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KG VEYRON LIMITED - Company Information

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KG VEYRON LIMITED

Registered Number:09194229

For the year ended 31 March 2022

England and Wales

Unaudited Financial Statements

Registered Number :

09194229

As at 31 March 2022

KG VEYRON LIMITED

Statement of Financial Position

2021

2022

Notes

Fixed assets

Property, plant and equipment

6,175

5,885

467,443

458,843

Investment property

Financial assets

200

473,818

464,928

Current assets

Trade and other receivables

4,175

19,826

38,702

Cash and cash equivalents

7,550

27,376

42,877

Trade and other payables: amounts falling due within one

year

(16,272)

(4,695)

26,605

22,681

Net current assets

Total assets less current liabilities

496,499

491,533

Trade and other payables: amounts falling due after more

than one year

(50,000)

(37,427)

459,072

Net assets

441,533

Capital and reserves

Called up share capital

220

Retained earnings

458,852

441,313

459,072

441,533

Shareholders' funds

For the year ended 31 March 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Rajesh Gulrajani Director

These financial statements were approved and authorised for issue by the Board on 16 August 2022 and were signed by:

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Registered Number :

09194229

For the year ended 31 March 2022

KG VEYRON LIMITED

Statement of Financial Position Continued

The notes form part of these financial statements

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For the year ended 31 March 2022

KG VEYRON LIMITED

Notes to the Financial Statements

Statutory Information

KG VEYRON LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration

number 09194229.

Registered address:

Unit 13 Trafalgar Business Centre

77-79 River Road

Barking

Essex

IG11 0JU

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

15% Reducing balance

Fixtures and fittings

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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For the year ended 31 March 2022

KG VEYRON LIMITED

Notes to the Financial Statements Continued

2. Property, plant and equipment

Fixtures and

fittings

Cost or

valuation

At 01 April 2021

6,539

1,380

Additions

At 31 March 2022

7,919

Provision for depreciation and impairment

At 01 April 2021

654

Charge for year

1,090

At 31 March 2022

1,744

At 31 March 2022

Net book value

6,175

At 31 March 2021

5,885

3. Investment property

Total

Fair value

At 01 April 2021

458,843

Additions

8,600

At 31 March 2022

467,443

Net book value

At 31 March 2022

467,443

At 31 March 2021

458,843

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For the year ended 31 March 2022

KG VEYRON LIMITED

Notes to the Financial Statements Continued

4. Investments held as fixed assets

Shares in group and participating interests

Total

At 01 April 2021

200

Cost

At 31 March 2022

200

At 31 March 2022

Net book value

200

At 01 April 2021

200

The unlisted investment relates to property held for long term development.

5. Trade and other receivables

2021

2022

Amounts owed by group undertakings and participating interests

8,568

4,155

Other debtors

11,258

4,175

19,826

6. Trade and other payables: amounts falling due within one year

2021

2022

Taxation and social security

4,045

5,975

Other creditors

650

10,297

4,695

16,272

7. Trade and other payables: amounts falling due after more than one year

2021

2022

Bank loans and overdraft

37,427

50,000

8. Related party transactions

The company is controlled the Director Rajesh Gulrajani.

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For the year ended 31 March 2022

KG VEYRON LIMITED

Notes to the Financial Statements Continued

9. Average number of persons employed

During the year the average number of employees was 0

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