Key Professional Partnership Ltd - Accounts to registrar (filleted) - small 18.2

Key Professional Partnership Ltd - Accounts to registrar (filleted) - small 18.2

KEY PROFESSIONAL PARTNERSHIP LTD - Company Information

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REGISTERED NUMBER: SC407164 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2019

for

Key Professional Partnership Ltd
Key Professional Partnership Ltd (Registered number: SC407164)






Contents of the Financial Statements
for the Year Ended 30 September 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Key Professional Partnership Ltd

Company Information
for the Year Ended 30 September 2019







DIRECTOR: S A Usher





REGISTERED OFFICE: Suite 4F
Ingram House
227 Ingram Street
Glasgow
G1 1DA





REGISTERED NUMBER: SC407164 (Scotland)





ACCOUNTANTS: Key Professional Partnership Ltd
Suite 4F
Ingram House
227 Ingram Street
Glasgow
G1 1DA
Page 1
Key Professional Partnership Ltd (Registered number: SC407164)

Balance Sheet
30 September 2019

30.9.19 30.9.18
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 90,000 90,000
Tangible assets 5 26,459 57,655
Investments 6 5,000 10,000
121,459 157,655

CURRENT ASSETS
Debtors 7 65,968 47,399
Cash at bank and in hand 58,369 50,103
124,337 97,502
CREDITORS
Amounts falling due within one year 8 126,726 104,514
NET CURRENT LIABILITIES (2,389 ) (7,012 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
119,070
150,643

CREDITORS
Amounts falling due after more than one
year
9
75,760
108,534
NET ASSETS 43,310 42,109

CAPITAL AND RESERVES
Called up share capital 303 303
Retained earnings 43,007 41,806
SHAREHOLDERS' FUNDS 43,310 42,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2
Key Professional Partnership Ltd (Registered number: SC407164)

Balance Sheet - continued
30 September 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 13 June 2020 and were signed by:





S A Usher - Director


The notes form part of these financial statements

Page 3
Key Professional Partnership Ltd (Registered number: SC407164)

Notes to the Financial Statements
for the Year Ended 30 September 2019

1. STATUTORY INFORMATION

Key Professional Partnership Ltd is a private company, limited by shares , registered in Scotland. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2018 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2018
and 30 September 2019 90,000
NET BOOK VALUE
At 30 September 2019 90,000
At 30 September 2018 90,000

Page 4
Key Professional Partnership Ltd (Registered number: SC407164)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2019

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2018 85,662
Additions 9,825
Disposals (38,075 )
At 30 September 2019 57,412
DEPRECIATION
At 1 October 2018 28,007
Charge for year 8,819
Eliminated on disposal (5,873 )
At 30 September 2019 30,953
NET BOOK VALUE
At 30 September 2019 26,459
At 30 September 2018 57,655

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2018 10,000
Disposals (5,000 )
At 30 September 2019 5,000
NET BOOK VALUE
At 30 September 2019 5,000
At 30 September 2018 10,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.19 30.9.18
£    £   
Trade debtors 61,853 33,311
Other debtors 4,115 14,088
65,968 47,399

Page 5
Key Professional Partnership Ltd (Registered number: SC407164)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2019

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.19 30.9.18
£    £   
Bank loans and overdrafts - 1,394
Trade creditors 1,458 4,979
Taxation and social security 109,735 94,148
Other creditors 15,533 3,993
126,726 104,514

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.19 30.9.18
£    £   
Hire purchase contracts - 31,262
Other creditors 75,760 77,272
75,760 108,534

10. ULTIMATE CONTROLLING PARTY

The controlling party is S A Usher.

The ultimate controlling party is S A Usher.

Stephen A Usher holds 100% of the share capital.

Page 6