JK Naturals Limited - Limited company - abbreviated - 11.0.0
JK Naturals Limited - Limited company - abbreviated - 11.0.0
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Period 31 January 2013 to 31 May 2014 |
for |
JK Naturals Limited |
JK Naturals Limited (Registered number: 08383951) |
Contents of the Abbreviated Accounts |
for the period 31 January 2013 to 31 May 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
JK Naturals Limited |
Company Information |
for the period 31 January 2013 to 31 May 2014 |
DIRECTORS: |
REGISTERED OFFICE: |
BUSINESS ADDRESS: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
JK Naturals Limited (Registered number: 08383951) |
Abbreviated Balance Sheet |
31 May 2014 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors | 3 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
4 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Profit and loss account | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
JK Naturals Limited (Registered number: 08383951) |
Abbreviated Balance Sheet - continued |
31 May 2014 |
The financial statements were approved by the Board of Directors on |
JK Naturals Limited (Registered number: 08383951) |
Notes to the Abbreviated Accounts |
for the period 31 January 2013 to 31 May 2014 |
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 |
Plant and machinery etc | - |
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. |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
Going concern |
The company incurred non-recurring start-up costs in the period to 31 May 2014. Had these costs not been |
incurred the company would have reported a profit in its first year. Monthly like for like sales are up 38% year |
on year and management information shows the company is currently trading profitably. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
Additions |
At 31 May 2014 |
DEPRECIATION |
Charge for period |
At 31 May 2014 |
NET BOOK VALUE |
At 31 May 2014 |
JK Naturals Limited (Registered number: 08383951) |
Notes to the Abbreviated Accounts - continued |
for the period 31 January 2013 to 31 May 2014 |
3. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
The aggregate total of debtors falling due after more than one year is £ |
4. | CREDITORS |
Creditors include an amount of £ |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 |