Abbreviated Company Accounts - L & J KING LIMITED

Abbreviated Company Accounts - L & J KING LIMITED

L & J KING LIMITED - Company Information

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Registered Number 04776669

L & J KING LIMITED

Abbreviated Accounts

31 March 2016

L & J KING LIMITED Registered Number 04776669

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 22,310 11,086
22,310 11,086
Current assets
Stocks 339,805 231,141
Debtors 315,074 395,766
Cash at bank and in hand 471,210 400,376
1,126,089 1,027,283
Creditors: amounts falling due within one year (566,675) (577,230)
Net current assets (liabilities) 559,414 450,053
Total assets less current liabilities 581,724 461,139
Total net assets (liabilities) 581,724 461,139
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 580,724 460,139
Shareholders' funds 581,724 461,139
  • For the year ending 31 March 2016 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 9 August 2016

And signed on their behalf by:
Laura Jane Morris-King, Director

L & J KING LIMITED Registered Number 04776669

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 January 2015.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Other tangible assets - 25% straight line

2Tangible fixed assets
£
Cost
At 1 April 2015 68,093
Additions 20,381
Disposals -
Revaluations -
Transfers -
At 31 March 2016 88,474
Depreciation
At 1 April 2015 57,007
Charge for the year 9,157
On disposals -
At 31 March 2016 66,164
Net book values
At 31 March 2016 22,310
At 31 March 2015 11,086