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REGISTERED NUMBER: 03671340 (England and Wales)















KILMARTIN PLOWMAN & PARTNERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023






KILMARTIN PLOWMAN & PARTNERS LIMITED (REGISTERED NUMBER: 03671340)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KILMARTIN PLOWMAN & PARTNERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: R S Slater
J D Winter
J McDermott



SECRETARY: None



REGISTERED OFFICE: 12 Town Street
Horsforth
Leeds
LS18 4RJ



REGISTERED NUMBER: 03671340 (England and Wales)



ACCOUNTANTS: DSC
Chartered Accountants
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT



BANKERS: Lloyds TSB Bank plc
2 The Headrow
Leeds
West Yorkshire
LS1 6PN

KILMARTIN PLOWMAN & PARTNERS LIMITED (REGISTERED NUMBER: 03671340)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 115,631 150,403

CURRENT ASSETS
Stocks 880,045 123,089
Debtors 5 649,354 361,020
Cash at bank and in hand 624,735 458,423
2,154,134 942,532
CREDITORS
Amounts falling due within one year 6 2,245,297 1,069,158
NET CURRENT LIABILITIES (91,163 ) (126,626 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,468

23,777

PROVISIONS FOR LIABILITIES 21,970 21,279
NET ASSETS 2,498 2,498

CAPITAL AND RESERVES
Called up share capital 400 400
Capital redemption reserve 600 600
Retained earnings 1,498 1,498
SHAREHOLDERS' FUNDS 2,498 2,498

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

KILMARTIN PLOWMAN & PARTNERS LIMITED (REGISTERED NUMBER: 03671340)

BALANCE SHEET - continued
30 APRIL 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 18 September 2023 and were signed on its behalf by:





R S Slater - Director


KILMARTIN PLOWMAN & PARTNERS LIMITED (REGISTERED NUMBER: 03671340)

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

1. STATUTORY INFORMATION

Kilmartin Plowman & Partners 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
This represents the invoiced amounts of projects completed during the year, net of value added tax. It also includes a proportion of the contract value for projects not completed at the year end. Where turnover was so recognised, the related costs are also accounted for.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Work in progress
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.

Work in Progress represents the proportion of the total project value calculated by reference to work done, for contracts where the project is not complete. Progress payments are deducted from cost on a contract by contract basis. Any excess over cost is shown under creditors.

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.


KILMARTIN PLOWMAN & PARTNERS LIMITED (REGISTERED NUMBER: 03671340)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 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 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.

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.

Operating lease commitments
Lease payments under operating leases, where substantially all the risks and benefits remain with the lessor, are charged as expenses in the periods in which they are incurred.


Work in progress and amounts recoverable on contracts
Amounts recoverable on contracts represents the proportion of the total project value calculated by reference to work done, for contracts where the project is incomplete at the year end. Progress payments are deducted from work in progress on a contract by contract basis. Where progress payments exceed the work in progress, the net amount is included within Other Creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and Motor Computer
improvements fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 64,710 155,310 130,870 90,309 441,199
Additions - - - 5,663 5,663
At 30 April 2023 64,710 155,310 130,870 95,972 446,862
DEPRECIATION
At 1 May 2022 64,708 126,466 18,873 80,749 290,796
Charge for year - 4,686 28,595 7,154 40,435
At 30 April 2023 64,708 131,152 47,468 87,903 331,231
NET BOOK VALUE
At 30 April 2023 2 24,158 83,402 8,069 115,631
At 30 April 2022 2 28,844 111,997 9,560 150,403

KILMARTIN PLOWMAN & PARTNERS LIMITED (REGISTERED NUMBER: 03671340)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 495,731 189,276
Other debtors 153,623 171,744
649,354 361,020

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 36,342 27,850
Taxation and social security 433,310 122,697
Other creditors 1,775,645 918,611
2,245,297 1,069,158