KAIMEN TECHNOLOGY LTD Accounts filed on 30-09-2014

KAIMEN TECHNOLOGY LTD - Company Information

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KAIMEN TECHNOLOGY LTD

Company Registration Number:
SC385247 (Scotland)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 01st October 2013

End date: 30th September 2014

SUBMITTED

Contents of the Financial Statements
for the Period Ended 30th September 2014


Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

Company Information
for the Period Ended 30th September 2014

Director:		Christopher Campbell Bryson
		Astra Margaret Bryson



Company secretary:		Astra Margaret Bryson



Registered office:		An Teallach Culbokie


		Dingwall
		Ross-Shire
		IV7 8JH




Company Registration Number:		SC385247 (Scotland)

Directors' Report Period Ended 30th September 2014

The directors present their report with the financial statements of the company for the period ended 30th September 2014

Principal activities
The principal activity of the company in the period under review was:
Technology product agency

Directors
The directors shown below have held office during the whole of the period from
01st October 2013 to 30th September 2014
Christopher Campbell Bryson
Astra Margaret Bryson

Political and charitable donations
No political or charitable donations were made in this tax year

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 24 April 2015
And Signed On Behalf Of The Board By:

Name: Christopher Campbell Bryson
Status: Director
Name: Astra Margaret Bryson
Status: Director

Profit and Loss Account

for the Period Ended 30th September 2014

	Notes	2014 £	2013 £
Turnover:	2	65,145	60,834
Cost of sales:		8,513	2,583
Gross profit or (loss):		56,632	58,251
Distribution costs:		219	134
Administrative expenses:	4, 5	36,530	37,784
Other operating income:		0	0
Operating profit or (loss):	3	19,883	20,333
Interest receivable and similar income:		247	0
Interest payable and similar charges:		0	0
Profit or (loss) on ordinary activities before taxation:		20,130	20,333
Tax on profit or (loss) on ordinary activities:		0	123
Profit or (loss) for the financial year:		20,130	20,210

The notes form part of these financial statements

Statement of total recognised gains and losses
30th September 2014

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

The notes form part of these financial statements

Balance sheet
As at 30th September 2014

	Notes	2014 £	2013 £
Fixed assets
Intangible assets:		0	0
Tangible assets:	6	1,742	1,002
Total fixed assets:		1,742	1,002
Current assets
Stocks:	7	0	279
Debtors:	8	21,757	4,078
Cash at bank and in hand:		706	146
Total current assets:		22,463	4,503
Creditors: amounts falling due within one year	9	2,794	1,000
Net current assets (liabilities):		19,669	3,503
Total assets less current liabilities:		21,411	4,505
Creditors: amounts falling due after more than one year:		-	3,224
Total net assets (liabilities):		21,411	1,281

The notes form part of these financial statements

Balance sheet
As at 30th September 2014
continued

	Notes	2014 £	2013 £
Capital and reserves
Called up share capital:	10	1	1
Profit and Loss account:	11	21,410	1,280
Total shareholders funds:		21,411	1,281

For the year ending 30 September 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 24 April 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Christopher Campbell Bryson
Status: Director
Name: Astra Margaret Bryson
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements
for the Period Ended 30th September 2014

1. Accounting policies

Basis of measurement and preparation of accounts

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities

Turnover policy

The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets depreciation policy

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Computer Equipment - 33%

Intangible fixed assets amortisation policy

N/A

Valuation information and policy

Stocks and work -in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure.

Other accounting policies

N/A

Notes to the Financial Statements
for the Period Ended 30th September 2014

2 . Turnover

Over 90% of the turnover was from the electronic component agency business related to Jorjin Technologies of Taiwan We gained a new customer Zhenhua Vacuum based in Zhaoqing China, which is expected to generate sales commission and marketing service revenue in FY2014/15

Notes to the Financial Statements
for the Period Ended 30th September 2014

3 . Operating profit or (loss)

Operating profit or (loss) before tax as stated after charging the following.

	2014	2013
	£	£
Depreciation - owned assets:	625	493
Depreciation - assets on hire purchase contract:	0	0
Amortisation of goodwill:	0	0
Amortisation of other intangible assets:	0	0
Profit or (loss) on disposal of fixed assets:	0	0
Operating lease rentals:	0	0
Bad debts written off:	0	0

Accounting system changed for FY2014, so some nominal codes are different

Notes to the Financial Statements
for the Period Ended 30th September 2014

4 . Directors' remuneration

	2014	2013
	£	£
Directors' remuneration:	14,000	11,800
Value of contributions to directors' pensions:	0	0
TOTAL:	14,000	11,800

No dividends were paid during this accounting period

Notes to the Financial Statements
for the Period Ended 30th September 2014

5. Employees

	2014	2013
	£	£
Wages and salaries:	15,190	11,800
Social security costs:	45	0
Pension costs:	0	0
Total staff costs:	15,235	11,800
Average number of employees including directors during the period:	3	2

The above amounts include directors remuneration, as both directors are also employees

Notes to the Financial Statements
for the Period Ended 30th September 2014

6. Tangible assets

	Land and buildings	Plant Machinery	Fixtures and fittings	Office Equipment	Motor vehicles	Total
Cost	£	£	£	£	£	£
At 01st October 2013:	-	-	-	1,495	-	1,495
Additions:	-	-	-	1,365	-	1,365
Disposals:	-	-	-	0	-	0
Revaluations:	-	-	-	0	-	0
Transfers:	-	-	-	0	-	0
At 30th September 2014:	-	-	-	2,860	-	2,860
Depreciation
At 01st October 2013:	-	-	-	493	-	493
Charge for year:	-	-	-	625	-	625
On disposals:	-	-	-	0	-	0
Other adjustments	-	-	-	0	-	0
At 30th September 2014:	-	-	-	1,118	-	1,118
Net book value
At 30th September 2014:	-	-	-	1,742	-	1,742
At 30th September 2013:	-	-	-	1,002	-	1,002

Notes to the Financial Statements
for the Period Ended 30th September 2014

7. Stocks

	2014	2013
	£	£
Stocks of raw materials and consumables:	0	0
Work in progress:	0	0
Long term contract balances:	0	0
Finished goods and goods for resale:	0	279
Payments on account:	0	0
Total:	0	279

Written off old LED lighting sample stock 30 Sept 2014

Notes to the Financial Statements
for the Period Ended 30th September 2014

8. Debtors

	2014	2013
	£	£
Trade debtors:	6,983	3,981
Other debtors:	14,774	97
Prepayments and accrued income:	0	0
Total:	21,757	4,078

Notes to the Financial Statements
for the Period Ended 30th September 2014

9. Creditors: amounts falling due within one year

	2014	2013
	£	£
Bank loans and overdrafts:	0	0
Amounts due under finance leases and hire purchase contracts:	0	0
Trade creditors:	2,186	0
Taxation and social security:	0	0
Accruals and deferred income:	378	0
Other creditors:	230	1,000
Total:	2,794	1,000

Notes to the Financial Statements
for the Period Ended 30th September 2014

10. Called up share capital

Allotted, called up and paid

Previous period			2013
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	100	0.01 0.01	1
Total share capital:			1

Current period			2014
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	100	0.01 0.01	1
Total share capital:			1

Notes to the Financial Statements
for the Period Ended 30th September 2014

11. Profit and loss account

	2014	2013
	£	£
Opening balance:	1,280	( 18,930 )
Profit or (loss) for the period:	20,130	20,210
Equity dividends paid:	0	0
Retained profit:	21,410	1,280

KAIMEN TECHNOLOGY LTD Accounts filed on 30-09-2014