KPBOS Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC361450 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2017

for

KPBOS Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G R Walker

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

3

27,535

CURRENT ASSETS

Debtors

4

353,692

314,061

Cash at bank

251,375

181,677

605,067

495,738

CREDITORS

Amounts falling due within one year

5

159,334

40,700

NET CURRENT ASSETS

445,733

455,038

TOTAL ASSETS LESS CURRENT
LIABILITIES

473,268

482,573

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

473,267

482,572

SHAREHOLDERS' FUNDS

473,268

482,573

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 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 director on 18 July 2018 and were signed 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 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.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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

Plant and

machinery

etc

£

COST

At 1 September 2016

and 31 August 2017

30,624

DEPRECIATION

At 1 September 2016

and 31 August 2017

3,089

NET BOOK VALUE

At 31 August 2017

27,535

At 31 August 2016

27,535

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

Trade debtors

27,286

63,049

Other debtors

326,406

251,012

353,692

314,061

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

Trade creditors

32,491

43,041

Taxation and social security

23,717

(3,211

)

Other creditors

103,126

870

159,334

40,700

6.	RELATED PARTY DISCLOSURES

At the 31st August 2017 the company was due £316,256 from a related company Oxiigen Ltd there are no fixed

repayment terms.

At the 31st August 2017 the company was due £10,000 from a related company Mevgen Technologies Ltd there

are no fixed repayment terms.

Included within cost of sales are fees of £524,068 from EK Landco Ltd a company under common control.

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs L Melville.

The ultimate controlling party is Mrs L Melville.

KPBOS Ltd - Accounts to registrar (filleted) - small 18.1

KPBOS Ltd - Accounts to registrar (filleted) - small 18.1