial Statements
for the Year Ended 31 May 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


KJ NEWS LIMITED

Company Information
for the Year Ended 31 May 2018







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)

Abridged Balance Sheet
31 May 2018

31.5.18 31.5.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 931 1,241

CURRENT ASSETS
Stocks 15,670 14,585
Debtors 9,113 7,435
Cash at bank and in hand 3,043 4,114
27,826 26,134
CREDITORS
Amounts falling due within one year 24,108 26,859
NET CURRENT ASSETS/(LIABILITIES) 3,718 (725 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,649

516

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,549 416
SHAREHOLDERS' FUNDS 4,649 516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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.

KJ NEWS LIMITED (Registered number: 07901220)

Abridged Balance Sheet - continued
31 May 2018


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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 1 January 2019 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 Financial Statements
for the Year Ended 31 May 2018

1. STATUTORY INFORMATION

KJ NEWS 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
Turnover 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.
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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2017 - 10 ) .

KJ NEWS LIMITED (Registered number: 07901220)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2018

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2017
and 31 May 2018 5,100
DEPRECIATION
At 1 June 2017 3,859
Charge for year 310
At 31 May 2018 4,169
NET BOOK VALUE
At 31 May 2018 931
At 31 May 2017 1,241

5. RELATED PARTY DISCLOSURES

The controlling party is K K K Pang and J K W Pang.

The ultimate controlling party is K K K Pang and J K W Pang.