KGM CONSULTANCY LTD


Director	MCKENZIE, Karen


Registered Address	42 Lytton Road
	Barnet
	EN5 5BY


Registered Number	13199918 (England and Wales)

Statement of Financial Position
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,562		2,497
			1,562		2,497
Current assets
Debtors	4	13,317		11,660
Cash at bank and on hand		6,905		3,547
		20,222		15,207
Creditors amounts falling due within one year	5	(20,813)		(17,079)
Net current assets (liabilities)			(591)		(1,872)
Total assets less current liabilities			971		625
Net assets			971		625
Capital and reserves
Called up share capital			100		100
Profit and loss account			871		525
Shareholders' funds			971		625

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 30 November 2025, and are signed on its behalf by:

MCKENZIE, Karen
Director
Registered Company No. 13199918

KGM CONSULTANCY LTD

Notes to the Financial Statements
for the year ended 28 February 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	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).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Fixtures and fittings	5
	Office Equipment	5

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 March 24	3,426	1,250	4,676
At 28 February 25	3,426	1,250	4,676
Depreciation and impairment
At 01 March 24	1,429	750	2,179
Charge for year	685	250	935
At 28 February 25	2,114	1,000	3,114
Net book value
At 28 February 25	1,312	250	1,562
At 29 February 24	1,997	500	2,497

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	8,208	-
Other debtors	5,109	11,660
Total	13,317	11,660

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	8,055	7,502
Accrued liabilities and deferred income	12,758	9,577
Total	20,813	17,079

6.	Related party transactions
	As at the balance sheet date included within debtors is an amount of £5,109 (2024: £11,660), due and payable by the director. Interest of £122 was charged at 2.25% on the overdrawn amount for the period. This amount is fully repaid within nine months from the balance sheet date.