Key Management Consultants Ltd - Accounts to registrar - small 17.1

REGISTERED NUMBER: 09449913 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2017

for

Key Management Consultants Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs H L Gaughan

REGISTERED OFFICE:

West Hill House

Allerton Hill

Chapel Allerton

Leeds

West Yorkshire

LS7 3QB

REGISTERED NUMBER:

09449913 (England and Wales)

ACCOUNTANTS:

Malcolm Jones & Co LLP

Accountants and Business Advisors

West Hill House

Allerton Hill

Chapel Allerton

Leeds

West Yorkshire

LS7 3QB

FIXED ASSETS

Tangible assets

4

963

1,211

CURRENT ASSETS

Debtors

5

37,034

11,030

Cash at bank

35,479

18,570

72,513

29,600

CREDITORS

Amounts falling due within one year

6

30,605

30,058

NET CURRENT ASSETS/(LIABILITIES)

41,908

(458

)

TOTAL ASSETS LESS CURRENT LIABILITIES

42,871

753

PROVISIONS FOR LIABILITIES

193

242

NET ASSETS

42,678

511

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

42,578

411

SHAREHOLDERS' FUNDS

42,678

511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 7 May 2017 and were signed by:

Mrs H L Gaughan - Director

1.	STATUTORY INFORMATION

Key Management Consultants Ltd is a private company, limited by shares , registered in England and Wales. 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 the provisions of Section 1A "Small Entities" 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 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.

Plant and machinery etc

-

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 29 February 2016

1,616

Additions

209

At 28 February 2017

1,825

DEPRECIATION

At 29 February 2016

405

Charge for year

457

At 28 February 2017

862

NET BOOK VALUE

At 28 February 2017

963

At 28 February 2016

1,211

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

28.2.16

£

£

Trade debtors

36,955

10,966

Other debtors

79

64

37,034

11,030

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

28.2.16

£

£

Trade creditors

1,767

-

Taxation and social security

23,476

12,993

Other creditors

5,362

17,065

30,605

30,058

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £8,925 were paid to the director .

The following disclosures arise:-

The company's director owns 51% of the share capital of the company and is therefore the controlling party, and by

definition, a related party.