Company Registration No. 07739309 (England and Wales)
KI Mihaylov Ltd
Unaudited accounts
for the year ended 31 August 2023
KI Mihaylov Ltd
Unaudited accounts
Contents
KI Mihaylov Ltd
Company Information
for the year ended 31 August 2023
Director
Krasimir MIHAYLOV
Company Number
07739309 (England and Wales)
Registered Office
86b Clarendon Road
London
W11 2HR
KI Mihaylov Ltd
Statement of financial position
as at 31 August 2023
Cash at bank and in hand
48,211
56,116
Creditors: amounts falling due within one year
(34,738)
(42,875)
Net current assets
13,473
13,241
Called up share capital
100
100
Profit and loss account
14,902
13,141
Shareholders' funds
15,002
13,241
For the year ending 31 August 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 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 24 May 2024 and were signed on its behalf by
Krasimir MIHAYLOV
Director
Company Registration No. 07739309
KI Mihaylov Ltd
Notes to the Accounts
for the year ended 31 August 2023
KI Mihaylov Ltd is a private company, limited by shares, registered in England and Wales, registration number 07739309. The registered office is 86b Clarendon Road, London, W11 2HR.
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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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Computer equipment
KI Mihaylov Ltd
Notes to the Accounts
for the year ended 31 August 2023
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Creditors: amounts falling due within one year
2023
2022
Taxes and social security
6,263
6,644
Other creditors
2,475
4,731
Loans from directors
26,000
31,500
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 2 (2022: 2).
