Company Registration No. 04659966 (England and Wales)
KMG & SONS ENGINEERING LTD
Unaudited accounts
for the year ended 31 March 2023
KMG & SONS ENGINEERING LTD
Unaudited accounts
Contents
KMG & SONS ENGINEERING LTD
Company Information
for the year ended 31 March 2023
Company Number
04659966 (England and Wales)
Registered Office
10 DOWNLAND CLOSE
BOTLEY
SOUTHAMPTON
SO30 2SG
Accountants
CASA Accountancy & Bookkeeping Ltd
17 Lipizzaner Fields
Whiteley
Fareham
Hampshire
PO15 7BH
KMG & SONS ENGINEERING LTD
Statement of financial position
as at 31 March 2023
Tangible assets
23,575
23,700
Cash at bank and in hand
462,816
372,360
Creditors: amounts falling due within one year
(41,944)
(20,272)
Net current assets
469,755
371,864
Net assets
493,330
395,564
Profit and loss account
493,329
395,563
Shareholders' funds
493,330
395,564
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 October 2023 and were signed on its behalf by
Kevin Mark Gunn
Director
Company Registration No. 04659966
KMG & SONS ENGINEERING LTD
Notes to the Accounts
for the year ended 31 March 2023
KMG & SONS ENGINEERING LTD is a private company, limited by shares, registered in England and Wales, registration number 04659966. The registered office is 10 DOWNLAND CLOSE, BOTLEY, SOUTHAMPTON, SO30 2SG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2022
65,790
2,453
68,243
Additions
4,650
1,150
5,800
At 31 March 2023
70,440
3,603
74,043
At 1 April 2022
42,090
2,453
44,543
Charge for the year
5,925
-
5,925
At 31 March 2023
48,015
2,453
50,468
At 31 March 2023
22,425
1,150
23,575
At 31 March 2022
23,700
-
23,700
Amounts falling due within one year
Trade debtors
48,883
19,776
KMG & SONS ENGINEERING LTD
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,479
12,680
Taxes and social security
25,893
10,195
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).