K.M._IMPORT_EXPORT_LIMITE - Accounts

K. M. IMPORT EXPORT LIMITED - Company Information

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Company Registration No. 01093669 (England and Wales)

K.M. IMPORT EXPORT LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

K.M. IMPORT EXPORT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

K.M. IMPORT EXPORT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

160,000

Current assets

Debtors

2,188

Cash at bank and in hand

70,451

60,636

72,639

62,824

Creditors: amounts falling due within one year

(3,366)

(3,221)

Net current assets

69,273

59,603

Total assets less current liabilities

229,273

219,603

Capital and reserves

Called up share capital

100

Revaluation reserve

150,903

Profit and loss account

78,270

68,600

Shareholders' funds

229,273

219,603

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

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 9 June 2015

Mr S Munyal

Director

Company Registration No. 01093669

K.M. IMPORT EXPORT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Investment properties are included at valuation or, where in the opinion of the directors the open market value and original cost of the properties are not significantly different, at cost. No depreciation is provided on these properties as the estimated residual value of the properties approximates to the carrying value and any depreciation would be immaterial.

1.5

Deferred taxation

No provision has been made for deferred tax on gains recognised on revaluing property to its market value as the company does not intent to sell the revalued assets.

Fixed assets

Tangible assets

Cost or valuation

At 1 October 2013 & at 30 September 2014

160,000

At 30 September 2013

160,000

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100