Company Registration No. 06543548 (England and Wales)
KG ACCOUNTING SERVICES LIMITED
Unaudited accounts
for the year ended 31 March 2020
KG ACCOUNTING SERVICES LIMITED
Unaudited accounts
Contents
KG ACCOUNTING SERVICES LIMITED
Company Information
for the year ended 31 March 2020
Directors
Mr Mahadevan Arulkumar
Mrs Kavitha Arulkumar
Mr Paramsothy Mayuran
Company Number
06543548 (England and Wales)
Registered Office
85 KYNANCE GARDENS
STANMORE
HA7 2QJ
ENGLAND
KG ACCOUNTING SERVICES LIMITED
Accountants' report
Accountants' report to the board of directors of KG ACCOUNTING SERVICES LIMITED (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2020.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 March 2020. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
KG ACCOUNTING SERVICES LIMITED
Statement of financial position
as at
31 March 2020
Intangible assets
10,203
11,131
Tangible assets
13,441
15,719
Creditors: amounts falling due within one year
(77,536)
(138,999)
Net current liabilities
(26,126)
(41,663)
Net liabilities
(2,282)
(14,613)
Called up share capital
100
100
Profit and loss account
(2,382)
(14,713)
Shareholders' funds
(2,282)
(14,613)
For the year ending 31 March 2020 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 directors acknowledge their 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 of Directors and authorised for issue on 30 October 2020 and were signed on its behalf by
Mrs Kavitha Arulkumar
Director
Company Registration No. 06543548
KG ACCOUNTING SERVICES LIMITED
Notes to the Accounts
for the year ended 31 March 2020
KG ACCOUNTING SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06543548. The registered office is 85 KYNANCE GARDENS, STANMORE, HA7 2QJ, ENGLAND.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
KG ACCOUNTING SERVICES LIMITED
Notes to the Accounts
for the year ended 31 March 2020
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2019
23,211
7,751
30,962
Additions
13,250
1,067
14,317
At 31 March 2020
36,461
8,818
45,279
At 1 April 2019
10,205
5,038
15,243
Charge for the year
663
213
876
On disposals
13,006
2,713
15,719
At 31 March 2020
23,874
7,964
31,838
At 31 March 2020
12,587
854
13,441
At 31 March 2019
13,006
2,713
15,719
6
Investments
Subsidiary undertakings
Valuation at 1 April 2019
200
Valuation at 31 March 2020
200
Trade debtors
22,487
60,922
Amounts due from group undertakings etc.
28,923
36,414
8
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
(6)
-
Loans from directors
77,542
138,999
9
Average number of employees
During the year the average number of employees was 0 (2019: 0).