KMGS Design Ltd
KMGS Design Ltd
Registered number: 09629607
Unaudited Financial Statements
For The Year Ended 31 March 2017
KMGS Design Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2017
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Statement of Changes in Equity | 3 |
| Notes to the Financial Statements | 4—7 |
KMGS Design Ltd
Balance Sheet
As at
31 March 2017
Balance Sheet
Registered number:
09629607
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 31 March 2017 | Period to 31 March 2016 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Investments | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 7 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 8 |
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| Profit and loss account |
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| SHAREHOLDERS' FUNDS | 162 | (8,103) | |||
Page 1
KMGS Design Ltd
Balance Sheet (continued)
As at
31 March 2017
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their 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. - The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account
On behalf of the board
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The notes on pages 4 to 7 form part of these financial statements.
Page 2
KMGS Design Ltd
Statement of Changes in Equity
For The Year Ended 31 March 2017
Statement of Changes in Equity
| Share Capital | Profit & Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Loss for the period and total comprehensive income | - |
( |
(8,203) |
| Arising on shares issued during the period |
|
- | 100 |
| As at 31 March 2016 and 1 April 2016 |
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( |
(8,103) |
| Profit for the year and total comprehensive income | - |
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28,265 |
| Dividends paid | - | (20,000) | (20,000) |
| As at |
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162 |
Page 3
KMGS Design Ltd
Notes to the Unaudited Accounts
For The Year Ended 31 March 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2.
Turnover
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax.
1.3.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
2.
Average number of employees
Average number of employees, including directors, during the year was as follows:
| 31 March 2017 | Period to 31 March 2016 | ||
|---|---|---|---|
| Office and administration |
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Page 4
KMGS Design Ltd
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 March 2017
4.
Investments
| Other | |
|---|---|
| £ | |
| Cost | |
| As at |
1,366,164 |
| As at |
1,366,164 |
| Provision | |
| As at |
- |
| As at |
- |
| Net Book Value | |
| As at |
1,366,164 |
| As at |
1,366,164 |
Investments comprise interests in the following subsidiary undertakings:
Gardner, Stewart and Stewart Holdings Limited
Class of shares - Ordinary
Percentage owned - 100%
The aggregate capital and reserves of Gardner, Stewart and Stewart Holdings Limited at 31 March 2017 was £47,482 (31 March 2016: £47,482). The company was inactive in the period then ended.
Gardner, Stewart and Stewart Limited
Class of shares - Ordinary
Percentage owned - 100%
The aggregate capital and reserves of Gardner, Stewart and Stewart Limited at 31 March 2017 was £ (31 March 2016: £5,489) and the profit after tax for the period then ended was £197,555 (2016: loss of £236,002).
The shares in Gardner, Stewart and Stewart Limited are held by a subsidiary undertaking.
Both subsidiaries are registered in England and Wales and prepare accounts to 31 March.
5.
Debtors
| 31 March 2017 | Period to 31 March 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Amounts owed by subsidiaries |
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Page 5
KMGS Design Ltd
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 March 2017
6.
Creditors: Amounts Falling Due Within One Year
| 31 March 2017 | Period to 31 March 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Other taxes and social security |
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| VAT |
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| Other loans (Current liabilities - creditors < 1 year) |
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| Accruals and deferred income |
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| Directors' loan accounts |
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| Amounts owed to subsidiaries |
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7.
Creditors: Amounts Falling Due After More Than One Year
| 31 March 2017 | Period to 31 March 2016 | ||
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| £ | £ | ||
| Other loans (Long term liabilities - creditors > 1 year) |
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| Directors loan account |
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9.
Transactions With and Loans to Directors
Dividends paid to directors
| 31 March 2017 | Period to 31 March 2016 | |
|---|---|---|
| £ | £ | |
| Mr Graham Kime | 5,000 | - |
| Ms Christine Goldsmith | 5,000 | - |
| Mr Manoher Matharu | 5,000 | - |
| Ms Ruth Stanesby | 5,000 | - |
Page 6
KMGS Design Ltd
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 March 2017
10.
Dividends
| 31 March 2017 | Period to 31 March 2016 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Interim dividend paid |
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| 20,000 | - | ||
11.
Related Party Transactions
Gardner Stewart and Stewart Limited
Gardner Stewart and Stewart Limited is a subsidiary undertaking of KMGS Design Limited.
KMGS Design Limited charged £105,105 to Gardner Stewart and Stewart Limited for management services in the year ended 31 March 2017 (2016: £93,122). KMGS Design Limited owed £51,307 to Gardner Stewart and Stewart Limited at 31 March 2017 (2016 KMGS Design Limited was owed £47,847).
Graham Kime
Graham Kime is a director and shareholder.
Graham Kime has loaned money to the company. The amount outstanding at 31 March 2017 was £317,337 (2016: £338,689).
Christine Goldsmith
Christine Goldsmith is a director and shareholder.
Christine Goldsmith has loaned money to the company. The amount outstanding at 31 March 2017 was £276,639 (2016: £292,341).
Manoher Matharu
Manoher Matharu is a director and shareholder.
Manoher Matharu has loaned money to the company. The amount outstanding at 31 March 2017 was £246,553 (2016: £261,328).
Ruth Stanesby
Ruth Stanesby is a director and shareholder.
Ruth Stanesby has loaned money to the company. The amount outstanding at 31 March 2017 was £295,989 (2016: £315,632).
12.
Controlling Party
There is no one controlling party. The company is controlled by its directors.
13.
General Information
KMGS Design Ltd Registered number 09629607 is a limited by shares company incorporated in England & Wales. The Registered Office is 176 Blackfriars Road, London, SE1 8ET.
Page 7