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Registered Number: 08834858
England and Wales

 

 

 

KAC COMMUNICATIONS LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
Directors Grzegorz Krol
Bisola Edith Obileye
Registered Number 08834858
Registered Office 8
Northumberland Avenue
London
WC2N 5BY
Accountants Bisola Obileye Accounting Services
5 Heatherfold Way
Pinner
Middlesex
HA5 2LG
1
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts KAC Communications Limited for the year ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of KAC Communications Limited for the year ended 31 March 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the Board of Directors of KAC Communications Limited , as a body, in accordance with the terms of our engagement letter dated 21 October 2023. Our work has been undertaken solely to prepare for your approval the accounts of KAC Communications Limited and state those matters that we have agreed to state to the Board of Directors of KAC Communications Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KAC Communications Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that KAC Communications Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit KAC Communications Limited. You consider that KAC Communications Limited is exempt from the statutory audit requirement for the year

We have not been instructed to carry out an audit or a review of the accounts of KAC Communications Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
Bisola Obileye Accounting Services
5 Heatherfold Way
Pinner
Middlesex
HA5 2LG
20 October 2023
2
 
 
Notes
 
2023
£
  2022
£
Current assets      
Debtors: amounts falling due within one year 3 193,674    107,675 
Cash at bank and in hand 48,654    180,015 
242,328    287,690 
Creditors: amount falling due within one year 4 (231,367)   (280,271)
Net current assets 10,961    7,419 
 
Total assets less current liabilities 10,961    7,419 
Net assets 10,961    7,419 
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account 10,861    7,319 
Shareholder's funds 10,961    7,419 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 13 October 2023 and were signed on its behalf by:


-------------------------------
Grzegorz Krol
Director
3
General Information
KAC Communications Limited is a private company, limited by shares, registered in England and Wales, registration number 08834858, registration address 8, Northumberland Avenue, London, WC2N 5BY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 4).
3.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 171,250    89,500 
Prepayments & Accrued Income 22,424    18,111 
Corporation Tax   64 
193,674    107,675 

4.

Creditors: amount falling due within one year

2023
£
  2022
£
Corporation Tax 621   
Advance Paid 230,059    205,871 
Other Creditors   (1)
Dividends Payable - Equity   50,000 
VAT 687    24,401 
231,367    280,271 

5.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

4