KM Services (Grampian) Limited - Accounts to registrar (filleted) - small 18.2

KM Services (Grampian) Limited - Accounts to registrar (filleted) - small 18.2

KM SERVICES (GRAMPIAN) LIMITED - Company Information

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REGISTERED NUMBER: SC342992 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

KM SERVICES (GRAMPIAN) LIMITED
KM SERVICES (GRAMPIAN) LIMITED (REGISTERED NUMBER: SC342992)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KM SERVICES (GRAMPIAN) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2021







DIRECTOR: K Middleton





REGISTERED OFFICE: 355 Clifton Road
Aberdeen
AB24 4DT





REGISTERED NUMBER: SC342992 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE
Page 1
KM SERVICES (GRAMPIAN) LIMITED (REGISTERED NUMBER: SC342992)

BALANCE SHEET
31 MARCH 2021

31.3.21 31.3.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,030 -

CURRENT ASSETS
Debtors 5 34,889 21,015
Cash at bank 29,197 4,332
64,086 25,347
CREDITORS
Amounts falling due within one year 6 37,002 24,534
NET CURRENT ASSETS 27,084 813
TOTAL ASSETS LESS CURRENT
LIABILITIES
28,114
813

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 28,014 713
SHAREHOLDERS' FUNDS 28,114 813

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 7 March 2022 and were signed by:





K Middleton - Director


The notes form part of these financial statements

Page 2
KM SERVICES (GRAMPIAN) LIMITED (REGISTERED NUMBER: SC342992)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

1. STATUTORY INFORMATION

Km Services (Grampian) Limited 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.
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

Page 3 continued...
KM SERVICES (GRAMPIAN) LIMITED (REGISTERED NUMBER: SC342992)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2020 - - 3,165 3,165
Additions 1,375 - - 1,375
At 31 March 2021 1,375 - 3,165 4,540
DEPRECIATION
At 1 April 2020 - - 3,165 3,165
Charge for year - 345 - 345
At 31 March 2021 - 345 3,165 3,510
NET BOOK VALUE
At 31 March 2021 1,375 (345 ) - 1,030
At 31 March 2020 - - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£    £   
Trade debtors 19,188 13,332
Directors' current accounts 13,734 7,683
Tax 1,967 -
34,889 21,015

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£    £   
Trade creditors 1 -
Tax 20,960 15,045
Social security and other taxes 1,291 1,318
VAT 10,597 6,159
Accrued expenses 4,153 2,012
37,002 24,534

Page 4