KGX ASSOCIATES LIMITED

Registered Number: 07747241 KGX ASSOCIATES LIMITED
Statement of Financial Position
As at 31 December 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	326	522
		326	522
Current assets
Stocks	4	184,635	244,322
Debtors	5	111,356	112,964
Cash at bank and in hand		1,324	1,780
		297,315	359,066
Creditors: amount falling due within one year	6	(434,879)	(563,554)
Net current assets		(137,564)	(204,488)

Total assets less current liabilities		(137,238)	(203,966)
Creditors: amount falling due after more than one year	7	-	(3,677)
Net assets		(137,238)	(207,643)

Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		(138,238)	(208,643)
Shareholders' funds		(137,238)	(207,643)

For the year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 11 September 2026 and were signed by:

-------------------------------
Martin Lee
Director

KGX ASSOCIATES LIMITED
Notes to the Financial Statements
For the year ended 31 December 2025

General Information

KGX ASSOCIATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07747241, registration address Flat 606 Butterfly Court,, 22 Mast Street, Barking, IG11 7FY.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Revenue from the sale of goods is recognised when significant risk and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	15% Straight Line
Computer Equipment	20% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 January 2025	600	3,272	3,872
Additions	-	-	-
Disposals	-	-	-
At 31 December 2025	600	3,272	3,872
Depreciation
At 01 January 2025	360	2,990	3,350
Charge for year	90	106	196
On disposals	-	-	-
At 31 December 2025	450	3,096	3,546
Net book values
Closing balance as at 31 December 2025	150	176	326
Opening balance as at 01 January 2025	240	282	522

Stocks

	2025 £		2024 £
Stocks	184,635		244,322
	184,635		244,322

Debtors: amounts falling due within one year

	2025 £		2024 £
Other Debtors	111,356		112,964
	111,356		112,964

Creditors: amount falling due within one year

	2025 £	2024 £
Bank Loans & Overdrafts	19,653	11,138
PAYE & Social Security	2,804	-
Accrued Expenses	1,800	2,784
Other Creditors	67,060	102,691
Amounts received on account	201,697	295,591
Directors' Current Accounts	141,865	151,350
	434,879	563,554

Creditors: amount falling due after more than one year

	2025 £		2024 £
Bank Loans & Overdrafts	-		3,677
	-		3,677

8.	Director’s loan

Director loan accounts

At reporting date, the company owed £141,865 (2024: £151,350) to director.