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
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
K & G Solutions Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
2,380
7,523
Cash at bank and in hand
264,547
256,865
Creditors: amounts falling due within one year
(106,474)
(61,102)
Net current assets
319,622
293,370
Net assets
322,002
300,893
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
K & G Solutions Ltd
Notes to the Accounts
for the year ended 31 July 2023
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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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
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
At 31 July 2023
1,001
1,379
2,380
At 31 July 2022
4,452
3,071
7,523
K & G Solutions Ltd
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Trade debtors
130,740
90,180
Other debtors
28,709
5,327
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
21,110
7,248
Taxes and social security
51,200
17,391
Other creditors
7,933
7,932
Loans from directors
687
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Average number of employees
During the year the average number of employees was 2 (2022: 2).