KG VEYRON LIMITED,Ltd - AccountsLtd - Accounts

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KG VEYRON LIMITED

Registered Number:09194229

For the year ended 31 March 2023

England and Wales

Unaudited Financial Statements

Registered Number :

09194229

As at 31 March 2023

KG VEYRON LIMITED

Statement of Financial Position

2022

2023

Notes

Fixed assets

Property, plant and equipment

5,786

6,175

493,458

467,443

Investment property

Financial assets

200

499,244

473,818

Current assets

Trade and other receivables

19,826

7,550

Cash and cash equivalents

27,376

Trade and other payables: amounts falling due within one

year

(4,695)

(16,720)

22,681

(16,656)

Net current liabilities

Total assets less current liabilities

482,588

496,499

Trade and other payables: amounts falling due after more

than one year

(37,427)

482,588

Net assets

459,072

Capital and reserves

Called up share capital

220

Retained earnings

482,368

458,852

482,588

459,072

Shareholders' funds

For the year ended 31 March 2023 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 2023 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their 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 09 October 2023 and were signed by:

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Registered Number :

09194229

For the year ended 31 March 2023

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 2023

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 2023

KG VEYRON LIMITED

Notes to the Financial Statements Continued

2. Property, plant and equipment

Fixtures and

fittings

Cost or

valuation

At 01 April 2022

7,919

631

Additions

At 31 March 2023

8,550

Provision for depreciation and impairment

At 01 April 2022

1,744

Charge for year

1,020

At 31 March 2023

2,764

At 31 March 2023

Net book value

5,786

At 31 March 2022

6,175

3. Investment property

Total

Fair value

At 01 April 2022

467,443

Additions

26,015

At 31 March 2023

493,458

Net book value

At 31 March 2023

493,458

At 31 March 2022

467,443

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For the year ended 31 March 2023

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 2022

200

Cost

Disposals/Repayments

(200)

At 31 March 2023

Net book value

At 01 April 2022

200

The unlisted investment relates to property held for rental purposes.

5. Trade and other receivables

2022

2023

Amounts owed by group undertakings and participating interests

8,568

Other debtors

11,258

19,826

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

2022

2023

Taxation and social security

4,045

Accruals and deferred income

1,300

650

Directors' loan accounts

15,420

16,720

4,695

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

2022

2023

Bank loans and overdraft

37,427

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For the year ended 31 March 2023

KG VEYRON LIMITED

Notes to the Financial Statements Continued

8. Related party transactions

The company is jointly controlled by the Directors who hold 100% of the voting rights of the company in equal

proportions.

9. Average number of persons employed

During the year the average number of employees was 0

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