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Company Registration No. 12345000 (England and Wales)
KG POLYMER LTD Unaudited accounts for the year ended 31 December 2023
KG POLYMER LTD Unaudited accounts Contents
Page
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KG POLYMER LTD Company Information for the year ended 31 December 2023
Director
Xiting Lian
Company Number
12345000 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU ENGLAND
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KG POLYMER LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,863 
6,426 
Current assets
Inventories
81,500 
87,177 
Debtors
30,240 
32,094 
Cash at bank and in hand
41,842 
40 
153,582 
119,311 
Creditors: amounts falling due within one year
(122,433)
(103,459)
Net current assets
31,149 
15,852 
Total assets less current liabilities
38,012 
22,278 
Creditors: amounts falling due after more than one year
(14,255)
- 
Provisions for liabilities
Deferred tax
(872)
(1,221)
Net assets
22,885 
21,057 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
22,884 
21,056 
Shareholders' funds
22,885 
21,057 
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 3 January 2025 and were signed on its behalf by
Xiting Lian Director Company Registration No. 12345000
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KG POLYMER LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
KG POLYMER LTD is a private company, limited by shares, registered in England and Wales, registration number 12345000. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, ENGLAND.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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
15% Written down value
Fixtures & fittings
33% Written down value
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
8,157 
1,814 
9,971 
Additions
- 
2,273 
2,273 
At 31 December 2023
8,157 
4,087 
12,244 
Depreciation
At 1 January 2023
2,409 
1,136 
3,545 
Charge for the year
862 
974 
1,836 
At 31 December 2023
3,271 
2,110 
5,381 
Net book value
At 31 December 2023
4,886 
1,977 
6,863 
At 31 December 2022
5,748 
678 
6,426 
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KG POLYMER LTD Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
30,240 
29,478 
Other debtors
- 
2,616 
30,240 
32,094 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,902 
23,396 
Trade creditors
- 
323 
Taxes and social security
17,686 
8,194 
Other creditors
98,429 
71,546 
Loans from directors
1,416 
- 
122,433 
103,459 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,255 
- 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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