KGS1 LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09051020 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2019

FOR

KGS1 LIMITED

Page

Company Information

1

Report of the Accountants

2

Abridged Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Mr P Owen

REGISTERED OFFICE:

4th Floor

Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

REGISTERED NUMBER:

09051020 (England and Wales)

ACCOUNTANTS:

JSA Services Limited

4th Floor

Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain

other primary statements and the Report of the Director are not required to be filed with the Registrar of

Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 May 2019 set out on pages two to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

JSA Services Limited

4th Floor

Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

Date: .............................................

FIXED ASSETS

Tangible assets

4

3,875

1,802

CURRENT ASSETS

Debtors

32,077

24,050

Cash at bank

255,932

276,687

288,009

300,737

CREDITORS

Amounts falling due within one year

26,861

33,993

NET CURRENT ASSETS

261,148

266,744

TOTAL ASSETS LESS CURRENT LIABILITIES

265,023

268,546

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

6

264,923

268,446

SHAREHOLDERS' FUNDS

265,023

268,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 May 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 December 2019 and were signed by:

Mr P Owen - Director

1.	STATUTORY INFORMATION

KGS1 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 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.

Tangible fixed assets

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

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2018

7,712

Additions

4,837

At 31 May 2019

12,549

DEPRECIATION

At 1 June 2018

5,910

Charge for year

2,764

At 31 May 2019

8,674

NET BOOK VALUE

At 31 May 2019

3,875

At 31 May 2018

1,802

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1

Ordinary

£100

100

100

6.

RESERVES

Reserves £264,923

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2019 and

31 May 2018:

2019

2018

£

£

Mr P Owen

Balance outstanding at start of year

(1,439

)

(624

)

Amounts advanced

13,830

7,362

Amounts repaid

(12,417

)

(8,177

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(26

)

(1,439

)

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P Owen.