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REGISTERED NUMBER: 13758580 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

KY Management Limited

KY Management Limited (Registered number: 13758580)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KY Management Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: K Zhang





REGISTERED OFFICE: Unit 5 Nathan Way Business Park
Nathan Way
London
SE28 0AU





REGISTERED NUMBER: 13758580 (England and Wales)





ACCOUNTANTS: L&W Chartered Certified Accountants
1st Floor
30 Charing Cross Road
London
WC2H 0DE

KY Management Limited (Registered number: 13758580)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,480 9,125

CURRENT ASSETS
Stocks 93,000 110,000
Debtors 5 33,846 10,435
Cash at bank and in hand 31,586 36,732
158,432 157,167
CREDITORS
Amounts falling due within one year 6 157,676 145,312
NET CURRENT ASSETS 756 11,855
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,236

20,980

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9,136 20,880
9,236 20,980

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

KY Management Limited (Registered number: 13758580)

Balance Sheet - continued
31 December 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 director and authorised for issue on 25 September 2024 and were signed by:





K Zhang - Director


KY Management Limited (Registered number: 13758580)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

KY Management 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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


KY Management Limited (Registered number: 13758580)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 5,002 590 4,000 235 9,827
Additions - - - 284 284
At 31 December 2023 5,002 590 4,000 519 10,111
DEPRECIATION
At 1 January 2023 - 118 533 51 702
Charge for year - 94 694 141 929
At 31 December 2023 - 212 1,227 192 1,631
NET BOOK VALUE
At 31 December 2023 5,002 378 2,773 327 8,480
At 31 December 2022 5,002 472 3,467 184 9,125

KY Management Limited (Registered number: 13758580)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 8,823 -
Other debtors 22,550 7,750
VAT 6 -
Prepayments and accrued income 2,467 2,685
33,846 10,435

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax - 4,429
VAT - 1,659
Other creditors 81,300 81,300
Directors' current accounts 76,362 57,910
Accrued expenses 14 14
157,676 145,312