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Unaudited Financial Statements for the Year Ended 31 July 2018 |
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KJS DEVELOPMENTS LIMITED |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 July 2018 |
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for |
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KJS DEVELOPMENTS LIMITED |
KJS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06959841) |
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Contents of the Financial Statements |
FOR THE YEAR ENDED 31 JULY 2018 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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KJS DEVELOPMENTS LIMITED |
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Company Information |
FOR THE YEAR ENDED 31 JULY 2018 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
26 Church Street |
Bishop's Stortford |
Hertfordshire |
CM23 2LY |
KJS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06959841) |
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Abridged Balance Sheet |
31 JULY 2018 |
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31.7.18 | 31.7.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CREDITORS |
Amounts falling due after more than one
year |
( |
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PROVISIONS FOR LIABILITIES | ( |
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ACCRUALS AND DEFERRED INCOME | ( |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his 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. |
KJS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06959841) |
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Abridged Balance Sheet - continued |
31 JULY 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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KJS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06959841) |
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Notes to the Financial Statements |
FOR THE YEAR ENDED 31 JULY 2018 |
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1. | STATUTORY INFORMATION |
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KJS Developments Limited is a
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The company's registered number and registered office address can be found on the Company |
Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared on a going concern basis as the director has provided |
assurances that he will continue to support the working capital of the company for the foreseeable |
future. |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling |
costs in bringing stocks to their present location and condition. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
KJS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06959841) |
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Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 JULY 2018 |
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2. | ACCOUNTING POLICIES - continued |
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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. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The |
capital element of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
period of the lease. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 August 2017 |
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Additions |
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At 31 July 2018 |
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DEPRECIATION |
At 1 August 2017 |
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Charge for year |
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At 31 July 2018 |
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NET BOOK VALUE |
At 31 July 2018 |
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At 31 July 2017 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
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Totals |
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COST |
Additions | 27,555 |
At 31 July 2018 | 27,555 |
DEPRECIATION |
Charge for year | 5,511 |
At 31 July 2018 | 5,511 |
NET BOOK VALUE |
At 31 July 2018 | 22,044 |
KJS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06959841) |
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Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 JULY 2018 |
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5. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.7.18 | 31.7.17 |
£ | £ |
Hire purchase contracts | 23,724 | - |
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The hire purchase liability is secured against the asset to which it relates. |