Abbreviated Company Accounts - KM BUSINESS LTD

06580755 KM BUSINESS LTD 2016-05-31 false 2015-06-01 2016-05-31 true 06580755 2015-06-01 2016-05-31 06580755 2016-05-31 06580755 2015-05-31 06580755 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 06580755 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 06580755

KM BUSINESS LTD

Abbreviated Accounts

31 May 2016

KM BUSINESS LTD Registered Number 06580755

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	4,632	5,450
		4,632	5,450
Current assets
Stocks		2,560	1,650
Debtors		2,708	3,825
Cash at bank and in hand		9,694	11,603
		14,962	17,078
Creditors: amounts falling due within one year		(18,943)	(10,906)
Net current assets (liabilities)		(3,981)	6,172
Total assets less current liabilities		651	11,622
Total net assets (liabilities)		651	11,622
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		551	11,522
Shareholders' funds		651	11,622

For the year ending 31 May 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 1 November 2016

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 2016

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 reducing balance method

Other accounting policies
Leasing :
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Stock :
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 June 2015	8,875
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	8,875
Depreciation
At 1 June 2015	3,425
Charge for the year	818
On disposals	-
At 31 May 2016	4,243
Net book values
At 31 May 2016	4,632
At 31 May 2015	5,450

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

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100