REGISTERED NUMBER: 09519194 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2023

for

KKM (Hampshire) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K L Matchan

REGISTERED OFFICE:

KKM Buildings

Old Reservoir Road

Farlington

Portsmouth

Hampshire

PO6 1SU

REGISTERED NUMBER:

09519194 (England and Wales)

ACCOUNTANTS:

Hughes Spencer

12 Acorn Business Park

Northarbour Road

Portsmouth

Hampshire

PO6 3TH

FIXED ASSETS

Tangible assets

4

258,093

259,953

Investments

5

3

3

258,096

259,956

CURRENT ASSETS

Debtors

6

19,426

9,712

Cash at bank

73,730

73,879

93,156

83,591

CREDITORS

Amounts falling due within one year

7

199,294

155,480

NET CURRENT LIABILITIES

(106,138

)

(71,889

)

TOTAL ASSETS LESS CURRENT LIABILITIES

151,958

188,067

CREDITORS

Amounts falling due after more than one year

8

-

(5,445

)

PROVISIONS FOR LIABILITIES

(40,152

)

(42,258

)

NET ASSETS

111,806

140,364

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

111,704

140,262

SHAREHOLDERS' FUNDS

111,806

140,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 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 director and authorised for issue on 2 October 2023 and were signed by:

K L Matchan - Director

1.	STATUTORY INFORMATION

KKM (Hampshire) Limited 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Investment vehicles are shown at valuation.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2022

481,502

Additions

58,990

At 30 June 2023

540,492

DEPRECIATION

At 1 July 2022

221,549

Charge for year

60,850

At 30 June 2023

282,399

NET BOOK VALUE

At 30 June 2023

258,093

At 30 June 2022

259,953

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

Plant and

machinery

etc

£

COST

At 1 July 2022

131,565

Transfer to ownership

(84,915

)

At 30 June 2023

46,650

DEPRECIATION

At 1 July 2022

37,281

Charge for year

10,934

Transfer to ownership

(34,366

)

At 30 June 2023

13,849

NET BOOK VALUE

At 30 June 2023

32,801

At 30 June 2022

94,284

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 July 2022

and 30 June 2023

3

NET BOOK VALUE

At 30 June 2023

3

At 30 June 2022

3

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

1,392

46

Other debtors

18,034

9,666

19,426

9,712

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Hire purchase contracts

5,445

34,099

Trade creditors

50,417

(53

)

Taxation and social security

7,046

12,857

Other creditors

136,386

108,577

199,294

155,480

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Hire purchase contracts

-

5,445

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K L Matchan.