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REGISTERED NUMBER: 05987923 (England and Wales)















KONAGOLD LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2023






KONAGOLD LIMITED (REGISTERED NUMBER: 05987923)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KONAGOLD LIMITED

COMPANY INFORMATION
for the Year Ended 30 SEPTEMBER 2023







DIRECTORS: Mrs M Ridler
Mr M N Szepietowski





SECRETARY: Mr M N Szepietowski





REGISTERED OFFICE: 8 Anyards Road
Cobham
Surrey
KT11 2JZ





REGISTERED NUMBER: 05987923 (England and Wales)





ACCOUNTANTS: D M B Davies Limited
Broyan House
Priory Street
Cardigan
Ceredigion
SA43 1BZ

KONAGOLD LIMITED (REGISTERED NUMBER: 05987923)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,265 4,397

CURRENT ASSETS
Debtors 5 452,949 402,551
Cash at bank and in hand 422,525 805,148
875,474 1,207,699
CREDITORS
Amounts falling due within one year 6 403,171 716,875
NET CURRENT ASSETS 472,303 490,824
TOTAL ASSETS LESS CURRENT
LIABILITIES

477,568

495,221

CREDITORS
Amounts falling due after more than one
year

7

(202,862

)

(274,499

)

PROVISIONS FOR LIABILITIES (1,001 ) (673 )
NET ASSETS 273,705 220,049

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 243,705 190,049
SHAREHOLDERS' FUNDS 273,705 220,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

KONAGOLD LIMITED (REGISTERED NUMBER: 05987923)

BALANCE SHEET - continued
30 SEPTEMBER 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 30 January 2024 and were signed on its behalf by:





Mr M N Szepietowski - Director


KONAGOLD LIMITED (REGISTERED NUMBER: 05987923)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Konagold Limited is a private company, limited by shares , registered in England and Wales. 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 etc - 15% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

KONAGOLD LIMITED (REGISTERED NUMBER: 05987923)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2022 33,300 3,154 - 36,454
Additions - - 2,038 2,038
At 30 September 2023 33,300 3,154 2,038 38,492
DEPRECIATION
At 1 October 2022 30,093 1,964 - 32,057
Charge for year 481 179 510 1,170
At 30 September 2023 30,574 2,143 510 33,227
NET BOOK VALUE
At 30 September 2023 2,726 1,011 1,528 5,265
At 30 September 2022 3,207 1,190 - 4,397

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 451,685 401,287
Other debtors 1,264 1,264
452,949 402,551

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 360,036 655,077
Taxation and social security 38,635 58,898
Other creditors 4,500 2,900
403,171 716,875

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 202,862 274,499

8. RELATED PARTY DISCLOSURES

According to the Director there were no other related party transactions during the year.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs M Ridler.