K. & A. Direct Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03580091 (England and Wales)

K. & A. DIRECT LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M.W.G. Steele

J.J. Wozniak

SECRETARY:

J.J. Wozniak

REGISTERED OFFICE:

21 Lodge Lane

Grays

Essex

RM17 5RY

REGISTERED NUMBER:

03580091 (England and Wales)

ACCOUNTANTS:

Bland Baker

Chartered Accountants

21 Lodge Lane

Grays

Essex

RM17 5RY

FIXED ASSETS

Tangible assets

2

13,642

17,484

CURRENT ASSETS

Stocks

550

575

Debtors

17,746

26,074

Cash at bank

20,120

7,032

38,416

33,681

CREDITORS

Amounts falling due within one year

3

35,219

35,735

NET CURRENT ASSETS/(LIABILITIES)

3,197

(2,054

)

TOTAL ASSETS LESS CURRENT LIABILITIES

16,839

15,430

CREDITORS

Amounts falling due after more than one year

3

-

(4,438

)

PROVISIONS FOR LIABILITIES

(2,520

)

(3,245

)

NET ASSETS

14,319

7,747

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

14,317

7,745

SHAREHOLDERS' FUNDS

14,319

7,747

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 24 March 2016 and were signed on its behalf by:

J.J. Wozniak - 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.

Improvements to property

-

20% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

32,611

Additions

706

At 30 June 2015

33,317

DEPRECIATION

At 1 July 2014

15,127

Charge for year

4,548

At 30 June 2015

19,675

NET BOOK VALUE

At 30 June 2015

13,642

At 30 June 2014

17,484

3.

CREDITORS

Creditors include an amount of £ 4,438 (2014 - £ 11,095 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2