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

KCG INTERNATIONAL LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021

Page

Balance Sheet

1

Notes to the Financial Statements

3

CURRENT ASSETS

Debtors

6

291,393

110,964

Cash at bank

-

12,493

291,393

123,457

CREDITORS

Amounts falling due within one year

7

58,183

69,937

NET CURRENT ASSETS

233,210

53,520

TOTAL ASSETS LESS CURRENT LIABILITIES

233,210

53,520

CREDITORS

Amounts falling due after more than one year

8

-

174,257

PROVISIONS FOR LIABILITIES

-

(132

)

NET ASSETS

233,210

227,645

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

233,208

227,643

SHAREHOLDERS' FUNDS

233,210

227,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 31st October 2022 and were signed 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 are as below:

Registered number:

05309809

Registered office:

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

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.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st January 2021

and 31st December 2021

5,086

DEPRECIATION

At 1st January 2021

and 31st December 2021

5,086

NET BOOK VALUE

At 31st December 2021

-

At 31st December 2020

-

6.

DEBTORS

31.12.21

31.12.20

£

£

Amounts falling due within one year:

Other debtors

52,657

52,657

VAT

2,739

1,080

55,396

53,737

Amounts falling due after more than one year:

Other debtors

178,770

-

Tax

57,227

57,227

235,997

57,227

Aggregate amounts

291,393

110,964

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade creditors

1,994

116

Tax

1,972

2,540

Other creditors

50,960

63,453

Directors' current accounts

1,817

1,128

Accrued expenses

1,440

2,700

58,183

69,937

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.21

31.12.20

£

£

Directors Current Account

-

(174,257

)