IRIS Accounts Production v23.3.0.418 03642551 Board of Directors 1.10.22 30.9.23 30.9.23 false true false false true false Ordinary A Shares 1.00000 Ordinary B Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh036425512022-09-30036425512023-09-30036425512022-10-012023-09-30036425512021-09-30036425512021-10-012022-09-30036425512022-09-3003642551ns10:Originalns15:EnglandWales2022-10-012023-09-3003642551ns14:PoundSterlingns10:Original2022-10-012023-09-3003642551ns10:Originalns10:Director12022-10-012023-09-3003642551ns10:Original2022-10-012023-09-3003642551ns10:Original2023-09-3003642551ns10:Originalns10:PrivateLimitedCompanyLtd2022-10-012023-09-3003642551ns10:Originalns10:SmallEntities2022-10-012023-09-3003642551ns10:Originalns10:AuditExemptWithAccountantsReport2022-10-012023-09-3003642551ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3003642551ns10:SmallCompaniesRegimeForAccountsns10:Original2022-10-012023-09-3003642551ns10:Originalns10:FullAccounts2022-10-012023-09-3003642551ns10:Originalns10:OrdinaryShareClass12022-10-012023-09-3003642551ns10:Originalns10:OrdinaryShareClass22022-10-012023-09-3003642551ns10:Originalns10:Director22022-10-012023-09-3003642551ns10:Originalns10:Director32022-10-012023-09-3003642551ns10:CompanySecretary1ns10:Original2022-10-012023-09-3003642551ns10:Originalns10:RegisteredOffice2022-10-012023-09-3003642551ns10:Original2022-09-3003642551ns10:Originalns5:CurrentFinancialInstruments2023-09-3003642551ns10:Originalns5:CurrentFinancialInstruments2022-09-3003642551ns5:ShareCapitalns10:Original2023-09-3003642551ns5:ShareCapitalns10:Original2022-09-3003642551ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-09-3003642551ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-3003642551ns10:Originalns5:PlantMachinery2022-10-012023-09-3003642551ns10:Originalns5:MotorVehicles2022-10-012023-09-3003642551ns10:Originalns5:ComputerEquipment2022-10-012023-09-3003642551ns10:Original2021-10-012022-09-3003642551ns10:Originalns5:PlantMachinery2022-09-3003642551ns10:Originalns5:MotorVehicles2022-09-3003642551ns10:Originalns5:ComputerEquipment2022-09-3003642551ns10:Original2022-09-3003642551ns10:Originalns5:PlantMachinery2023-09-3003642551ns10:Originalns5:MotorVehicles2023-09-3003642551ns10:Originalns5:ComputerEquipment2023-09-3003642551ns10:Originalns5:PlantMachinery2022-09-3003642551ns10:Originalns5:MotorVehicles2022-09-3003642551ns10:Originalns5:ComputerEquipment2022-09-3003642551ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3003642551ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3003642551ns10:Originalns5:DeferredTaxation2022-09-3003642551ns10:Originalns5:DeferredTaxation2022-10-012023-09-3003642551ns10:Originalns5:DeferredTaxation2023-09-3003642551ns10:Originalns10:OrdinaryShareClass12023-09-3003642551ns10:Originalns10:OrdinaryShareClass22023-09-30
REGISTERED NUMBER: 03642551 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th September 2023

for

KYD PRODUCTS LIMITED

KYD PRODUCTS LIMITED (REGISTERED NUMBER: 03642551)

Contents of the Financial Statements
for the Year Ended 30th September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

KYD PRODUCTS LIMITED

Company Information
for the Year Ended 30th September 2023







DIRECTORS: Mr K Healey
Mrs T J Light
Mr A P Light





SECRETARY: Mr A P Light





REGISTERED OFFICE: Unit 17 Boultbee Business Units
Nechells Place
Birmingham
West Midlands
B7 5AR





REGISTERED NUMBER: 03642551 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

KYD PRODUCTS LIMITED (REGISTERED NUMBER: 03642551)

Balance Sheet
30th September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,968 6,005

CURRENT ASSETS
Stocks 5 400,864 418,483
Debtors 6 63,046 226,468
Cash at bank and in hand 319,675 95,724
783,585 740,675
CREDITORS
Amounts falling due within one year 7 58,201 70,145
NET CURRENT ASSETS 725,384 670,530
TOTAL ASSETS LESS CURRENT LIABILITIES 730,352 676,535

PROVISIONS FOR LIABILITIES 8 944 1,141
NET ASSETS 729,408 675,394

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 729,308 675,294
SHAREHOLDERS' FUNDS 729,408 675,394

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

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

KYD PRODUCTS LIMITED (REGISTERED NUMBER: 03642551)

Balance Sheet - continued
30th September 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 6th February 2024 and were signed on its behalf by:





Mr A P Light - Director


KYD PRODUCTS LIMITED (REGISTERED NUMBER: 03642551)

Notes to the Financial Statements
for the Year Ended 30th September 2023


1. STATUTORY INFORMATION

Kyd Products 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 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 machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer 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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.


KYD PRODUCTS LIMITED (REGISTERED NUMBER: 03642551)

Notes to the Financial Statements - continued
for the Year Ended 30th September 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st October 2022
and 30th September 2023 64,111 8,970 10,045 83,126
DEPRECIATION
At 1st October 2022 59,452 8,932 8,737 77,121
Charge for year 699 9 329 1,037
At 30th September 2023 60,151 8,941 9,066 78,158
NET BOOK VALUE
At 30th September 2023 3,960 29 979 4,968
At 30th September 2022 4,659 38 1,308 6,005

5. STOCKS
2023 2022
£    £   
Stocks 400,864 418,483

KYD PRODUCTS LIMITED (REGISTERED NUMBER: 03642551)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 60,984 53,779
Other debtors - 161,300
VAT - 8,747
Prepayments 2,062 2,642
63,046 226,468

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 20,449 40,788
Tax 26,467 25,425
Social security and other taxes 662 621
VAT 7,782 -
Other creditors 419 1,081
Directors' current accounts 26 26
Accrued expenses 2,396 2,204
58,201 70,145

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 944 1,141

Deferred
tax
£   
Balance at 1st October 2022 1,141
Provided during year (197 )
Balance at 30th September 2023 944

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A Shares £1 50 50
50 Ordinary B Shares £1 50 50
100 100

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Kyd Products Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kyd Products Limited for the year ended 30th September 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kyd Products Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kyd Products Limited and state those matters that we have agreed to state to the Board of Directors of Kyd Products Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kyd Products Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kyd Products Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kyd Products Limited. You consider that Kyd Products Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kyd Products Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST


6th February 2024