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REGISTERED NUMBER: SC530850 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

KJGINITIATIVES LTD.

KJGINITIATIVES LTD. (REGISTERED NUMBER: SC530850)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KJGINITIATIVES LTD.

COMPANY INFORMATION
For The Year Ended 31 March 2023







DIRECTORS: Mrs Kerrien Jane Grant
Andrew Michael Grant





REGISTERED OFFICE: Innisfree
Achnamara
LOCHGILPHEAD
Argyll
PA31 8PX





REGISTERED NUMBER: SC530850 (Scotland)





ACCOUNTANTS: Andy Newiss & Co Ltd
Broombank
North Connel
Oban
Argyll
PA37 1RD

KJGINITIATIVES LTD. (REGISTERED NUMBER: SC530850)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,583 -

CURRENT ASSETS
Debtors 5 3,323 6,473
Cash at bank 13,080 23,898
16,403 30,371
CREDITORS
Amounts falling due within one year 6 15,999 29,250
NET CURRENT ASSETS 404 1,121
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,987

1,121

PROVISIONS FOR LIABILITIES 396 -
NET ASSETS 1,591 1,121

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,491 1,021
SHAREHOLDERS' FUNDS 1,591 1,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

KJGINITIATIVES LTD. (REGISTERED NUMBER: SC530850)

BALANCE SHEET - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:





Mrs Kerrien Jane Grant - Director


KJGINITIATIVES LTD. (REGISTERED NUMBER: SC530850)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

Kjginitiatives Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

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.

KJGINITIATIVES LTD. (REGISTERED NUMBER: SC530850)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
Additions 594 1,699 2,293
At 31 March 2023 594 1,699 2,293
DEPRECIATION
Charge for year 149 561 710
At 31 March 2023 149 561 710
NET BOOK VALUE
At 31 March 2023 445 1,138 1,583

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,323 6,473

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,954 4,279
Other creditors 13,045 24,971
15,999 29,250