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
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
KMG Accountancy Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
26,968
9,414
Cash at bank and in hand
16,546
7,686
Creditors: amounts falling due within one year
(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
(23,572)
(28,343)
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
KMG Accountancy Ltd
Notes to the Accounts
for the year ended 31 March 2025
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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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
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
At 31 March 2025
22,008
3,207
1,753
26,968
At 31 March 2024
1,500
5,604
2,310
9,414
KMG Accountancy Ltd
Notes to the Accounts
for the year ended 31 March 2025
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
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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
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Creditors: amounts falling due after more than one year
2025
2024
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Average number of employees
During the year the average number of employees was 2 (2024: 2).