KSM Associates Independent Financial Advisers Ltd - Period Ending 2020-01-31

KSM Associates Independent Financial Advisers Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	2

KSM Associates Independent Financial Advisers Ltd

Company Information

Directors

K Manoucheri S Manouchehri

Registered office

6 Beaumont Street Hexham Northumberland NE46 3LZ

Accountants

TyneRede Accountancy Ltd Chartered Certified Accountant Lloyds Bank House Bellingham Hexham Northumberland NE48 2AZ

KSM Associates Independent Financial Advisers Ltd

(Registration number: 02619472)
Balance Sheet as at 31 January 2020

	2020 £	2018 £
Fixed assets	1,475	596
Current assets	116,526	67,049
Prepayments and accrued income	150	210
Creditors: Amounts falling due within one year	(48,282)	(38,561)
Net current assets	68,394	28,698
Total assets less current liabilities	69,869	29,294
Accruals and deferred income	(1,680)	(1,680)
	68,189	27,614
Capital and reserves	68,189	27,614

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
6 Beaumont Street
Hexham
Northumberland
NE46 3LZ
England

These financial statements were authorised for issue by the Board on 26 January 2021.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4 (2018 - 4).

3	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £450 (2018 - £450).

KSM Associates Independent Financial Advisers Ltd

(Registration number: 02619472)
Balance Sheet as at 31 January 2020

4	Related party transactions

Transactions with directors

2020	At 1 December 2018 £	Advances to directors £	Repayments by director £	At 31 January 2020 £
Interest charged at 2.5% on the average balance (2018 - 0%)	(1,217)	53,546	(41,000)	11,328

2018	At 1 December 2017 £	Advances to directors £	Repayments by director £	At 30 November 2018 £
Interest charged at 2.5% on the average balance (2018 - 0%)	(30,754)	49,537	(20,000)	(1,217)

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial period ending 31 January 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 26 January 2021 and signed on its behalf by:
 

.........................................

K Manoucheri
Director