KPBOS Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC361450 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2019

for

KPBOS Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G R Walker

V E Thomson

REGISTERED OFFICE:

Key House

18 Seaward Place

Centurion Business Park

Glasgow

G41 1HH

REGISTERED NUMBER:

SC361450 (Scotland)

ACCOUNTANTS:

Key Professional Partnership Ltd

Suite 4F

Ingram House

227 Ingram Street

Glasgow

G1 1DA

FIXED ASSETS

Tangible assets

4

15,641

14,335

CURRENT ASSETS

Debtors

5

982,795

921,889

Cash at bank

59,350

80,632

1,042,145

1,002,521

CREDITORS

Amounts falling due within one year

6

278,622

315,917

NET CURRENT ASSETS

763,523

686,604

TOTAL ASSETS LESS CURRENT LIABILITIES

779,164

700,939

CREDITORS

Amounts falling due after more than one year

7

8,259

11,584

NET ASSETS

770,905

689,355

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

770,904

689,354

SHAREHOLDERS' FUNDS

770,905

689,355

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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 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 Board of Directors and authorised for issue on 28 August 2020 and were signed on its behalf by:

G R Walker - Director

1.	STATUTORY INFORMATION

KPBOS 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.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Taxation

Taxation for the year comprises current 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 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.

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.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2018

36,336

Additions

1,306

At 31 August 2019

37,642

DEPRECIATION

At 1 September 2018

and 31 August 2019

22,001

NET BOOK VALUE

At 31 August 2019

15,641

At 31 August 2018

14,335

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

as restated

£

£

Trade debtors

1,570

25,312

Other debtors

981,225

896,577

982,795

921,889

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

as restated

£

£

Trade creditors

181,465

226,345

Taxation and social security

80,936

88,702

Other creditors

16,221

870

278,622

315,917

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.19

31.8.18

as restated

£

£

Hire purchase contracts

8,259

11,584

8.	RELATED PARTY DISCLOSURES

At the 31st August 2019 the company was due £334,406 from a related company Oxiigen Ltd.

At the 31st August 2019 the company was due £10,000 from a related company Mevgen Technologies Ltd.

At the 31st August 2019 the company was due £312,500 from EK Landco Ltd .