KTV International Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06458807 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

KTV INTERNATIONAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J A Vincent

Mrs C B M Vincent

REGISTERED OFFICE:

Nicholson House

41 Thames Street

Weybridge

Surrey

KT13 8JG

REGISTERED NUMBER:

06458807 (England and Wales)

ACCOUNTANTS:

Paul Furrer & Co Limited

Nicholson House

41 Thames Street

Weybridge

Surrey

KT13 8JG

CURRENT ASSETS

Debtors

4

302,871

293,574

Cash at bank

11,377

72,691

314,248

366,265

CREDITORS

Amounts falling due within one year

5

46,382

50,716

NET CURRENT ASSETS

267,866

315,549

TOTAL ASSETS LESS CURRENT LIABILITIES

267,866

315,549

CAPITAL AND RESERVES

Called up share capital

299

299

Retained earnings

267,567

315,250

SHAREHOLDERS' FUNDS

267,866

315,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 23 August 2019 and were signed on its behalf by:

Mrs C B M Vincent - Director

1.	STATUTORY INFORMATION

KTV International Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of

the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

6,779

510

Other debtors

296,092

293,064

302,871

293,574

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

6,779

-

Taxation and social security

23,502

32,698

Other creditors

16,101

18,018

46,382

50,716

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2018 and

31 December 2017:

2018

2017

£

£

Mrs C B M Vincent

Balance outstanding at start of year

230,347

230,469

Amounts repaid

(813

)

(122

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

229,534

230,347

The loan was unsecured, interest-free and with no fixed repayment date.

7.	RELATED PARTY DISCLOSURES

Other debtors includes an amount of £5,100 due from a related undertaking, Peanut & Crumb Limited. The

amount due is unsecured, interest free and being repaid by instalments.