N Kays Ltd - Abbreviated accounts

N Kays Ltd
Registered number:			04617577
Directors' Report

The directors present their report and accounts for the year ended 28 February 2014.

Principal activities
The company's principal activity during the year continued to be …

Directors
The following persons served as directors during the year:


Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 5 November 2014 and signed on its behalf.





Mr Bhajan Singh Saundh
Director

N Kays Ltd
Balance Sheet
as at 28 February 2014

Notes			2014			2013
£				£
Fixed assets
Intangible assets	4		4,680			4,800
Tangible assets	5		34,664			35,037
			39,344			39,837

Current assets
Stocks		9,400			8,800
Cash at bank and in hand		5,122			1,819
		14,522			10,619

Creditors: amounts falling due within one year	6	(52,384)			(42,556)

Net current liabilities			(37,862)			(31,937)

Net assets			1,482			7,900

Capital and reserves
Called up share capital	7		10			10
Profit and loss account	8		1,472			7,890

Shareholders' funds			1,482			7,900

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.




Mr Bhajan Singh Saundh
Director
Approved by the board on 5 November 2014

Registered number

04617577

N Kays Ltd

Abbreviated Accounts

28 February 2014

N Kays Ltd

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of N Kays Ltd for the year ended 28 February 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of N Kays Ltd for the year ended 28 February 2014 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.

A J Shah and Company
Chartered Accountants
8 Pinner View
Harrow
Middlesex
HA1 4QA

5 November 2014

N Kays Ltd
Registered number:		04617577
Abbreviated Balance Sheet
as at 28 February 2014

Notes			2014			2013
£				£
Fixed assets
Intangible assets	2		4,680			4,800
Tangible assets	3		34,664			35,037
			39,344			39,837

Current assets
Stocks		9,400			8,800
Cash at bank and in hand		5,122			1,819
		14,522			10,619

Creditors: amounts falling due within one year		(52,384)			(42,556)

Net current liabilities			(37,862)			(31,937)

Net assets			1,482			7,900

Capital and reserves
Called up share capital	4		10			10
Profit and loss account			1,472			7,890

Shareholders' funds			1,482			7,900

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr Bhajan Singh Saundh
Director
Approved by the board on 5 November 2014

N Kays Ltd
Notes to the Abbreviated Accounts
for the year ended 28 February 2014

1	Accounting policies

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

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% straight line
	Motor vehicles			25% straight line

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

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Intangible fixed assets					£

	Cost
	At 1 March 2013					6,000
	At 28 February 2014					6,000

	Amortisation
	At 1 March 2013					1,200
	Provided during the year					120
	At 28 February 2014					1,320

	Net book value
	At 28 February 2014					4,680
	At 28 February 2013					4,800


3	Tangible fixed assets					£

	Cost
	At 1 March 2013					44,683
	Additions					430
	At 28 February 2014					45,113

	Depreciation
	At 1 March 2013					9,646
	Charge for the year					803
	At 28 February 2014					10,449

	Net book value
	At 28 February 2014					34,664
	At 28 February 2013					35,037


4	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		10		10