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

KCG INTERNATIONAL LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Kazhegeldin

M Kazhegeldin

REGISTERED OFFICE:

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

REGISTERED NUMBER:

05309809 (England and Wales)

ACCOUNTANTS:

Halsey & Co (Accountants) Ltd.

Chartered Certified Accountants

Registered Auditors

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

FIXED ASSETS

Tangible assets

5

694

1,386

CURRENT ASSETS

Debtors

6

316,468

364,315

Cash at bank

22,913

38,990

339,381

403,305

CREDITORS

Amounts falling due within one year

7

121,701

167,619

NET CURRENT ASSETS

217,680

235,686

TOTAL ASSETS LESS CURRENT LIABILITIES

218,374

237,072

PROVISIONS FOR LIABILITIES

132

263

NET ASSETS

218,242

236,809

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

218,240

236,807

SHAREHOLDERS' FUNDS

218,242

236,809

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 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.

The financial statements were approved by the Board of Directors on 31st January 2020 and were signed on its behalf by:

A Kazhegeldin - Director

1.	STATUTORY INFORMATION

KCG 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Computer equipment

-

25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st January 2018

and 31st December 2018

5,086

DEPRECIATION

At 1st January 2018

3,700

Charge for year

692

At 31st December 2018

4,392

NET BOOK VALUE

At 31st December 2018

694

At 31st December 2017

1,386

6.

DEBTORS

31.12.18

31.12.17

£

£

Amounts falling due within one year:

Other debtors

52,657

101,714

Directors' current accounts

205,908

204,995

VAT

676

676

259,241

307,385

Amounts falling due after more than one year:

Tax

57,227

56,930

Aggregate amounts

316,468

364,315

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

4,475

174

Tax

39,316

163,570

Other creditors

74,410

-

Accrued expenses

3,500

3,875

121,701

167,619

8.	RELATED PARTY DISCLOSURES

During the year, loans and advances were issued in respect of a director. The loans were subject to interest at

market rates and repayable on demand. At the year end, the company was owed £205,908 (2017 - £204,995).