Silverfin false false 31/07/2024 01/08/2023 31/07/2024 Mr Robert Ewing 01/10/2019 Mr Trevor Hall 31/07/2024 01/10/2019 Mr Philip Harding 01/08/2022 Mr Alan Lees 25/06/2018 Mr Kevin Andrew Porter 01/10/2019 Mr Francis John Richardson 01/10/2019 Mrs Eleanor Jane Wheal 01/08/2024 19 December 2024 The principal activity of the company during the financial year was providing internal audit services to higher education institutions in England. 09075270 2024-07-31 09075270 bus:Director1 2024-07-31 09075270 bus:Director2 2024-07-31 09075270 bus:Director3 2024-07-31 09075270 bus:Director4 2024-07-31 09075270 bus:Director5 2024-07-31 09075270 bus:Director6 2024-07-31 09075270 bus:Director7 2024-07-31 09075270 core:CurrentFinancialInstruments 2024-07-31 09075270 core:CurrentFinancialInstruments 2023-07-31 09075270 2023-07-31 09075270 core:Non-currentFinancialInstruments 2024-07-31 09075270 core:Non-currentFinancialInstruments 2023-07-31 09075270 core:OtherCapitalReserve 2024-07-31 09075270 core:OtherCapitalReserve 2023-07-31 09075270 core:RetainedEarningsAccumulatedLosses 2024-07-31 09075270 core:RetainedEarningsAccumulatedLosses 2023-07-31 09075270 2023-08-01 2024-07-31 09075270 bus:FilletedAccounts 2023-08-01 2024-07-31 09075270 bus:SmallEntities 2023-08-01 2024-07-31 09075270 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 09075270 bus:CompanyLimitedByGuarantee 2023-08-01 2024-07-31 09075270 bus:Director1 2023-08-01 2024-07-31 09075270 bus:Director2 2023-08-01 2024-07-31 09075270 bus:Director3 2023-08-01 2024-07-31 09075270 bus:Director4 2023-08-01 2024-07-31 09075270 bus:Director5 2023-08-01 2024-07-31 09075270 bus:Director6 2023-08-01 2024-07-31 09075270 bus:Director7 2023-08-01 2024-07-31 09075270 2022-08-01 2023-07-31 09075270 core:Non-currentFinancialInstruments 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Company No: 09075270 (England and Wales)

KCG AUDIT LIMITED

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

KCG AUDIT LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

KCG AUDIT LIMITED

BALANCE SHEET

As at 31 July 2024
KCG AUDIT LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Current assets
Debtors 3 88,025 123,005
Cash at bank and in hand 406,620 325,699
494,645 448,704
Creditors: amounts falling due within one year 4 ( 190,778) ( 136,170)
Net current assets 303,867 312,534
Total assets less current liabilities 303,867 312,534
Creditors: amounts falling due after more than one year 5 ( 55,000) ( 66,000)
Net assets 248,867 246,534
Reserves
Other reserves 314,441 312,108
Profit and loss account ( 65,574 ) ( 65,574 )
Total reserves 248,867 246,534

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of KCG Audit Limited (registered number: 09075270) were approved and authorised for issue by the Board of Directors on 19 December 2024. They were signed on its behalf by:

Mr Alan Lees
Director
KCG AUDIT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
KCG AUDIT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

KCG Audit Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 7 Bell Yard, London, WC2A 2JR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable from provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 11 10

3. Debtors

2024 2023
£ £
Trade debtors 56,701 111,489
Prepayments and accrued income 31,324 11,516
88,025 123,005

4. Creditors: amounts falling due within one year

2024 2023
£ £
Other loans 11,000 11,000
Accruals 38,061 58,701
Taxation and social security 72,633 58,875
Other creditors 69,084 7,594
190,778 136,170

5. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 55,000 66,000

There are no amounts included above in respect of which any security has been given by the small entity.