K_JOHNSON_LTD - Accounts

K.JOHNSON LIMITED - Company Information

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Company Registration No. 03676630 (England and Wales)

K JOHNSON LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

K JOHNSON LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

K JOHNSON LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

645,196

875,835

Tangible assets

11,977

19,867

657,173

895,702

Current assets

Debtors

553,622

453,408

Cash at bank and in hand

510,707

170,330

1,064,329

623,738

Creditors: amounts falling due within one year

(547,434)

(400,938)

Net current assets

516,895

222,800

Total assets less current liabilities

1,174,068

1,118,502

Provisions for liabilities

(2,153)

(3,677)

1,171,915

1,114,825

Capital and reserves

Called up share capital

Profit and loss account

1,171,913

1,114,823

Shareholders' funds

1,171,915

1,114,825

For the financial year ended 31 March 2015 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 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 21 October 2015

Mr K Johnson

Mrs C A Johnson

Director

Company Registration No. 03676630

K JOHNSON LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 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 the amounts of stake money placed by customers.

1.4

Seniority Positions

Seniority Positions are written off in instalments over their estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

33% Straight Line

Motor vehicles

25% Reducing Balance

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2014

1,489,105

82,795

1,571,900

Disposals

(133,186)

At 31 March 2015

1,355,919

82,795

1,438,714

Depreciation

At 1 April 2014

613,270

62,928

676,198

On disposals

(44,461)

Charge for the year

141,914

7,890

149,804

At 31 March 2015

710,723

70,818

781,541

Net book value

At 31 March 2015

645,196

11,977

657,173

At 31 March 2014

875,835

19,867

895,702

K JOHNSON LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary of £1 each

Related party relationships and transactions

Directors loan

The Directors have provided the company with working capital in the form of an interest free loan. As at 31st March 2015 and included within 'Creditors: amounts due within one year' is a loan from the Directors amounting to £414,108 (2014: £317,756).