Company Registration No. SC344992 (Scotland)
KMG Consultants Ltd
Unaudited accounts
for the year ended 30 June 2022
KMG Consultants Ltd
Unaudited accounts
Contents
KMG Consultants Ltd
Company Information
for the year ended 30 June 2022
Company Number
SC344992 (Scotland)
Registered Office
94 HOPE STREET
SUITE 2.11
GLASGOW
G2 6PH
SCOTLAND
Accountants
Scottish Tax Bureau
94 Hope Street
Glasgow
G2 6PH
KMG Consultants Ltd
Statement of financial position
as at 30 June 2022
Cash at bank and in hand
1,376
5,115
Creditors: amounts falling due within one year
(6,779)
(5,266)
Net current assets
20,251
34,570
Called up share capital
200
200
Profit and loss account
20,191
34,556
Shareholders' funds
20,391
34,756
For the year ending 30 June 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 March 2023 and were signed on its behalf by
Kevin Gerrie
Director
Company Registration No. SC344992
KMG Consultants Ltd
Notes to the Accounts
for the year ended 30 June 2022
KMG Consultants Ltd is a private company, limited by shares, registered in Scotland, registration number SC344992. The registered office is 94 HOPE STREET, SUITE 2.11, GLASGOW, G2 6PH, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on cost
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2021
3,019
4,746
7,765
At 30 June 2022
3,019
4,746
7,765
At 1 July 2021
3,019
4,560
7,579
Charge for the year
-
46
46
At 30 June 2022
3,019
4,606
7,625
Amounts falling due within one year
Other debtors
25,654
34,721
KMG Consultants Ltd
Notes to the Accounts
for the year ended 30 June 2022
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
5,929
3,566
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
100 A Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).
