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REGISTERED NUMBER: 13487981 (England and Wales)


KM Designworks Limited

Abridged Unaudited Financial Statements

for the Period 1 March 2022 to 31 March 2023






KM Designworks Limited (Registered number: 13487981)






Contents of the Financial Statements
for the period 1 March 2022 to 31 March 2023




Page

Company Information 1

Chartered Accountants' Report 2

Abridged Statement of Financial Position 3

Notes to the Financial Statements 5


KM Designworks Limited

Company Information
for the period 1 March 2022 to 31 March 2023







DIRECTOR: Mr M C Kocaciklioglu





REGISTERED OFFICE: First Floor (EMAIL ONLY)
85 Great Portland Street
London
W1W 7LT





REGISTERED NUMBER: 13487981 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
KM Designworks Limited

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 Statement of Financial Position. 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 KM Designworks Limited for the period ended 31 March 2023 which comprise the Abridged Statement of Income and Retained Earnings, Abridged Statement of Financial Position 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 KM Designworks Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of KM Designworks Limited and state those matters that we have agreed to state to the director of KM Designworks Limited 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 KM Designworks Limited and its director for our work or for this report.

It is your duty to ensure that KM Designworks Limited 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 KM Designworks Limited. You consider that KM Designworks Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of KM Designworks Limited. 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.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


12 May 2023

KM Designworks Limited (Registered number: 13487981)

Abridged Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 6,068 6,613

CURRENT ASSETS
Debtors 226 19,801
Cash at bank and in hand 17,073 20,907
17,299 40,708
CREDITORS
Amounts falling due within one year 16,772 30,544
NET CURRENT ASSETS 527 10,164
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,595

16,777

PROVISIONS FOR LIABILITIES 5 1,153 1,256
NET ASSETS 5,442 15,521

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 5,342 15,421
SHAREHOLDERS' FUNDS 5,442 15,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

KM Designworks Limited (Registered number: 13487981)

Abridged Statement of Financial Position - continued
31 March 2023


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 Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the period ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 May 2023 and were signed by:





Mr M C Kocaciklioglu - Director


KM Designworks Limited (Registered number: 13487981)

Notes to the Financial Statements
for the period 1 March 2022 to 31 March 2023

1. STATUTORY INFORMATION

KM Designworks 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is derived from the ordinary activities of the business.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

KM Designworks Limited (Registered number: 13487981)

Notes to the Financial Statements - continued
for the period 1 March 2022 to 31 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 March 2022 8,139
Additions 1,709
At 31 March 2023 9,848
DEPRECIATION
At 1 March 2022 1,526
Charge for period 2,254
At 31 March 2023 3,780
NET BOOK VALUE
At 31 March 2023 6,068
At 28 February 2022 6,613

5. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,153 1,256

Deferred
tax
£   
Balance at 1 March 2022 1,256
Provided during period (103 )
Balance at 31 March 2023 1,153

KM Designworks Limited (Registered number: 13487981)

Notes to the Financial Statements - continued
for the period 1 March 2022 to 31 March 2023

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Retained
earnings
£   

At 1 March 2022 15,421
Profit for the period 3,921
Dividends (14,000 )
At 31 March 2023 5,342

8. RELATED PARTY DISCLOSURES

Persons with significant control

Included within creditors is an amount owed to key management personel at balance sheet date of £13,593 (2021: £19,948).