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REGISTERED NUMBER: 07500085 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JANUARY 2023

FOR

KDL DEVELOPMENTS LIMITED

KDL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07500085)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KDL DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JANUARY 2023







DIRECTORS: K W Gunner
Mrs V Gunner





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 07500085 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

KDL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07500085)

BALANCE SHEET
30 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,641 3,522

CURRENT ASSETS
Stocks 22,150 21,584
Debtors 5 15,022 21,560
Cash at bank 1 6,000
37,173 49,144
CREDITORS
Amounts falling due within one year 6 31,302 40,766
NET CURRENT ASSETS 5,871 8,378
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,512

11,900

CREDITORS
Amounts falling due after more than one
year

7

8,136

11,333
NET ASSETS 376 567

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 176 367
SHAREHOLDERS' FUNDS 376 567

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

KDL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07500085)

BALANCE SHEET - continued
30 JANUARY 2023


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 Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:




K W Gunner - Director



Mrs V Gunner - Director


KDL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07500085)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2023

1. STATUTORY INFORMATION

KDL Developments 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 represents net invoiced sales of goods and services, excluding vat.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

KDL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07500085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JANUARY 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Tools and Motor
equipment vehicles Totals
£    £    £   
COST
At 31 January 2022
and 30 January 2023 8,254 17,856 26,110
DEPRECIATION
At 31 January 2022 7,743 14,845 22,588
Charge for year 128 753 881
At 30 January 2023 7,871 15,598 23,469
NET BOOK VALUE
At 30 January 2023 383 2,258 2,641
At 30 January 2022 511 3,011 3,522

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,706 8,034
Other debtors - 3,683
Directors' current accounts 9,913 9,843
VAT 403 -
15,022 21,560

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,080 14,384
Trade creditors 286 1,906
Tax 3,680 5,112
Social security and other taxes 7,291 7,113
VAT - 8,702
Other creditors - 1,899
Accrued expenses 1,965 1,650
31,302 40,766

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 8,136 11,333

KDL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07500085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JANUARY 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 14,680 10,984
Bank loans 11,536 14,733
26,216 25,717

The bank overdraft is secured by a personal guarantee given by the director.

The bank loan is secured by way of a government backed guarantee.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 January 2023 and 30 January 2022:

2023 2022
£    £   
K W Gunner and Mrs V Gunner
Balance outstanding at start of year 9,843 19,759
Amounts advanced 49,481 44,926
Amounts repaid (49,411 ) (54,842 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,913 9,843