IRIS Accounts Production v24.3.2.46 11152363 director 1.2.23 31.1.24 31.1.24 No description of principal activity 0 0 false true false false true true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111523632023-01-31111523632024-01-31111523632023-02-012024-01-31111523632022-01-31111523632022-02-012023-01-31111523632023-01-3111152363ns15:EnglandWales2023-02-012024-01-3111152363ns14:PoundSterling2023-02-012024-01-3111152363ns10:Director12023-02-012024-01-3111152363ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3111152363ns10:SmallEntities2023-02-012024-01-3111152363ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3111152363ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3111152363ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3111152363ns10:FullAccounts2023-02-012024-01-3111152363ns10:EntityNoLongerTradingButTradedInPast2023-02-012024-01-3111152363ns10:CompanySecretary12023-02-012024-01-3111152363ns10:RegisteredOffice2023-02-012024-01-3111152363ns5:CurrentFinancialInstruments2024-01-3111152363ns5:CurrentFinancialInstruments2023-01-3111152363ns5:Non-currentFinancialInstruments2024-01-3111152363ns5:Non-currentFinancialInstruments2023-01-3111152363ns5:RetainedEarningsAccumulatedLosses2024-01-3111152363ns5:RetainedEarningsAccumulatedLosses2023-01-3111152363ns5:MotorVehicles2023-02-012024-01-3111152363ns5:ComputerEquipment2023-02-012024-01-3111152363ns5:MotorVehicles2023-01-3111152363ns5:ComputerEquipment2023-01-3111152363ns5:MotorVehicles2024-01-3111152363ns5:ComputerEquipment2024-01-3111152363ns5:MotorVehicles2023-01-3111152363ns5:ComputerEquipment2023-01-3111152363ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-01-3111152363ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-01-3111152363ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-01-3111152363ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-01-3111152363ns5:RetainedEarningsAccumulatedLosses2023-01-3111152363ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-31
REGISTERED NUMBER: 11152363 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

KMG HOLDINGS LTD

KMG HOLDINGS LTD (REGISTERED NUMBER: 11152363)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KMG HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: K W Morgan





SECRETARY:





REGISTERED OFFICE: Former Alcoa Office
Westfield Park Industrial
Swansea
SA5 4SF





REGISTERED NUMBER: 11152363 (England and Wales)





ACCOUNTANTS: Charles & Co
Chartered Certified Accountants
3 Murray Street
Llanelli
Carmarthenshire
SA15 1AQ

KMG HOLDINGS LTD (REGISTERED NUMBER: 11152363)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,503 6,503

CURRENT ASSETS
Cash at bank 152 152

CREDITORS
Amounts falling due within one year 5 1,419 1,419
NET CURRENT LIABILITIES (1,267 ) (1,267 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,236

5,236

CREDITORS
Amounts falling due after more than one
year

6

38,664

38,664
NET LIABILITIES (33,428 ) (33,428 )

RESERVES
Retained earnings 7 (33,428 ) (33,428 )
(33,428 ) (33,428 )

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 January 2024.

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

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 28 January 2025 and were signed by:





K W Morgan - Director


KMG HOLDINGS LTD (REGISTERED NUMBER: 11152363)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

KMG Holdings Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 14,500 755 15,255
DEPRECIATION
At 1 February 2023
and 31 January 2024 8,383 369 8,752
NET BOOK VALUE
At 31 January 2024 6,117 386 6,503
At 31 January 2023 6,117 386 6,503

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' loan accounts 1,336 1,336
Accrued expenses 83 83
1,419 1,419

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 13,664 13,664
Bank loans more 5 yr by instal 25,000 25,000
38,664 38,664

KMG HOLDINGS LTD (REGISTERED NUMBER: 11152363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 25,000 25,000

7. RESERVES
Retained
earnings
£   

At 1 February 2023 (33,428 )
Profit for the year -
At 31 January 2024 (33,428 )