Kibo Energy Consulting Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC492878 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

Kibo Energy Consulting Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N T Kelly

Mrs L W Kelly

REGISTERED OFFICE:

16 Riverside Drive

Stonehaven

Aberdeenshire

AB39 2GP

REGISTERED NUMBER:

SC492878 (Scotland)

ACCOUNTANTS:

JDD Chartered Accountants

5 Rubislaw Terrace

Aberdeen

Aberdeenshire

AB10 1XE

FIXED ASSETS

Tangible assets

3

1,684

1,430

CURRENT ASSETS

Debtors

4

19,849

Cash at bank

394,912

290,839

414,761

310,688

CREDITORS

Amounts falling due within one year

5

64,530

65,587

NET CURRENT ASSETS

350,231

245,101

TOTAL ASSETS LESS CURRENT
LIABILITIES

351,915

246,531

PROVISIONS FOR LIABILITIES

6

320

269

NET ASSETS

351,595

246,262

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

351,495

246,162

SHAREHOLDERS' FUNDS

351,595

246,262

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 16 March 2020 and were signed on its behalf by:

N T Kelly - Director

1.	STATUTORY INFORMATION

Kibo Energy Consulting 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.

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 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.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2019

2,609

Additions

715

At 31 December 2019

3,324

DEPRECIATION

At 1 January 2019

1,179

Charge for year

461

At 31 December 2019

1,640

NET BOOK VALUE

At 31 December 2019

1,684

At 31 December 2018

1,430

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

Trade debtors

19,800

Other debtors

49

19,849

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

Trade creditors

1

Taxation and social security

60,862

62,181

Other creditors

3,667

3,405

64,530

65,587

6.	PROVISIONS FOR LIABILITIES

31.12.19

31.12.18

£

Deferred tax

320

269

Deferred

tax

£

Balance at 1 January 2019

269

Provided during year

51

Balance at 31 December 2019

320

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.19

31.12.18

value:

£

100

Ordinary

1

100

8.	RELATED PARTY DISCLOSURES

During the year, total dividend of £98,039.21 were paid to the directors.

The directors operate a current account with the company. As at the year end the account was £2,118 in credit

(2018 - £1,856 in credit).

Kibo Energy Consulting Ltd - Accounts to registrar (filleted) - small 18.2

Kibo Energy Consulting Ltd - Accounts to registrar (filleted) - small 18.2