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REGISTERED NUMBER: 01690857 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

The KJM Group Limited

The KJM Group Limited (Registered number: 01690857)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The KJM Group Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mark Stuart Pearce



SECRETARY: Mrs Linda Ann Pope



REGISTERED OFFICE: 9 Mylen Business Centre
Mylen Road
Andover
Hampshire
SP10 3HR



REGISTERED NUMBER: 01690857 (England and Wales)



BANKERS: Lloyds Bank plc
22 High Street
Andover
Hampshire
SP10 1NY

The KJM Group Limited (Registered number: 01690857)

Balance Sheet
31 March 2023

2023 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 280,514 320,017
Investments 5 1 -
280,515 320,017

CURRENT ASSETS
Stocks 89,655 101,927
Debtors 6 377,118 437,783
Cash at bank 2,173,391 2,007,089
2,640,164 2,546,799
CREDITORS
Amounts falling due within one year 7 932,585 915,900
NET CURRENT ASSETS 1,707,579 1,630,899
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,988,094

1,950,916

PROVISIONS FOR LIABILITIES 31,678 30,218
NET ASSETS 1,956,416 1,920,698

The KJM Group Limited (Registered number: 01690857)

Balance Sheet - continued
31 March 2023

2023 2022
as restated
Notes £ £ £ £
CAPITAL AND RESERVES
Called up share capital 8,277 8,277
Non-distrib
-utable reserve 8 90,821 94,550
Capital redemption reserve 6,723 6,723
Retained earnings 1,850,595 1,811,148
SHAREHOLDERS' FUNDS 1,956,416 1,920,698

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

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

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 director and authorised for issue on 20 October 2023 and were signed by:





Mark Stuart Pearce - Director


The KJM Group Limited (Registered number: 01690857)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

The KJM Group 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 as modified by the revaluation of certain assets.

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.
Short leasehold - Straight line over the life of the lease
Long leasehold - 2% on cost
Plant and equipm't - 20% on cost
Furniture and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Office equipment - straight line over 3 years

Tangible fixed assets are included at cost less depreciation except for the long leasehold building which has been included at valuation, being its fair value on the transition to FRS102 on 1 April 2014, less depreciation on this revalued amount.

Motor vehicles bought before 1 April 2020 are depreciated at 20% on cost.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


The KJM Group Limited (Registered number: 01690857)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

Investments
Investments in shares are included at fair value. Movements in fair value are taken to the Income Statement.

Significant judgements and estimates
The Company offers a ten year warranty on the majority of its products and a provision is made for the costs that it is anticipated will arise as a result.

The measurement of this provision is a source of estimation uncertainty. The provision has been calculated by examining the historical experience of the cost of repairs under warranty including materials and labour. These were found to average approximately 1% of turnover and accordingly a provision of this amount is made. Earlier year provisions are reduced by 10% per year, on the basis that, with the passage of time, claims will fall, with the result that, after ten years, the provision drops out of account.

The provision is included in other creditors, in note 8.

The KJM Group Limited (Registered number: 01690857)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 29 ) .

4. TANGIBLE FIXED ASSETS
Short Long Plant and
leasehold leasehold equipm't
£ £ £
COST OR VALUATION
At 1 April 2022 24,846 140,000 26,945
Additions - - -
Disposals - - -
At 31 March 2023 24,846 140,000 26,945
DEPRECIATION
At 1 April 2022 22,907 22,400 26,253
Charge for year 721 2,800 245
Eliminated on disposal - - -
At 31 March 2023 23,628 25,200 26,498
NET BOOK VALUE
At 31 March 2023 1,218 114,800 447
At 31 March 2022 1,939 117,600 692

The KJM Group Limited (Registered number: 01690857)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Furniture
and Motor Office
fittings vehicles equipment Totals
£ £ £ £
COST OR VALUATION
At 1 April 2022 47,386 439,426 95,319 773,922
Additions - 32,990 1,289 34,279
Disposals - (34,400 ) - (34,400 )
At 31 March 2023 47,386 438,016 96,608 773,801
DEPRECIATION
At 1 April 2022 46,497 248,502 87,346 453,905
Charge for year 421 63,816 5,779 73,782
Eliminated on disposal - (34,400 ) - (34,400 )
At 31 March 2023 46,918 277,918 93,125 493,287
NET BOOK VALUE
At 31 March 2023 468 160,098 3,483 280,514
At 31 March 2022 889 190,924 7,973 320,017

The long leasehold property was revalued in 1996 at £73,000 and a revaluation reserve created. The Company had adopted the transitional arrangements afforded by Financial Reporting Standard 15 and this value had not been updated. Under the transitional arrangements afforded by Financial Reporting Standard 102 (FRS102), the director chose to revalue the long leasehold land and buildings and accordingly the asset was revalued at fair value on 1 April 2014 at £140,000 based on available market information. The resulting movement in value was credited to the revaluation reserve and this reserve was reclassified as a non-distributable reserve. The valuation of £140,000 was adopted as the deemed cost of the asset concerned.

The original cost of the land and buildings in question was £41,450.

In accordance with FRS102 deferred tax is provided on the revalued amount. This is adjusted each year in accordance with movements in the indexation allowance (withdrawn after 31 December 2017) or changes in the rates of tax and any resulting movements are transferred to the non-distributable reserve.

A transfer is made, each year, from the non-distributable reserve to retained earnings (profit and loss account) equivalent to the difference between depreciation charged on the revalued amount and the depreciation that would have been charged based on the original cost.

The movements to or from the non-distributable reserve have no impact on the current or future taxation charge.

The KJM Group Limited (Registered number: 01690857)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST OR VALUATION
Additions 5,000
Revaluations (4,999 )
At 31 March 2023 1
NET BOOK VALUE
At 31 March 2023 1

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£
Valuation in 2023 (4,999 )
Cost 5,000
1

This represents an investment in St Marybourne Shop and Café - a Community Benefit Society. In the opinion of the director, having regard to likely future cash flows arising therefrom, the investment has a nominal value of £1 only and accordingly it has been written down to that value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£ £
Trade debtors 344,620 362,511
Other debtors 32,498 75,272
377,118 437,783

The KJM Group Limited (Registered number: 01690857)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£ £
Trade creditors 249,394 283,353
Taxation and social security 213,869 163,321
Other creditors 469,322 469,226
932,585 915,900

8. RESERVES
Non-distrib
-utable
reserve
£
At 1 April 2022 94,550
Depreciation on revaluation
surplus transferred to
retained earnings (2,355 )
Deferred tax movement on
revalued asset (1,374 )

At 31 March 2023 90,821

9. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £201,200 (2022 - £163,730).