| REGISTERED NUMBER: |
| Abridged Unaudited Financial Statements for the Year Ended 31 October 2024 |
| for |
| KB CONSULTING GLOBAL LIMITED |
| REGISTERED NUMBER: |
| Abridged Unaudited Financial Statements for the Year Ended 31 October 2024 |
| for |
| KB CONSULTING GLOBAL LIMITED |
| KB CONSULTING GLOBAL LIMITED (REGISTERED NUMBER: 08246651) |
| Contents of the Financial Statements |
| for the Year Ended 31 October 2024 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| KB CONSULTING GLOBAL LIMITED |
| Company Information |
| for the Year Ended 31 October 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 27 Daventry Street |
| London |
| NW1 6TD |
| KB CONSULTING GLOBAL LIMITED (REGISTERED NUMBER: 08246651) |
| Abridged Balance Sheet |
| 31 October 2024 |
| 31.10.24 | 31.10.23 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| KB CONSULTING GLOBAL LIMITED (REGISTERED NUMBER: 08246651) |
| Abridged Balance Sheet - continued |
| 31 October 2024 |
| The financial statements were approved by the director and authorised for issue on |
| KB CONSULTING GLOBAL LIMITED (REGISTERED NUMBER: 08246651) |
| Notes to the Financial Statements |
| for the Year Ended 31 October 2024 |
| 1. | STATUTORY INFORMATION |
| KB Consulting Global Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Motor vehicles | - |
| Computer equipment | - |
| 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. |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Fixed asset investments |
| Fixed asset investments listed on the Stock Exchange are measured at fair value through the profit and loss account. |
| Other investments are measured at cost less permanent impairment losses. Permanent impairment losses are recognised in the profit and loss account. |
| KB CONSULTING GLOBAL LIMITED (REGISTERED NUMBER: 08246651) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Going concern |
| The director has assessed the company's trading results at the time of signing the financial statements and confirms that there are no significant doubts in the company's ability to continue as a going concern. |
| The director therefore believes that it is appropriate for the financial statements to be prepared on the going concern basis. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 November 2023 |
| Additions |
| Disposals | ( |
) |
| At 31 October 2024 |
| DEPRECIATION |
| At 1 November 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 October 2024 |
| NET BOOK VALUE |
| At 31 October 2024 |
| At 31 October 2023 |
| 5. | FIXED ASSET INVESTMENTS |
| Information on investments other than loans is as follows: |
| Totals |
| £ |
| COST OR VALUATION |
| At 1 November 2023 | 290,623 |
| Additions | 83,441 |
| Disposals | (177,446 | ) |
| Revaluations | 34,950 |
| At 31 October 2024 | 231,568 |
| NET BOOK VALUE |
| At 31 October 2024 | 231,568 |
| At 31 October 2023 | 290,623 |
| KB CONSULTING GLOBAL LIMITED (REGISTERED NUMBER: 08246651) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 5. | FIXED ASSET INVESTMENTS - continued |
| Fixed asset investments include investments listed on the Stock Exchange. Listed investments are measured at fair value through profit and loss account, the quoted market price amounted to £231,568 (2023: £290,623). |
| The historic cost of fixed asset listed investments was £267,931 (2023: £361,936). |
| Other fixed asset investments (neither listed nor unlisted) are investments in paintings measured at cost less permanent impairment. Permanent impairments are recognised in the profit and loss account. |
| The historic cost of the other fixed asset investments was £174,417 (2023: £174,417). |
| Investments (neither listed nor unlisted) were as follows: |
| 31.10.24 | 31.10.23 |
| £ | £ |
| Other investments | 174,417 | 174,417 |
| 6. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.10.24 | 31.10.23 |
| £ | £ |
| Other debtors |
| 7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| Included in other debtors is an amount owing to the company by the director. These interest free advances totalling £51,171 (2023: £51,039) were made to the director of the company, to provide funds for personal use. The balance represents the highest amount outstanding in the year. |
| 8. | RETAINED EARNINGS |
| The retained earnings at the year end of £562,468 (2023: £691,208) include fixed asset investments revaluation reserve net deficit of £36,363 (2023: net deficit of £71,313). The non distributable reserve is stated net of deferred taxation on revaluation of £Nil (2023: £Nil). |