Abbreviated Company Accounts - KM BUSINESS LTD

06580755 KM BUSINESS LTD 2015-05-31 false 2014-06-01 2015-05-31 true 06580755 2014-06-01 2015-05-31 06580755 2015-05-31 06580755 2014-05-31 06580755 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 06580755 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number 06580755

KM BUSINESS LTD

Abbreviated Accounts

31 May 2015

KM BUSINESS LTD Registered Number 06580755

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	5,450	6,412
		5,450	6,412
Current assets
Stocks		1,650	1,500
Debtors		3,825	3,609
Cash at bank and in hand		11,603	17,859
		17,078	22,968
Creditors: amounts falling due within one year		(10,906)	(16,710)
Net current assets (liabilities)		6,172	6,258
Total assets less current liabilities		11,622	12,670
Total net assets (liabilities)		11,622	12,670
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		11,522	12,570
Shareholders' funds		11,622	12,670

For the year ending 31 May 2015 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.

Approved by the Board on 1 December 2015

And signed on their behalf by:
Mr K Manji, Director

KM BUSINESS LTD Registered Number 06580755

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents net sales of goods,excluding value added tax.

Tangible assets depreciation policy
Fixtures ,fittings
and equipment - 15% on reducing balance

Other accounting policies
Leasing : Rental payable under operating leases are charged against income on a straight line basis over the lease term.
Stock : Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 June 2014	8,875
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	8,875
Depreciation
At 1 June 2014	2,463
Charge for the year	962
On disposals	-
At 31 May 2015	3,425
Net book values
At 31 May 2015	5,450
At 31 May 2014	6,412

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100