KGM Interim Management Limited Filleted accounts for Companies House (small and micro)
KGM Interim Management Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
SC298349
|
|
For the year ended |
|
|
Statement of Financial Position |
2019 |
2018 |
|
Note |
£ |
£ |
Fixed assets
Tangible assets |
5 |
|
|
Current assets
Stocks |
|
– |
|
Debtors |
6 |
|
– |
Cash at bank and in hand |
|
|
|
-------- |
-------- |
||
|
|
||
Creditors: amounts falling due within one year |
7 |
|
|
-------- |
-------- |
||
Net current (liabilities)/assets |
(
|
|
|
------- |
------- |
||
Total assets less current liabilities |
|
|
|
Provisions
Taxation including deferred tax |
|
|
---- |
------- |
|
Net assets |
|
|
---- |
------- |
|
Capital and reserves
Called up share capital |
|
|
Profit and loss account |
|
|
---- |
------- |
|
Shareholders funds |
|
|
---- |
------- |
|
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
27 December 2019
, and are signed on behalf of the board by:
|
Director |
Company registration number:
SC298349
|
Notes to the Financial Statements |
Year ended 31 March 2019
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 33 Kittoch Street, East Kilbride, G74 4JW.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings |
- |
|
|
Equipment |
- |
|
|
Impairment of fixed assets
Stocks
Provisions
4.
Intangible assets
Goodwill |
|
£ |
|
Cost |
|
At 1 April 2018 and 31 March 2019 |
|
------- |
|
Amortisation |
|
At 1 April 2018 and 31 March 2019 |
|
------- |
|
Carrying amount |
|
At 31 March 2019 |
– |
------- |
|
At 31 March 2018 |
– |
------- |
|
5.
Tangible assets
Fixtures and fittings |
Equipment |
Total |
|
£ |
£ |
£ |
|
Cost |
|||
At 1 April 2018 |
|
|
|
Additions |
|
– |
|
------- |
------- |
------- |
|
At 31 March 2019 |
|
|
|
------- |
------- |
------- |
|
Depreciation |
|||
At 1 April 2018 |
|
|
|
Charge for the year |
|
|
|
------- |
------- |
------- |
|
At 31 March 2019 |
|
|
|
------- |
------- |
------- |
|
Carrying amount |
|||
At 31 March 2019 |
|
|
|
------- |
------- |
------- |
|
At 31 March 2018 |
|
|
|
------- |
------- |
------- |
|
6.
Debtors
2019 |
2018 |
|
£ |
£ |
|
Trade debtors |
|
– |
------- |
---- |
|
7.
Creditors:
amounts falling due within one year
2019 |
2018 |
|
£ |
£ |
|
Bank loans and overdrafts |
– |
|
Corporation tax |
|
|
Social security and other taxes |
|
– |
Other creditors |
|
|
-------- |
-------- |
|
|
|
|
-------- |
-------- |
|
8.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2019 |
|||||
Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
||
£ |
£ |
£ |
£ |
||
|
(
|
|
(
|
(
|
|
---- |
-------- |
-------- |
---- |
||
2018 |
|||||
Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
||
£ |
£ |
£ |
£ |
||
|
|
|
(
|
(
|
|
------- |
-------- |
-------- |
---- |
||
9.
Related party transactions
Control:- The company was under the control of
K Murray
throughout the current and previous year. K Murray
is the managing director and majority shareholder. Transactions:- No transactions with related parties were undertaken such as are required to be disclosed under Section 1A of FRS 102.