KJ'S MOBILITY LIMITED

Company Registration Number:
09030983 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

KJ'S MOBILITY LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

KJ'S MOBILITY LIMITED

Balance sheet

As at 31 May 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,661 7,923
Total fixed assets: 1,661 7,923
Current assets
Stocks: 30,406 33,219
Debtors: 4 28,939 29,213
Cash at bank and in hand: 36,769 49,872
Total current assets: 96,114 112,304
Creditors: amounts falling due within one year: 5 (8,057) (23,997)
Net current assets (liabilities): 88,057 88,307
Total assets less current liabilities: 89,718 96,230
Total net assets (liabilities): 89,718 96,230
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 89,716 96,228
Shareholders funds: 89,718 96,230

The notes form part of these financial statements

KJ'S MOBILITY LIMITED

Balance sheet statements

For the year ending 31 May 2023 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 November 2023
and signed on behalf of the board by:

Name: Kay Towers
Status: Director

The notes form part of these financial statements

KJ'S MOBILITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale goods and rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:Motor vehicles - 25% straight lineFixtures, fittings, equipment - 15% straight line

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Other accounting policies

DebtorsShort term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.CreditorsShort term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.TaxationA current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax assets and liabilities are not discounted.PensionsContributions to defined contribution plans are expensed in the period to which they relate.

KJ'S MOBILITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 4 4

KJ'S MOBILITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible Assets

Total
Cost £
At 01 June 2022 34,620
At 31 May 2023 34,620
Depreciation
At 01 June 2022 26,697
Charge for year 6,262
At 31 May 2023 32,959
Net book value
At 31 May 2023 1,661
At 31 May 2022 7,923

KJ'S MOBILITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Debtors

Trade debtors - £1,675 (2022 - £146), Other debtors - £27,264 (2022 - £29,067).

KJ'S MOBILITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Creditors: amounts falling due within one year note

Trade creditors - £1,083 (2022 - £10,333).Taxation and social security - £1,041 (2022 - £1,167).Other creditors - £5,933 (2022 - £12,497).

KJ'S MOBILITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

6. Financial commitments

Total future minimum payments under non-cancellable operating leases are:Not later than one year - £18,500 (2022 - £18,500)Later than one year, not more than five years - £4,625 (2022 - £23,125).

KJ'S MOBILITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

7. Related party transactions

Name of the related party: Kay Towers
Relationship:
Director
Description of the Transaction: During the year the director provided an unsecured, interest free loan to the company that was repayable on demand. At the year end the balance owed to the director was:
£
Balance at 01 June 2022 8,830
Balance at 31 May 2023 2,227