REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 January 2023 |
for |
Komgree Group Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 January 2023 |
for |
Komgree Group Limited |
Komgree Group Limited (Registered number: 11498629) |
Contents of the Financial Statements |
for the Year Ended 31 January 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Komgree Group Limited |
Company Information |
for the Year Ended 31 January 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
14 Clifton Moor Business Village |
James Nicolson Link |
York |
YO30 4XG |
Komgree Group Limited (Registered number: 11498629) |
Balance Sheet |
31 January 2023 |
31.1.23 | 31.1.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Prepayments and accrued income |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
Komgree Group Limited (Registered number: 11498629) |
Balance Sheet - continued |
31 January 2023 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Komgree Group Limited (Registered number: 11498629) |
Notes to the Financial Statements |
for the Year Ended 31 January 2023 |
1. | STATUTORY INFORMATION |
Komgree Group Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Komgree Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Recharges of wages and expenses to group companies are shown as turnover. |
Government grants |
Government grants are included in profit or loss based on the accrual method. |
During the year the company received £82 (2022 - £144,937) of grants provided by the Government to support businesses during the Coronavirus pandemic. |
Investments in subsidiaries and associates |
Investments in subsidiary and associate undertakings are recognised at cost. |
Taxation |
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current 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. |
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 |
Komgree Group Limited (Registered number: 11498629) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2023 |
4. | FIXED ASSET INVESTMENTS |
Shares in | Interest |
group | in |
undertakings | associate | Totals |
£ | £ | £ |
COST |
At 1 February 2022 | 540 | 651 |
Additions | 10,122 |
At 31 January 2023 | 10,773 |
NET BOOK VALUE |
At 31 January 2023 | 10,773 |
At 31 January 2022 | 651 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Subsidiaries |
Registered office: 14 Clifton Moor Business Village, James Nicolson Link, York. |
Nature of business: |
% |
Class of shares: | holding |
Registered office: 14 Clifton Moor Business Village, James Nicolson Link, York. |
Nature of business: |
% |
Class of shares: | holding |
Registered office: 14 Clifton Moor Business Village, James Nicolson Link, York. |
Nature of business: |
% |
Class of shares: | holding |
Associated companies |
Registered office: 14 Clifton Moor Business Village, James Nicolson Link, York. |
Nature of business: |
% |
Class of shares: | holding |
Registered office: 14 Clifton Moor Business Village, James Nicolson Link, York. |
Nature of business: |
% |
Class of shares: | holding |
Komgree Group Limited (Registered number: 11498629) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2023 |
4. | FIXED ASSET INVESTMENTS - continued |
Registered office: 14 Clifton Moor Business Village, James Nicolson Link, York. |
Nature of business: |
% |
Class of shares: | holding |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.23 | 31.1.22 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.23 | 31.1.22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.1.23 | 31.1.22 |
£ | £ |
Bank loans |
8. | RELATED PARTY DISCLOSURES |
Transactions with director |
2023 | At 1.2.22 | Advances | Repayments | At 31.1.23 |
£ | £ | £ | £ |
Advances, interest free and repayable on demand |
54,921 |
94,957 |
55,000 |
94,878 |
2022 | At 1.2.21 | Advances | Repayments | At 31.1.22 |
£ | £ | £ | £ |
Advance, interest free and repayable on demand |
56,132 |
55,789 |
57,000 |
54,921 |
Komgree Group Limited (Registered number: 11498629) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2023 |
8. | RELATED PARTY DISCLOSURES - continued |
Transactions with associated companies |
Income from associated companies |
31.1.23 | 31.1.22 |
£ | £ |
Receipts of services | 627,695 | 386,663 |
Loans to associated companies |
31.1.23 | 31.1.22 |
£ | £ |
At start of period | 207,990 | 194,276 |
Advanced | - | 13,714 |
Repaid | 34,574 | - |
At end of period | 173,416 | 207,990 |
Loans from associated companies |
31.1.23 | 31.1.22 |
£ | £ |
At start of period | 169,471 | 165,850 |
Advanced | 47,620 | 3,621 |
At end of period | 217,091 | 169,471 |