Registered Number 08586819
KJ (88) LIMITED
Abbreviated Accounts
30 June 2014
Notes | 2014 | ||
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£ | |||
Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 2 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Other accounting policies
Stock and work in progress are valued at the lower of cost and and net realisable value, after due regard for obsolete and slow moving stocks
Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.
3Transactions with directors
Name of director receiving advance or credit: | ||
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Description of the transaction: | ||
Balance at 26 June 2013: | - | |
Advances or credits made: | £ |
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Advances or credits repaid: | ||
Balance at 30 June 2014: | £ |
Amount owned to director Wing Kit Chung, as at 30th June 2014 is £347.