REGISTERED NUMBER: |
KC BROKERS LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 12TH JUNE 2022 TO 30TH JUNE 2023 |
REGISTERED NUMBER: |
KC BROKERS LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 12TH JUNE 2022 TO 30TH JUNE 2023 |
KC BROKERS LTD (REGISTERED NUMBER: 14166814) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 12TH JUNE 2022 TO 30TH JUNE 2023 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 2 | to | 3 |
KC BROKERS LTD (REGISTERED NUMBER: 14166814) |
BALANCE SHEET |
30TH JUNE 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Retained earnings |
The director acknowledges her 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. |
The financial statements were approved by the director and authorised for issue on |
KC BROKERS LTD (REGISTERED NUMBER: 14166814) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 12TH JUNE 2022 TO 30TH JUNE 2023 |
1. | STATUTORY INFORMATION |
Kc Brokers Ltd is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. |
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
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 |
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: |
Plant and Machinery 20% Straight Line |
Computer Equipment 33% Straight Line |
Taxation |
Taxation for the period 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. |
Debtors and creditors receivable / payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
KC BROKERS LTD (REGISTERED NUMBER: 14166814) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 12TH JUNE 2022 TO 30TH JUNE 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
At 30th June 2023 |
DEPRECIATION |
Charge for period |
At 30th June 2023 |
NET BOOK VALUE |
At 30th June 2023 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Taxation and social security |
Other creditors |