JK Naturals Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08383951 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2015

for

JK Naturals Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

K S Smith

J Wright

G Desler FCA

REGISTERED OFFICE:

Stonebridge House

Chelmsford Road

Hatfield Heath

Bishop's Stortford

Hertfordshire

CM22 7BD

REGISTERED NUMBER:

08383951 (England and Wales)

ACCOUNTANTS:

Ashbys Chartered Accountants

Morton House

9 Beacon Court

Pitstone Green Business Park

Pitstone

LU7 9GY

FIXED ASSETS

Tangible assets

2

21,772

28,100

CURRENT ASSETS

Stocks

13,526

12,699

Debtors

3

23,115

29,998

Cash at bank and in hand

26

7,382

36,667

50,079

CREDITORS

Amounts falling due within one year

4

64,189

52,925

NET CURRENT LIABILITIES

(27,522

)

(2,846

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,750

)

25,254

CREDITORS

Amounts falling due after more than one year

4

-

(28,172

)

PROVISIONS FOR LIABILITIES

-

(65

)

NET LIABILITIES

(5,750

)

(2,983

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

(5,850

)

(3,083

)

SHAREHOLDERS' FUNDS

(5,750

)

(2,983

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25 January 2016 and were signed on its behalf by:

K S Smith - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

50% on cost, 20% on reducing balance and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Going concern

At the balance sheet date the net current liabilities of the company amounted to £27,522. Included in amounts

falling due within one year is £38,021 owed to the director/shareholders and connected parties. The directors are

in the process of reorganising the company's finances and believe the company is a going concern.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

34,947

Additions

195

At 31 May 2015

35,142

DEPRECIATION

At 1 June 2014

6,847

Charge for year

6,523

At 31 May 2015

13,370

NET BOOK VALUE

At 31 May 2015

21,772

At 31 May 2014

28,100

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 11,800 (2014 - £ 11,800 )

4.

CREDITORS

Creditors include an amount of £ 1,422 (2014 - £ 3,170 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100