REGISTERED NUMBER: 03505899 (England and Wales)

Financial Statements for the Year Ended 28 February 2018

for

KJM Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

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

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 2018 and were signed by:

D Ross - Director

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 ) .

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.