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REGISTERED NUMBER: 08078101 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2022

for

KCF Machine Services Ltd

KCF Machine Services Ltd (Registered number: 08078101)






Contents of the Financial Statements
for the year ended 31 May 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

KCF Machine Services Ltd

Company Information
for the year ended 31 May 2022







DIRECTOR: K C Farley





REGISTERED OFFICE: Estate House
144 Evesham Road
Redditch
Worcestershire
B97 4HP





REGISTERED NUMBER: 08078101 (England and Wales)





ACCOUNTANTS: Derek Young & Co Accountants LLP
Chartered Accountants
Estate House
Evesham Street
Redditch
Worcestershire
B97 4HP

KCF Machine Services Ltd (Registered number: 08078101)

Abridged Balance Sheet
31 May 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,962 20,847

CURRENT ASSETS
Stocks 19,920 3,000
Debtors 13,402 26,050
Cash at bank 47,271 59,361
80,593 88,411
CREDITORS
Amounts falling due within one year 28,151 41,708
NET CURRENT ASSETS 52,442 46,703
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,404

67,550

CREDITORS
Amounts falling due after more than one
year

(14,525

)

(26,108

)

PROVISIONS FOR LIABILITIES (4,553 ) (3,961 )
NET ASSETS 57,326 37,481

CAPITAL AND RESERVES
Called up share capital 5 5 5
Retained earnings 57,321 37,476
SHAREHOLDERS' FUNDS 57,326 37,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 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.

KCF Machine Services Ltd (Registered number: 08078101)

Abridged Balance Sheet - continued
31 May 2022


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 July 2022 and were signed by:





K C Farley - Director


KCF Machine Services Ltd (Registered number: 08078101)

Notes to the Financial Statements
for the year ended 31 May 2022

1. STATUTORY INFORMATION

KCF Machine Services 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 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 represents amounts derived from the provision of goods and services falling within the company's ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so derived.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 15% on reducing balance

Tangible fixed assets are stated at cost less depreciation.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

KCF Machine Services Ltd (Registered number: 08078101)

Notes to the Financial Statements - continued
for the year ended 31 May 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2021 58,598
Additions 10,024
At 31 May 2022 68,622
DEPRECIATION
At 1 June 2021 37,751
Charge for year 6,909
At 31 May 2022 44,660
NET BOOK VALUE
At 31 May 2022 23,962
At 31 May 2021 20,847

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 June 2021 35,737
Transfer to ownership (35,737 )
At 31 May 2022 -
DEPRECIATION
At 1 June 2021 24,455
Transfer to ownership (24,455 )
At 31 May 2022 -
NET BOOK VALUE
At 31 May 2022 -
At 31 May 2021 11,282

5. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2022 2021
value: £    £   
5 Share capital 1 £1 5 5

6. ULTIMATE CONTROLLING PARTY

During the financial year the controlling party was the director by virtue of his 100% holding of the issued share
capital.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
KCF Machine Services 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 Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of KCF Machine Services Ltd for the year ended 31 May 2022 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of KCF Machine Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of KCF Machine Services Ltd and state those matters that we have agreed to state to the director of KCF Machine Services Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KCF Machine Services Ltd and its director for our work or for this report.

It is your duty to ensure that KCF Machine Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of KCF Machine Services Ltd. You consider that KCF Machine Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of KCF Machine Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Derek Young & Co Accountants LLP
Chartered Accountants
Estate House
Evesham Street
Redditch
Worcestershire
B97 4HP


25 July 2022