K J Electronics Systems Ltd Filleted accounts for Companies House (small and micro)

K J Electronics Systems Ltd Filleted accounts for Companies House (small and micro)

K J ELECTRONICS SYSTEMS LTD - Company Information

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COMPANY REGISTRATION NUMBER: 07800624
K J Electronics Systems Ltd
Filleted Unaudited Financial Statements
31 October 2020
K J Electronics Systems Ltd
Statement of Financial Position
31 October 2020
2020
2019
£
£
£
£
Fixed assets
1,868
2,256
-------
-------
Current assets
143,782
149,364
Prepayments and accrued income
1,338
1,198
----------
----------
145,120
150,562
Creditors: amounts falling due within one year
41,849
47,425
----------
----------
Net Current Assets
103,271
103,137
----------
----------
Total Assets Less Current Liabilities
105,139
105,393
Accruals and deferred income
8,500
6,562
----------
----------
96,639
98,831
----------
----------
Capital and reserves
96,639
98,831
---------
---------
Notes to the Financial Statements
1. Employee Numbers
The average number of persons employed by the company during the year amounted to 3 (2019: 3 ).
2. Directors' Advances, Credits and Guarantees
During the year the directors entered into the following advances and credits with the company:
2020
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr M Jones
( 520)
( 399)
499
( 420)
Mr A Butcher
( 896)
( 778)
889
( 785)
-------
-------
-------
-------
( 1,416)
( 1,177)
1,388
( 1,205)
-------
-------
-------
-------
2019
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr M Jones
( 350)
( 499)
329
( 520)
Mr A Butcher
( 649)
( 895)
648
( 896)
----
-------
----
-------
( 999)
( 1,394)
977
( 1,416)
----
-------
----
-------
The non-interest bearing loans are repayable on demand.
3. Other Financial Commitments
The company has operating lease commitments of £ 1,275 (2019 - £ 1,275 ) remaining at the balance sheet date.
For the year ending 31st October 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 4 January 2021 , and are signed on behalf of the board by:
Mr M Jones
Mr A Butcher
Director
Director
Company registration number: 07800624
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Emstrey House (North), Shrewsbury Business Park, Shrewsbury, Shropshire, SY2 6LG.