Company Registration No. 05769003 (England and Wales)
KEMSEG CONSULTING LTD
Unaudited accounts
for the year ended 31 March 2023
KEMSEG CONSULTING LTD
Unaudited accounts
Contents
KEMSEG CONSULTING LTD
Company Information
for the year ended 31 March 2023
Director
OLUSEGUN OYENUGA NOAH
Company Number
05769003 (England and Wales)
Registered Office
1 Newbery Road,
Erith
Kent
DA8 2BZ
Accountants
LIBRA ASSOCIATES (UK) LIMITED
133 CREEK ROAD
GREENWICH
LONDON
SE8 3BU
KEMSEG CONSULTING LTD
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
17
1
Creditors: amounts falling due within one year
(4,279)
(3,860)
Net current liabilities
(4,262)
(3,859)
Net liabilities
(4,262)
(3,263)
Called up share capital
1,000
1,000
Profit and loss account
(5,262)
(4,263)
Shareholders' funds
(4,262)
(3,263)
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 October 2023 and were signed on its behalf by
OLUSEGUN OYENUGA NOAH
Director
Company Registration No. 05769003
KEMSEG CONSULTING LTD
Notes to the Accounts
for the year ended 31 March 2023
KEMSEG CONSULTING LTD is a private company, limited by shares, registered in England and Wales, registration number 05769003. The registered office is 1 Newbery Road,, Erith, Kent, DA8 2BZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight Line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Fixtures & fittings
KEMSEG CONSULTING LTD
Notes to the Accounts
for the year ended 31 March 2023
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
4,279
3,860
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
7
Transactions with related parties
The company was under the control of Mr Olusegun Noah. Mr Olusegun Noah owns 100% of the share capital of the company. Mr Noah received dividends of £15,000. Mrs Adebusola Noah received dividends of £15,000 (2020: £NIL).
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).