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REGISTERED NUMBER: 05383720 (England and Wales)
























KWANGO LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017






KWANGO LTD (REGISTERED NUMBER: 05383720)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Report of the Accountants 6

KWANGO LTD

COMPANY INFORMATION
For The Year Ended 31 March 2017







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 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,643 3,524

CURRENT ASSETS
Debtors 5 12,973 30,931
Cash at bank 131,018 323,254
143,991 354,185
CREDITORS
Amounts falling due within one year 6 35,915 112,364
NET CURRENT ASSETS 108,076 241,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,719

245,345

CAPITAL AND RESERVES
Called up share capital 7 2,000 2,000
Retained earnings 108,719 243,345
SHAREHOLDERS' FUNDS 110,719 245,345

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 1 November 2017 and were signed by:





Mr S R Gould - Director


KWANGO LTD (REGISTERED NUMBER: 05383720)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2017


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 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 3 (2016 - 3 ) .

KWANGO LTD (REGISTERED NUMBER: 05383720)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2017


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2016
and 31 March 2017 2,149 15,528 17,677
DEPRECIATION
At 1 April 2016 2,019 12,134 14,153
Charge for year 33 848 881
At 31 March 2017 2,052 12,982 15,034
NET BOOK VALUE
At 31 March 2017 97 2,546 2,643
At 31 March 2016 130 3,394 3,524

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 12,595 30,679
Prepayments 378 252
12,973 30,931

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 7,870 16,990
Tax - (2,245 )
Social security and other taxes 186 626
Net wages control 5,129 5,147
VAT 1,542 10,799
Other creditors 12,594 422
Directors' loan accounts 6,348 78,724
Accrued expenses 2,246 1,901
35,915 112,364

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
2,000 Ordinary £1 2,000 2,000

8. 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.

KWANGO LTD (REGISTERED NUMBER: 05383720)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2017


9. FIRST YEAR ADOPTION

The company has adopted FRS 102 for the first time in the period ended 31 March 2017

The effect of the transition from the previous financial reporting framework to FRS 102 has been considered.

There has been no material impact in relation to the following:
- changes in accounting policies
- changes in shareholders funds
- comparative year profit or loss

On that basis, no restatement has been undertaken


KWANGO LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
KWANGO LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to
file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements
and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2017 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






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


Date: .............................................