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REGISTERED NUMBER: 04397183 (England and Wales)















K D TANK SUPPLIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2023






K D TANK SUPPLIES LIMITED (REGISTERED NUMBER: 04397183)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


K D TANK SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Mrs E L Smith
Mr T E Smith



SECRETARY: Mrs E L Smith



REGISTERED OFFICE: Smithfield's Yard
Ogbourne St George
MARLBOROUGH
Wiltshire
SN8 1SX



REGISTERED NUMBER: 04397183 (England and Wales)



ACCOUNTANTS: Morris Owen
Chartered Accountants
43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG



BANKERS: HSBC Bank Plc
The Forum
Marlborough Road
SWINDON
Wiltshire
SN3 1QT

K D TANK SUPPLIES LIMITED (REGISTERED NUMBER: 04397183)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,337 104,986

CURRENT ASSETS
Stocks 34,731 40,554
Debtors 5 67,228 82,355
Cash at bank and in hand 281,480 188,877
383,439 311,786
CREDITORS
Amounts falling due within one year 6 163,365 161,934
NET CURRENT ASSETS 220,074 149,852
TOTAL ASSETS LESS CURRENT
LIABILITIES

303,411

254,838

CREDITORS
Amounts falling due after more than one
year

7

-

(6,391

)

PROVISIONS FOR LIABILITIES (20,360 ) (19,352 )
NET ASSETS 283,051 229,095

CAPITAL AND RESERVES
Called up share capital 10 2 2
Share premium 30 30
Capital redemption reserve 100 100
Retained earnings 282,919 228,963
SHAREHOLDERS' FUNDS 283,051 229,095

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

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

K D TANK SUPPLIES LIMITED (REGISTERED NUMBER: 04397183)

STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st October 2023 and were signed on its behalf by:




Mrs E L Smith - Director



Mr T E Smith - Director


K D TANK SUPPLIES LIMITED (REGISTERED NUMBER: 04397183)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

K D Tank Supplies Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04397183

Registered office: Smithfield's Yard, Ogbourne St George, MARLBOROUGH, Wiltshire, SN8 1SX

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest pound.

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.

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on cost
Plant and machinery - 15% on reducing balance
Office and computer equipment - 25% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance
Hire equipment - 25% on reducing balance

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 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.


K D TANK SUPPLIES LIMITED (REGISTERED NUMBER: 04397183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


2. ACCOUNTING POLICIES - continued
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 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022 260,292
Additions 869
At 31st March 2023 261,161
DEPRECIATION
At 1st April 2022 155,306
Charge for year 22,518
At 31st March 2023 177,824
NET BOOK VALUE
At 31st March 2023 83,337
At 31st March 2022 104,986

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 55,706 67,428
Other debtors 11,522 14,927
67,228 82,355

K D TANK SUPPLIES LIMITED (REGISTERED NUMBER: 04397183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 6,391 11,702
Trade creditors 52,810 68,600
Taxation and social security 86,153 63,431
Other creditors 18,011 18,201
163,365 161,934

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) - 6,391

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 6,391 11,702
Between one and five years - 6,391
6,391 18,093

Non-cancellable operating leases
2023 2022
£    £   
Within one year 2,539 2,539
Between one and five years 2,539 2,539
5,078 5,078

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 6,391 18,093

Hire purchase agreements are secured on the assets concerned.

K D TANK SUPPLIES LIMITED (REGISTERED NUMBER: 04397183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary A 1p 2 2