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REGISTERED NUMBER: 02516383 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 June 2024

for

KCG Services Limited

KCG Services Limited (Registered number: 02516383)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KCG Services Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: S T White





REGISTERED OFFICE: Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS





REGISTERED NUMBER: 02516383 (England and Wales)





ACCOUNTANTS: Ward Mackenzie Ltd
Chartered Accountants
Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS

KCG Services Limited (Registered number: 02516383)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,659 4,879

CURRENT ASSETS
Debtors 5 78,524 129,646
Cash at bank 133,347 122,613
211,871 252,259
CREDITORS
Amounts falling due within one year 6 (24,132 ) (40,152 )
NET CURRENT ASSETS 187,739 212,107
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,398

216,986

CAPITAL AND RESERVES
Called up share capital 51 51
Capital redemption reserve 7 52 52
Retained earnings 7 191,295 216,883
SHAREHOLDERS' FUNDS 191,398 216,986

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KCG Services Limited (Registered number: 02516383)

Balance Sheet - continued
30 June 2024


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 director and authorised for issue on 10 September 2024 and were signed by:





S T White - Director


KCG Services Limited (Registered number: 02516383)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

KCG Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 derived from the ordinary activities of the company and represents net invoiced sales of goods, excluding value added tax.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

DEFERRED TAX
Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date as these are considered immaterial.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

KCG Services Limited (Registered number: 02516383)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 375 5,860 6,235
DEPRECIATION
At 1 July 2023 63 1,293 1,356
Charge for year 78 1,142 1,220
At 30 June 2024 141 2,435 2,576
NET BOOK VALUE
At 30 June 2024 234 3,425 3,659
At 30 June 2023 312 4,567 4,879

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 73,031 124,750
Prepayments 5,493 4,896
78,524 129,646

The directors consider the carrying value of trade and other receivables approximate to their fair values.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,681 27,382
Social security and other tax 2,863 4,358
VAT 4,845 704
Directors' loan accounts 3,749 1,480
Accrued expenses 4,994 6,228
24,132 40,152

The directors consider the carrying amounts of current liabilities approximate to their fair values.

KCG Services Limited (Registered number: 02516383)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 July 2023 216,883 52 216,935
Deficit for the year (2,788 ) (2,788 )
Dividends (22,800 ) (22,800 )
At 30 June 2024 191,295 52 191,347

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

8. RELATED PARTY DISCLOSURES

Mr S White is also a director and shareholder of STW Fabrications Ltd.

During the year the company invoiced STW Fabrications Ltd £30,931 (2023 : £47,996). At the year end the company was owed £nil (2023 : £4,000) by STW Fabrications Ltd and this balance is included in trade debtors.

During the year the company incurred Consultancy expense of £23,450 (2023 : £40,200), Rent expenses of £11,550 (2023 : £19,800), Purchases of £33,057 (2023 : £84,263) and Equipment hire cost of £15,389 (2023 : £27,952) from STW Fabrications Ltd. At the year end the company owed £nil (2023 : £18,846) to STW Fabrications Ltd and this balance is included in trade creditors.

These transactions were at arms length and in the normal course of business.

During year company has paid a salary of £4,000 (2023 : £6,000) to D White, a shareholder of company.

9. ULTIMATE CONTROLLING PARTY

The controlling party is S T White.