IRIS Accounts Production v23.3.1.45 01872472 Board of Directors Board of Directors Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false Ordinary Class "A" 1.00000 Ordinary Class "B" 1.00000 Ordinary Class "C" 1.00000 Ordinary Class "D" 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure018724722022-06-30018724722023-06-30018724722022-07-012023-06-30018724722021-06-30018724722021-07-012022-06-30018724722022-06-3001872472ns16:EnglandWales2022-07-012023-06-3001872472ns15:PoundSterling2022-07-012023-06-3001872472ns11:Director12022-07-012023-06-3001872472ns11:Director22022-07-012023-06-3001872472ns11:Director32022-07-012023-06-3001872472ns11:PrivateLimitedCompanyLtd2022-07-012023-06-3001872472ns11:SmallEntities2022-07-012023-06-3001872472ns11:AuditExempt-NoAccountantsReport2022-07-012023-06-3001872472ns11:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3001872472ns11:SmallCompaniesRegimeForAccounts2022-07-012023-06-3001872472ns11:FullAccounts2022-07-012023-06-3001872472ns11:OrdinaryShareClass12022-07-012023-06-3001872472ns11:OrdinaryShareClass22022-07-012023-06-3001872472ns11:OrdinaryShareClass32022-07-012023-06-3001872472ns11:OrdinaryShareClass42022-07-012023-06-3001872472ns11:CompanySecretary12022-07-012023-06-3001872472ns11:RegisteredOffice2022-07-012023-06-3001872472ns6:CurrentFinancialInstruments2023-06-3001872472ns6:CurrentFinancialInstruments2022-06-3001872472ns6:ShareCapital2023-06-3001872472ns6:ShareCapital2022-06-3001872472ns6:RetainedEarningsAccumulatedLosses2023-06-3001872472ns6:RetainedEarningsAccumulatedLosses2022-06-3001872472ns6:PlantMachinery2022-07-012023-06-3001872472ns6:MotorVehicles2022-07-012023-06-3001872472ns6:PlantMachinery2022-06-3001872472ns6:MotorVehicles2022-06-3001872472ns6:PlantMachinery2023-06-3001872472ns6:MotorVehicles2023-06-3001872472ns6:PlantMachinery2022-06-3001872472ns6:MotorVehicles2022-06-3001872472ns6:CostValuationns6:UnlistedNon-exchangeTraded2022-06-3001872472ns6:UnlistedNon-exchangeTraded2023-06-3001872472ns6:UnlistedNon-exchangeTraded2022-06-3001872472ns6:WithinOneYearns6:CurrentFinancialInstruments2023-06-3001872472ns6:WithinOneYearns6:CurrentFinancialInstruments2022-06-3001872472ns6:BetweenOneFiveYears2023-06-3001872472ns6:BetweenOneFiveYears2022-06-3001872472ns6:DeferredTaxation2022-06-3001872472ns6:DeferredTaxation2022-07-012023-06-3001872472ns6:DeferredTaxation2023-06-3001872472ns11:OrdinaryShareClass12023-06-3001872472ns11:OrdinaryShareClass22023-06-3001872472ns11:OrdinaryShareClass32023-06-3001872472ns11:OrdinaryShareClass42023-06-3001872472ns6:RetainedEarningsAccumulatedLosses2022-06-3001872472ns6:RetainedEarningsAccumulatedLosses2022-07-012023-06-30
REGISTERED NUMBER: 01872472 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Kamco Limited

Kamco Limited (Registered number: 01872472)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kamco Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: K A MacBain
Mrs J M MacBain
A MacBain





SECRETARY: Mrs J M MacBain





REGISTERED OFFICE: Unit 9, Curo Park
Frogmore
St Albans
Hertfordshire
AL2 2DD





REGISTERED NUMBER: 01872472 (England and Wales)






Kamco Limited (Registered number: 01872472)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,643 16,483
Investments 5 1 1
35,644 16,484

CURRENT ASSETS
Stocks 461,487 339,790
Debtors 6 254,187 315,595
Cash at bank and in hand 64,190 336,575
779,864 991,960
CREDITORS
Amounts falling due within one year 7 282,224 292,963
NET CURRENT ASSETS 497,640 698,997
TOTAL ASSETS LESS CURRENT
LIABILITIES

533,284

715,481

PROVISIONS FOR LIABILITIES 9 6,772 3,133
NET ASSETS 526,512 712,348

CAPITAL AND RESERVES
Called up share capital 10 103 103
Retained earnings 11 526,409 712,245
SHAREHOLDERS' FUNDS 526,512 712,348

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

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

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 November 2023 and were signed on its behalf by:



K A MacBain - Director Mrs J M MacBain - Director



A MacBain - Director


Kamco Limited (Registered number: 01872472)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Equipment - 20% on cost
Motor vehicles - 25% on cost

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 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
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 12 (2022 - 11 ) .

Kamco Limited (Registered number: 01872472)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 July 2022 522,019 23,995 546,014
Additions 34,343 - 34,343
Disposals - (23,995 ) (23,995 )
At 30 June 2023 556,362 - 556,362
DEPRECIATION
At 1 July 2022 505,537 23,994 529,531
Charge for year 15,182 - 15,182
Eliminated on disposal - (23,994 ) (23,994 )
At 30 June 2023 520,719 - 520,719
NET BOOK VALUE
At 30 June 2023 35,643 - 35,643
At 30 June 2022 16,482 1 16,483

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 July 2022
and 30 June 2023 1
NET BOOK VALUE
At 30 June 2023 1
At 30 June 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 203,179 300,475
Other debtors 51,008 15,120
254,187 315,595

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 184,285 194,793
Taxation and social security 7,102 79,231
Other creditors 90,837 18,939
282,224 292,963

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.23 30.6.22
£    £   
Between one and five years 106,151 76,450

Kamco Limited (Registered number: 01872472)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 6,772 3,133

Deferred
tax
£   
Balance at 1 July 2022 3,133
Provided during year 3,639
Balance at 30 June 2023 6,772

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary Class "A" £1 100 100
1 Ordinary Class "B" £1 1 1
1 Ordinary Class "C" £1 1 1
1 Ordinary Class "D" £1 1 1
103 103

11. RESERVES
Retained
earnings
£   

At 1 July 2022 712,245
Deficit for the year (110,836 )
Dividends (75,000 )
At 30 June 2023 526,409

12. PENSION COMMITMENTS

The company operates two defined contribution schemes, The Kamco Limited Executive Plan Pension Scheme and The Kamco Limited No 2 Pension Plan together with two external schemes with Scottish Equitable and The People's Pension. The assets of all the schemes are held separately from those of the company in independently administered funds. The total pension charge in the accounts represents contributions paid by the company to these funds and amounted to £400,497 (2022 - £18,126).

13. CAPITAL COMMITMENTS
30.6.23 30.6.22
£    £   
Contracted but not provided for in the
financial statements - 33,960

14. RELATED PARTY DISCLOSURES

The trading premises occupied by the company are owned by The Kamco Limited No 2 Pension Plan in which the three directors are members. There are formal leases in place between the company and the pension scheme with an annual market value rent amounting to £79,790 (2022 - £76,450) being paid by the company during the financial year.