Abbreviated Company Accounts - KM BUSINESS LTD

06580755 KM BUSINESS LTD 2014-05-31 false 2013-06-01 2014-05-31 true 06580755 2013-06-01 2014-05-31 06580755 2014-05-31 06580755 2013-05-31 06580755 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 06580755 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 06580755

KM BUSINESS LTD

Abbreviated Accounts

31 May 2014

KM BUSINESS LTD Registered Number 06580755

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	6,412	7,544
		6,412	7,544
Current assets
Stocks		1,500	1,000
Debtors		3,609	1,743
Cash at bank and in hand		17,859	10,036
		22,968	12,779
Creditors: amounts falling due within one year		(16,710)	(16,838)
Net current assets (liabilities)		6,258	(4,059)
Total assets less current liabilities		12,670	3,485
Total net assets (liabilities)		12,670	3,485
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		12,570	3,385
Shareholders' funds		12,670	3,485

For the year ending 31 May 2014 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 27 August 2014

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 2014

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 R B M

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 June 2013	8,875
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	8,875
Depreciation
At 1 June 2013	1,331
Charge for the year	1,132
On disposals	-
At 31 May 2014	2,463
Net book values
At 31 May 2014	6,412
At 31 May 2013	7,544

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

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100