REGISTERED NUMBER: 03505899 (England and Wales)

Abbreviated Accounts for the Year Ended 28 February 2015

for

KJM Systems Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

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

FIXED ASSETS

Tangible assets

2

1,044

1,391

CURRENT ASSETS

Stocks

12,000

12,000

Debtors

14,400

14,400

Cash at bank

2,609

32,605

29,009

59,005

CREDITORS

Amounts falling due within one year

29,867

33,148

NET CURRENT (LIABILITIES)/ASSETS

(858

)

25,857

TOTAL ASSETS LESS CURRENT LIABILITIES

186

27,248

PROVISIONS FOR LIABILITIES

113

432

NET ASSETS

73

26,816

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

71

26,814

SHAREHOLDERS' FUNDS

73

26,816

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 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 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 director on 3 August 2015 and were signed by:

D Ross - 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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

and 28 February 2015

12,192

DEPRECIATION

At 1 March 2014

10,801

Charge for year

347

At 28 February 2015

11,148

NET BOOK VALUE

At 28 February 2015

1,044

At 28 February 2014

1,391

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.15

28.2.14

value:

£

£

2

Ordinary

£1.00

2

2

4.	RELATED PARTY DISCLOSURES

During the year the director D. Ross advanced the company net amounts totalling £12,590. This amount

remained outstanding at 28.02.15 and is included within Other creditors in the notes to the accounts.

During the period the director D Ross received net dividends totalling £23,950 from the company.

5.	ULTIMATE CONTROLLING PARTY

The controlling party is D Ross.