KM Electronics Limited - Abbreviated accounts 16.3

KM Electronics Limited - Abbreviated accounts 16.3

KM ELECTRONICS LIMITED - Company Information

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REGISTERED NUMBER: 04912940 (England and Wales)












ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

KM ELECTRONICS LIMITED

KM ELECTRONICS LIMITED (REGISTERED NUMBER: 04912940)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

KM ELECTRONICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2016







DIRECTORS: K C Smith
Mrs M Smith





SECRETARY: Mrs M Smith





REGISTERED OFFICE: Brooke Business Park
Heath Road
Lowestoft
Suffolk
NR33 9LZ





REGISTERED NUMBER: 04912940 (England and Wales)





ACCOUNTANTS: Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD
Page 1
KM ELECTRONICS LIMITED (REGISTERED NUMBER: 04912940)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2016

30.9.16 30.9.15
Notes £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 4,604 4,747
4,604 4,747

CURRENT ASSETS
Stocks 63,905 71,399
Debtors 40,909 37,517
Cash at bank 108,461 92,720
213,275 201,636
CREDITORS
Amounts falling due within one year (141,855 ) (130,336 )
NET CURRENT ASSETS 71,420 71,300
TOTAL ASSETS LESS CURRENT
LIABILITIES
76,024
76,047

PROVISIONS FOR LIABILITIES (921 ) (949 )
NET ASSETS 75,103 75,098

CAPITAL AND RESERVES
Called up share capital 4 6 6
Profit and loss account 75,097 75,092
SHAREHOLDERS' FUNDS 75,103 75,098

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these abbreviated accounts

Page 2 continued...
KM ELECTRONICS LIMITED (REGISTERED NUMBER: 04912940)

ABBREVIATED BALANCE SHEET - continued
30 SEPTEMBER 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 7 June 2017 and were signed on its behalf by:





K C Smith - Director


The notes form part of these abbreviated accounts

Page 3
KM ELECTRONICS LIMITED (REGISTERED NUMBER: 04912940)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016

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 January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% on reducing balance, 20% on cost and 15% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015
and 30 September 2016 25,000
AMORTISATION
At 1 October 2015
and 30 September 2016 25,000
NET BOOK VALUE

At 30 September 2016 -
At 30 September 2015 -

Page 4 continued...
KM ELECTRONICS LIMITED (REGISTERED NUMBER: 04912940)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015 20,166
Additions 1,098
At 30 September 2016 21,264
DEPRECIATION
At 1 October 2015 15,419
Charge for year 1,241
At 30 September 2016 16,660
NET BOOK VALUE
At 30 September 2016 4,604
At 30 September 2015 4,747

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.16 30.9.15
value: £    £   
6 Ordinary £1 6 6

Page 5