Abbreviated Company Accounts - K.A.J. ENTERPRISE LIMITED

K.A.J. ENTERPRISE LIMITED - Company Information

06522285 K.A.J. ENTERPRISE LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true 06522285 2015-07-01 2016-06-30 06522285 2016-06-30 06522285 2015-06-30 06522285 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 06522285 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 06522285

K.A.J. ENTERPRISE LIMITED

Abbreviated Accounts

30 June 2016

K.A.J. ENTERPRISE LIMITED Registered Number 06522285

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	16,903	13,657
		16,903	13,657
Current assets
Stocks		106,524	127,869
Debtors		109,773	40,263
Cash at bank and in hand		42,554	137,821
		258,851	305,953
Creditors: amounts falling due within one year		(282,866)	(329,824)
Net current assets (liabilities)		(24,015)	(23,871)
Total assets less current liabilities		(7,112)	(10,214)
Total net assets (liabilities)		(7,112)	(10,214)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(7,212)	(10,314)
Shareholders' funds		(7,112)	(10,214)

For the year ending 30 June 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 29 March 2017

And signed on their behalf by:
Mr V.M. Vaidya, Director

K.A.J. ENTERPRISE LIMITED Registered Number 06522285

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 25% reducing balance

Other accounting policies
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Tangible fixed assets

	£
Cost
At 1 July 2015	78,831
Additions	8,880
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	87,711
Depreciation
At 1 July 2015	65,174
Charge for the year	5,634
On disposals	-
At 30 June 2016	70,808
Net book values
At 30 June 2016	16,903
At 30 June 2015	13,657

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

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