Abbreviated Company Accounts - K.D.M. CAR SALES LIMITED

Abbreviated Company Accounts - K.D.M. CAR SALES LIMITED


Registered Number 09449520

K.D.M. CAR SALES LIMITED

Abbreviated Accounts

28 February 2016

K.D.M. CAR SALES LIMITED Registered Number 09449520

Abbreviated Balance Sheet as at 28 February 2016

Notes 2016
£
Current assets
Stocks 58,150
Cash at bank and in hand 914
59,064
Creditors: amounts falling due within one year (58,093)
Net current assets (liabilities) 971
Total assets less current liabilities 971
Total net assets (liabilities) 971
Capital and reserves
Called up share capital 2 100
Profit and loss account 871
Shareholders' funds 971
  • For the year ending 28 February 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 15 November 2016

And signed on their behalf by:
K.T. Lake, Director

K.D.M. CAR SALES LIMITED Registered Number 09449520

Notes to the Abbreviated Accounts for the period ended 28 February 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 April 2008.

Turnover policy
Turnover represents net invoiced sales of goods excluding VAT.

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.

2Called Up Share Capital
Allotted, called up and fully paid:
2016
£
100 Ordinary shares of £1 each 100

100 £1 Ordinary shares were allotted and fully paid at par during the period.