KCG International Limited - Accounts to registrar (filleted) - small 18.2

KCG INTERNATIONAL LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Kazhegeldin

M Kazhegeldin

REGISTERED OFFICE:

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

REGISTERED NUMBER:

05309809 (England and Wales)

ACCOUNTANTS:

Halsey & Co (Accountants) Ltd.

Chartered Certified Accountants

Registered Auditors

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

FIXED ASSETS

Tangible assets

3

1,386

2,078

CURRENT ASSETS

Debtors

4

364,315

211,188

Cash at bank

38,990

253,988

403,305

465,176

CREDITORS

Amounts falling due within one year

5

167,619

127,517

NET CURRENT ASSETS

235,686

337,659

TOTAL ASSETS LESS CURRENT LIABILITIES

237,072

339,737

PROVISIONS FOR LIABILITIES

263

416

NET ASSETS

236,809

339,321

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

236,807

339,319

SHAREHOLDERS' FUNDS

236,809

339,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 6th December 2018 and were signed on its behalf by:

A Kazhegeldin - Director

1.	STATUTORY INFORMATION

KCG International Limited 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.

Computer equipment

-

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st January 2017

and 31st December 2017

5,086

DEPRECIATION

At 1st January 2017

3,008

Charge for year

692

At 31st December 2017

3,700

NET BOOK VALUE

At 31st December 2017

1,386

At 31st December 2016

2,078

4.

DEBTORS

31.12.17

31.12.16

£

£

Amounts falling due within one year:

Other debtors

307,385

178,877

Amounts falling due after more than one year:

Other debtors

56,930

32,311

Aggregate amounts

364,315

211,188

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

174

3,561

Taxation and social security

163,570

123,956

Other creditors

3,875

-

167,619

127,517

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.17

31.12.16

value:

£

£

1

Ordinary 'A'

£1

1

1

1

Ordinary 'B'

£1

1

1

2

2

7.	RELATED PARTY DISCLOSURES

During the year, loans and advances were issued in respect of a director. The loans were subject to interest at

market rates and repayable on demand. At the year end, the company was owed £205,515 (2016: £129,241.63).