REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30 June 2022 |
for |
KCIS LONDON LTD |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30 June 2022 |
for |
KCIS LONDON LTD |
KCIS LONDON LTD (REGISTERED NUMBER: 11400845) |
Contents of the Financial Statements |
for the Year Ended 30 June 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 5 |
KCIS LONDON LTD |
Company Information |
for the Year Ended 30 June 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
42 Lytton Road |
Barnet |
Hertfordshire |
EN5 5BY |
KCIS LONDON LTD (REGISTERED NUMBER: 11400845) |
Balance Sheet |
30 June 2022 |
30.6.22 | 30.6.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
NET ASSETS |
KCIS LONDON LTD (REGISTERED NUMBER: 11400845) |
Balance Sheet - continued |
30 June 2022 |
30.6.22 | 30.6.21 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 12 |
Non-distributable reserves | 13 |
Retained earnings | 13 |
SHAREHOLDERS' FUNDS |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
KCIS LONDON LTD (REGISTERED NUMBER: 11400845) |
Balance Sheet - continued |
30 June 2022 |
The financial statements were approved by the Board of Directors and authorised for issue on |
KCIS LONDON LTD (REGISTERED NUMBER: 11400845) |
Notes to the Financial Statements |
for the Year Ended 30 June 2022 |
1. | STATUTORY INFORMATION |
KCIS London Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Computer equipment | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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. |
Current or deferred taxation assets and liabilities are not discounted. |
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. |
KCIS LONDON LTD (REGISTERED NUMBER: 11400845) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2022 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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. |
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. |
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 profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Computer |
equipmen |
£ |
COST |
At 1 July 2021 |
and 30 June 2022 |
DEPRECIATION |
At 1 July 2021 |
Charge for year |
At 30 June 2022 |
NET BOOK VALUE |
At 30 June 2022 |
At 30 June 2021 |
KCIS LONDON LTD (REGISTERED NUMBER: 11400845) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2022 |
5. | FIXED ASSET INVESTMENTS |
Unlisted |
investme |
£ |
COST |
At 1 July 2021 |
and 30 June 2022 |
NET BOOK VALUE |
At 30 June 2022 |
At 30 June 2021 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 July 2021 |
and 30 June 2022 |
NET BOOK VALUE |
At 30 June 2022 |
At 30 June 2021 |
Fair value at 30 June 2022 is represented by: |
£ |
Valuation in 2019 | 10,271 |
Valuation in 2020 | 11,687 |
Cost | 968,149 |
990,107 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.22 | 30.6.21 |
£ | £ |
Trade debtors |
Tax |
Prepayments and accrued income |
KCIS LONDON LTD (REGISTERED NUMBER: 11400845) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2022 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.22 | 30.6.21 |
£ | £ |
Bank loans and overdrafts (see note 10) |
Trade creditors |
Tax |
Social security and other taxes |
VAT | - | 4,098 |
Directors' current accounts | 147,743 | 145,980 |
Accrued expenses |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.6.22 | 30.6.21 |
£ | £ |
Bank loans (see note 10) |
Directors' loan accounts | 700,000 | 700,000 |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst |
10. | LOANS |
An analysis of the maturity of loans is given below: |
30.6.22 | 30.6.21 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loans |
Amounts falling due between one and two years: |
Bank loans - 1-2 years |
KCIS LONDON LTD (REGISTERED NUMBER: 11400845) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2022 |
10. | LOANS - continued |
30.6.22 | 30.6.21 |
£ | £ |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst | 48,573 | 48,573 |
11. | PROVISIONS FOR LIABILITIES |
30.6.22 | 30.6.21 |
£ | £ |
Deferred tax | 4,358 | 4,358 |
Deferred |
tax |
£ |
Balance at 1 July 2021 |
Balance at 30 June 2022 |
12. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.22 | 30.6.21 |
value: | £ | £ |
A Ordinary | £1 | 50 | 50 |
B Ordinary | £1 | 50 | 50 |
C Ordinary | £1 | 1 | 1 |
D Ordinary | £1 | 1 | 1 |
102 | 102 |
KCIS LONDON LTD (REGISTERED NUMBER: 11400845) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2022 |
13. | RESERVES |
Retained | Non-distributable |
earnings | reserves | Totals |
£ | £ | £ |
At 1 July 2021 | 63,609 |
Profit for the year |
Dividends | ( |
) | ( |
) |
At 30 June 2022 | 146,061 |
14. | RELATED PARTY DISCLOSURES |
As at the balance sheet date, included in creditors due within one year is £147,743 (2021: £145,980) due and payable to the directors. The amount is interest free and repayable on demand. |
As at the balance sheet date, included in creditors due within more than one year is £700,000 (2021: £700,000) due and payable to the directors. During the period, interest was charged at 8%. |