Registered number
05791356
KGCC Ltd
Filleted Accounts
31 March 2025
KGCC Ltd
Registered number: 05791356
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 13,351 18,329
Current assets
Debtors 4 18,121 15,762
Cash at bank and in hand 46,577 45,558
64,698 61,320
Creditors: amounts falling due within one year 5 (50,514) (47,542)
Net current assets 14,184 13,778
Total assets less current liabilities 27,535 32,107
Provisions for liabilities (335) (668)
Net assets 27,200 31,439
Capital and reserves
Called up share capital 2 2
Profit and loss account 27,198 31,437
Shareholders' funds 27,200 31,439
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K M Green
Director
Approved by the board on 9 July 2025
KGCC Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings 15 years straight line
Plant and machinery over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Short leasehold land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2024 65,338 27,836 93,174
At 31 March 2025 65,338 27,836 93,174
Depreciation
At 1 April 2024 47,905 26,940 74,845
Charge for the year 4,355 623 4,978
At 31 March 2025 52,260 27,563 79,823
Net book value
At 31 March 2025 13,078 273 13,351
At 31 March 2024 17,433 896 18,329
4 Debtors 2025 2024
£ £
Trade debtors 18,121 15,762
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 12,774 3,640
Taxation and social security costs 16,455 23,972
Other creditors 21,285 19,930
50,514 47,542
6 Other information
KGCC Ltd is a private company limited by shares and incorporated in England. Its registered office is:
22 Matthews Chase
Binfield
Bracknell
Berks
RG42 4UR
KGCC Ltd 05791356 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts April 2025 K M Green No description of principal activity 05791356 2023-04-01 2024-03-31 05791356 core:WithinOneYear 2024-03-31 05791356 core:ShareCapital 2024-03-31 05791356 core:RetainedEarningsAccumulatedLosses 2024-03-31 05791356 2024-04-01 2025-03-31 05791356 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05791356 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05791356 bus:Director40 2024-04-01 2025-03-31 05791356 1 2024-04-01 2025-03-31 05791356 2 2024-04-01 2025-03-31 05791356 core:LandBuildings 2024-04-01 2025-03-31 05791356 core:PlantMachinery 2024-04-01 2025-03-31 05791356 countries:England 2024-04-01 2025-03-31 05791356 bus:FRS102 2024-04-01 2025-03-31 05791356 bus:FilletedAccounts 2024-04-01 2025-03-31 05791356 2025-03-31 05791356 core:WithinOneYear 2025-03-31 05791356 core:ShareCapital 2025-03-31 05791356 core:RetainedEarningsAccumulatedLosses 2025-03-31 05791356 core:LandBuildings 2025-03-31 05791356 core:PlantMachinery 2025-03-31 05791356 2024-03-31 05791356 core:LandBuildings 2024-03-31 05791356 core:PlantMachinery 2024-03-31 iso4217:GBP xbrli:pure