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Company Registration No. 10282502 (England and Wales)
K & G Solutions Ltd Unaudited accounts for the year ended 31 July 2023
K & G Solutions Ltd Unaudited accounts Contents
Page
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K & G Solutions Ltd Company Information for the year ended 31 July 2023
Directors
Kevin Sullivan Deborah Sullivan
Company Number
10282502 (England and Wales)
Registered Office
4 Cadogan House Richmond Drive, Woodford Green England IG8 8RQ UK
Accountants
TOA LTD t/a The Online Accountancy 124 City Road London EC1V 2NX
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K & G Solutions Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,380 
7,523 
Current assets
Inventories
2,100 
2,100 
Debtors
159,449 
95,507 
Cash at bank and in hand
264,547 
256,865 
426,096 
354,472 
Creditors: amounts falling due within one year
(106,474)
(61,102)
Net current assets
319,622 
293,370 
Net assets
322,002 
300,893 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
321,902 
300,793 
Shareholders' funds
322,002 
300,893 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2024 and were signed on its behalf by
Kevin Sullivan Director Company Registration No. 10282502
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K & G Solutions Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
K & G Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 10282502. The registered office is 4 Cadogan House, Richmond Drive,, Woodford Green, England, IG8 8RQ , UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 July 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Depreciated using straight-line method over 4 years
Computer equipment
Depreciated using straight-line method over 4 years
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
13,424 
4,205 
17,629 
At 31 July 2023
13,424 
4,205 
17,629 
Depreciation
At 1 August 2022
8,972 
1,134 
10,106 
Charge for the year
3,451 
1,692 
5,143 
At 31 July 2023
12,423 
2,826 
15,249 
Net book value
At 31 July 2023
1,001 
1,379 
2,380 
At 31 July 2022
4,452 
3,071 
7,523 
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K & G Solutions Ltd Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
130,740 
90,180 
Other debtors
28,709 
5,327 
159,449 
95,507 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
25,544 
28,531 
Trade creditors
21,110 
7,248 
Taxes and social security
51,200 
17,391 
Other creditors
7,933 
7,932 
Loans from directors
687 
- 
106,474 
61,102 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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