Koala Accounting Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03186146 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

KOALA ACCOUNTING SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms C Broderick

K P Messere

REGISTERED OFFICE:

The Lodge

16 Page Heath Lane

Bickley

Kent

BR1 2DS

REGISTERED NUMBER:

03186146 (England and Wales)

ACCOUNTANTS:

Lucentum Business Services Ltd

Kingfisher House

11 Hoffmanns Way

Chelmsford

Essex

CM1 1GU

FIXED ASSETS

Tangible assets

5

4,349

2,410

CURRENT ASSETS

Debtors

6

40,007

33,694

Cash at bank

40,426

34,527

80,433

68,221

CREDITORS

Amounts falling due within one year

7

84,359

70,499

NET CURRENT LIABILITIES

(3,926

)

(2,278

)

TOTAL ASSETS LESS CURRENT LIABILITIES

423

132

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

421

130

SHAREHOLDERS' FUNDS

423

132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 and authorised for issue on 30 September 2022 and were signed on its behalf by:

K P Messere - Director

1.	STATUTORY INFORMATION

Koala Accounting Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Monetary amounts in the financial statements have been rounded to the nearest whole £.

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.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition

of financial assets and liabilities like trade and other accounts receivable and payable, loans from

banks and other third parties, loans to related parties and investments in non-puttable ordinary

shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each

reporting period for objective evidence of impairment. If objective evidence of impairment is found,

an impairment loss is recognised in profit or loss.

Taxation

Taxation for the year comprises current 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 axation 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 October 2020

10,363

Additions

2,813

At 30 September 2021

13,176

DEPRECIATION

At 1 October 2020

7,953

Charge for year

874

At 30 September 2021

8,827

NET BOOK VALUE

At 30 September 2021

4,349

At 30 September 2020

2,410

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

15,840

-

Other debtors

16,664

16,664

Directors' current accounts

7,503

17,030

40,007

33,694

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other loans

29,060

30,000

Tax

18,871

13,079

VAT

33,159

22,591

Other creditors

524

-

Credit Card

275

2,219

Net wages

-

910

Directors' current accounts

210

210

Accrued expenses

2,260

1,490

84,359

70,499

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

2

Ordinary

£1

2

2