Abbreviated Company Accounts - K & M STORES SCOTLAND LTD

Abbreviated Company Accounts - K & M STORES SCOTLAND LTD

K & M STORES SCOTLAND LTD - Company Information

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Registered Number SC354783

K & M STORES SCOTLAND LTD

Abbreviated Accounts

31 May 2015

K & M STORES SCOTLAND LTD Registered Number SC354783

Abbreviated Balance Sheet as at 31 May 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 145,600 120,000
Tangible assets 3 34,437 15,532
180,037 135,532
Current assets
Stocks 130,500 130,105
Debtors 1,567 1,200
Cash at bank and in hand 36,247 5,722
168,314 137,027
Creditors: amounts falling due within one year (253,793) (268,167)
Net current assets (liabilities) (85,479) (131,140)
Total assets less current liabilities 94,558 4,392
Creditors: amounts falling due after more than one year (93,889) -
Total net assets (liabilities) 669 4,392
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (331) 3,392
Shareholders' funds 669 4,392
  • 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 29 February 2016

And signed on their behalf by:
Khalid Saeed, Director

K & M STORES SCOTLAND LTD Registered Number SC354783

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

1Accounting Policies

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

2Intangible fixed assets
£
Cost
At 1 June 2014 120,000
Additions 25,600
Disposals -
Revaluations -
Transfers -
At 31 May 2015 145,600
Amortisation
At 1 June 2014 -
Charge for the year -
On disposals -
At 31 May 2015 -
Net book values
At 31 May 2015 145,600
At 31 May 2014 120,000
3Tangible fixed assets
£
Cost
At 1 June 2014 61,177
Additions 30,000
Disposals -
Revaluations -
Transfers -
At 31 May 2015 91,177
Depreciation
At 1 June 2014 45,645
Charge for the year 11,095
On disposals -
At 31 May 2015 56,740
Net book values
At 31 May 2015 34,437
At 31 May 2014 15,532