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REGISTERED NUMBER: 05383720 (England and Wales)
























KWANGO LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2017 TO 31 JULY 2018






KWANGO LTD (REGISTERED NUMBER: 05383720)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 April 2017 to 31 July 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


KWANGO LTD

COMPANY INFORMATION
For The Period 1 April 2017 to 31 July 2018







DIRECTOR: Mr S R Gould





SECRETARY: Mrs C W Gould





REGISTERED OFFICE: Exchange House
494 Midsummer Boulevard
Milton Keynes
Buckinghamshire
MK9 2EA





REGISTERED NUMBER: 05383720 (England and Wales)





ACCOUNTANTS: Haines Watts (SEM) Limited
1 Rushmills
Bedford Road
Northampton
Northamptonshire
NN4 7YB

KWANGO LTD (REGISTERED NUMBER: 05383720)

BALANCE SHEET
31 July 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 2,643

CURRENT ASSETS
Debtors 5 2,000 12,973
Cash at bank - 131,018
2,000 143,991
CREDITORS
Amounts falling due within one year 6 - 35,915
NET CURRENT ASSETS 2,000 108,076
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,000

110,719

CAPITAL AND RESERVES
Called up share capital 7 2,000 2,000
Retained earnings - 108,719
SHAREHOLDERS' FUNDS 2,000 110,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2018 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 25 March 2019 and were signed by:





Mr S R Gould - Director


KWANGO LTD (REGISTERED NUMBER: 05383720)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 April 2017 to 31 July 2018


1. STATUTORY INFORMATION

Kwango Ltd 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.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's
pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2017 - 3 ) .

KWANGO LTD (REGISTERED NUMBER: 05383720)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 April 2017 to 31 July 2018


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2017 2,149 15,528 17,677
Disposals (2,149 ) (15,528 ) (17,677 )
At 31 July 2018 - - -
DEPRECIATION
At 1 April 2017 2,052 12,982 15,034
Charge for period 24 637 661
Eliminated on disposal (2,076 ) (13,619 ) (15,695 )
At 31 July 2018 - - -
NET BOOK VALUE
At 31 July 2018 - - -
At 31 March 2017 97 2,546 2,643

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors - 12,595
Directors' loan accounts 2,000 -
Prepayments - 378
2,000 12,973

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors - 7,870
Social security and other taxes - 186
Net wages control - 5,129
VAT - 1,542
Other creditors - 12,594
Directors' loan accounts - 6,348
Accrued expenses - 2,246
- 35,915

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
2,000 Ordinary £1 2,000 2,000

KWANGO LTD (REGISTERED NUMBER: 05383720)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 April 2017 to 31 July 2018


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 July 2018 and the year
ended 31 March 2017:

2018 2017
£    £   
Mr S R Gould
Balance outstanding at start of period (6,348 ) (78,724 )
Amounts advanced 8,348 72,376
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 2,000 (6,348 )

Due to no addional contracts the company has ceased trading and a final distribution of funds has been made
to the shareholders of the company.

9. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr S Gould who together with family interests holds 100% of the issued
ordinary share capital.