FKA Group Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC583419 (Scotland)

Unaudited Financial Statements

for the Period 8 December 2017 to 31 December 2018

for

FKA Group Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Kay

REGISTERED OFFICE:

272 Bath Street

Glasgow

G2 4JR

REGISTERED NUMBER:

SC583419 (Scotland)

ACCOUNTANTS:

Sutherland Black

Chartered Accountants

8 Deer Park Avenue

Fairways Business Park

Livingston

West Lothian

EH54 8GA

FIXED ASSETS

Intangible assets

4

10,000

Tangible assets

5

225,159

235,159

CURRENT ASSETS

Debtors

6

33,667

Cash at bank and in hand

1,165

34,832

CREDITORS

Amounts falling due within one year

7

390,454

NET CURRENT LIABILITIES

(355,622

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(120,463

)

CAPITAL AND RESERVES

Called up share capital

8

120

Retained earnings

9

(120,583

)

SHAREHOLDERS' FUNDS

(120,463

)

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

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

The director acknowledges his 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 director on 29 November 2019 and were signed by:

A Kay - Director

1.	STATUTORY INFORMATION

FKA Group Ltd is a private company, limited by shares , registered in Scotland. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

10,000

At 31 December 2018

10,000

NET BOOK VALUE

At 31 December 2018

10,000

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

property

machinery

Totals

£

£

£

COST

Additions

84,159

141,000

225,159

At 31 December 2018

84,159

141,000

225,159

NET BOOK VALUE

At 31 December 2018

84,159

141,000

225,159

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

VAT

33,667

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

223,262

Social security and other taxes

1,146

Pension

128

Other Creditors

164,918

Accrued expenses

1,000

390,454

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

120

Ordinary shares

£1

120

9.

RESERVES

Retained

earnings

£

Deficit for the period

(120,583

)

At 31 December 2018

(120,583

)