Abbreviated Company Accounts - K & M STORES SCOTLAND LTD

Abbreviated Company Accounts - K & M STORES SCOTLAND LTD

K & M STORES SCOTLAND LTD - Company Information

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Registered Number SC354783

K & M STORES SCOTLAND LTD

Abbreviated Accounts

31 May 2016

K & M STORES SCOTLAND LTD Registered Number SC354783

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 145,600 145,600
Tangible assets 3 24,372 34,437
169,972 180,037
Current assets
Stocks 128,000 130,500
Debtors 1,567 1,567
Cash at bank and in hand - 36,247
129,567 168,314
Creditors: amounts falling due within one year (201,920) (253,793)
Net current assets (liabilities) (72,353) (85,479)
Total assets less current liabilities 97,619 94,558
Creditors: amounts falling due after more than one year (94,355) (93,889)
Total net assets (liabilities) 3,264 669
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 2,264 (331)
Shareholders' funds 3,264 669
  • 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 28 February 2017

And signed on their behalf by:
Khalid Saeed, Director

K & M STORES SCOTLAND LTD Registered Number SC354783

Notes to the Abbreviated Accounts for the period ended 31 May 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.

2Intangible fixed assets
£
Cost
At 1 June 2015 145,600
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 145,600
Amortisation
At 1 June 2015 -
Charge for the year -
On disposals -
At 31 May 2016 -
Net book values
At 31 May 2016 145,600
At 31 May 2015 145,600
3Tangible fixed assets
£
Cost
At 1 June 2015 91,177
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 91,177
Depreciation
At 1 June 2015 56,740
Charge for the year 10,065
On disposals -
At 31 May 2016 66,805
Net book values
At 31 May 2016 24,372
At 31 May 2015 34,437