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Company Registration No. 10830217 (England and Wales)
KMG Accountancy Ltd Unaudited accounts for the year ended 31 March 2025
KMG Accountancy Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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KMG Accountancy Ltd Company Information for the year ended 31 March 2025
Director
Kristopher John McGrath
Company Number
10830217 (England and Wales)
Registered Office
57 Newtown Road Hove BN3 7BA United Kingdom
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KMG Accountancy Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
26,968
9,414
Current assets
Debtors
5
77,763
31,915
Cash at bank and in hand
16,546
7,686
94,309
39,601
Creditors: amounts falling due within one year
6
(64,944)
(7,030)
Net current assets
29,365
32,571
Total assets less current liabilities
56,333
41,985
Creditors: amounts falling due after more than one year
7
(23,572)
(28,343)
Net assets
32,761
13,642
Capital and reserves
Called up share capital
100
100
Profit and loss account
32,661
13,542
Shareholders' funds
32,761
13,642
For the year ending 31 March 2025 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 7 November 2025 and were signed on its behalf by
Kristopher John McGrath Director Company Registration No. 10830217
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KMG Accountancy Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
KMG Accountancy Ltd is a private company, limited by shares, registered in England and Wales, registration number 10830217. The registered office is 57 Newtown Road, Hove, BN3 7BA, United Kingdom.
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.
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 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:
Motor vehicles
5
Fixtures & fittings
3
Computer equipment
3
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
18,000
9,676
3,353
31,029
Additions
22,250
416
469
23,135
Disposals
(18,000)
-
-
(18,000)
At 31 March 2025
22,250
10,092
3,822
36,164
Depreciation
At 1 April 2024
16,500
4,072
1,043
21,615
Charge for the year
1,742
2,813
1,026
5,581
On disposals
(18,000)
-
-
(18,000)
At 31 March 2025
242
6,885
2,069
9,196
Net book value
At 31 March 2025
22,008
3,207
1,753
26,968
At 31 March 2024
1,500
5,604
2,310
9,414
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KMG Accountancy Ltd Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
13,722
4,777
Deferred tax asset
-
2,385
Accrued income and prepayments
4,760
4,270
Other debtors
59,281
20,483
77,763
31,915
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
1,111
1,111
Taxes and social security
3,672
467
Other creditors
29,334
5,040
Loans from directors
30,827
412
64,944
7,030
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
23,572
28,343
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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