0 false false false false false false false false false true false false false false false false No description of principal activity 2022-10-01 Sage Accounts Production Advanced 2021 - FRS102_2021 51,079 3,461 2,312 52,228 52,228 51,079 xbrli:pure xbrli:shares iso4217:GBP SC516774 2022-10-01 2023-09-30 SC516774 2023-09-30 SC516774 2021-10-01 2022-09-30 SC516774 2022-09-30 SC516774 core:FurnitureFittings 2022-10-01 2023-09-30 SC516774 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 SC516774 bus:Director1 2022-10-01 2023-09-30 SC516774 core:WithinOneYear 2023-09-30 SC516774 core:WithinOneYear 2022-09-30 SC516774 core:UKTax 2022-10-01 2023-09-30 SC516774 core:UKTax 2021-10-01 2022-09-30 SC516774 core:ShareCapital 2023-09-30 SC516774 core:ShareCapital 2022-09-30 SC516774 core:RetainedEarningsAccumulatedLosses 2023-09-30 SC516774 core:RetainedEarningsAccumulatedLosses 2022-09-30 SC516774 core:CostValuation core:Non-currentFinancialInstruments 2022-09-30 SC516774 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-09-30 SC516774 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2023-09-30 SC516774 core:CostValuation core:Non-currentFinancialInstruments 2023-09-30 SC516774 core:Non-currentFinancialInstruments 2023-09-30 SC516774 core:Non-currentFinancialInstruments 2022-09-30 SC516774 bus:SmallEntities 2022-10-01 2023-09-30 SC516774 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 SC516774 bus:FullAccounts 2022-10-01 2023-09-30 SC516774 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 SC516774 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 SC516774 bus:OrdinaryShareClass1 2023-09-30 SC516774 bus:OrdinaryShareClass1 2022-09-30 SC516774 core:OfficeEquipment 2022-10-01 2023-09-30
COMPANY REGISTRATION NUMBER: SC516774
KDM Architects Limited
Filleted Unaudited Financial Statements
30 September 2023
KDM Architects Limited
Financial Statements
Year ended 30 September 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
KDM Architects Limited
Statement of Financial Position
30 September 2023
2023
2022
Note
£
£
£
Fixed assets
Investments
6
52,228
51,079
Current assets
Debtors
7
92,077
10,931
Cash at bank and in hand
351,407
482,283
---------
---------
443,484
493,214
Creditors: amounts falling due within one year
8
17,386
65,679
---------
---------
Net current assets
426,098
427,535
---------
---------
Total assets less current liabilities
478,326
478,614
---------
---------
Net assets
478,326
478,614
---------
---------
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
478,226
478,514
---------
---------
Shareholders funds
478,326
478,614
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
KDM Architects Limited
Statement of Financial Position (continued)
30 September 2023
These financial statements were approved by the board of directors and authorised for issue on 13 February 2024 , and are signed on behalf of the board by:
Mr K. M. Duncan
Director
Company registration number: SC516774
KDM Architects Limited
Notes to the Financial Statements
Year ended 30 September 2023
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 15 Camperdown Street, Broughty Ferry, Dundee, DD5 3AA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Corporation tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and Fittings
-
20% straight line
Office Equipment
-
25% straight line
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2022: 5 ).
5. Tax on profit
Major components of tax (income)/expense
2023
2022
£
£
Current tax:
UK current tax (income)/expense
( 5,454)
29,719
-------
--------
Tax on profit
( 5,454)
29,719
-------
--------
6. Investments
Investments
£
Cost
At 1 October 2022
51,079
Additions
3,461
Disposals
( 2,312)
--------
At 30 September 2023
52,228
--------
Impairment
At 1 October 2022 and 30 September 2023
--------
Carrying amount
At 30 September 2023
52,228
--------
At 30 September 2022
51,079
--------
7. Debtors
2023
2022
£
£
Trade debtors
68,369
1,848
Other debtors
23,708
9,083
--------
--------
92,077
10,931
--------
--------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
60
Corporation tax
29,719
Social security and other taxes
11,357
Other creditors
17,326
24,603
--------
--------
17,386
65,679
--------
--------
9. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
10. Transactions with directors
The company was under the control of Mr K Duncan and Mrs E Duncan throughout the current and previous year.