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REGISTERED NUMBER: 09056770 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2023

FOR

KMC COLLECTIONS LTD

KMC COLLECTIONS LTD (REGISTERED NUMBER: 09056770)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KMC COLLECTIONS LTD

COMPANY INFORMATION
for the Year Ended 31st May 2023







Directors: S Kapoor
Mrs C Jalota
Mrs A P Kapoor





Registered office: 2 Crabtree Avenue
Wilmslow
Cheshire
SK9 3UN





Registered number: 09056770 (England and Wales)





Accountants: DBF Associates
Chartered Accountants
South Cheetham B C
10 Park Place
Manchester
Lancashire
M4 4EY

KMC COLLECTIONS LTD (REGISTERED NUMBER: 09056770)

BALANCE SHEET
31st May 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 92,163 86,454
Investments 5 39,000 -
131,163 86,454

Current assets
Stocks 82,965 84,621
Debtors 6 69,551 83,742
Cash at bank and in hand 247,950 353,342
400,466 521,705
Creditors
Amounts falling due within one year 7 263,281 338,278
Net current assets 137,185 183,427
Total assets less current liabilities 268,348 269,881

Creditors
Amounts falling due after more than one year 8 30,748 40,494
Net assets 237,600 229,387

Capital and reserves
Called up share capital 9 5 5
Retained earnings 237,595 229,382
Shareholders' funds 237,600 229,387

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

KMC COLLECTIONS LTD (REGISTERED NUMBER: 09056770)

BALANCE SHEET - continued
31st May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st February 2024 and were signed on its behalf by:





S Kapoor - Director


KMC COLLECTIONS LTD (REGISTERED NUMBER: 09056770)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2023

1. Statutory information

Kmc Collections Ltd 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.

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

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 7 (2022 - 8 ) .

4. Tangible fixed assets
Improvements Fixtures
to and
property fittings Totals
£    £    £   
Cost
At 1st June 2022 85,000 6,934 91,934
Additions - 7,500 7,500
At 31st May 2023 85,000 14,434 99,434
Depreciation
At 1st June 2022 - 5,480 5,480
Charge for year - 1,791 1,791
At 31st May 2023 - 7,271 7,271
Net book value
At 31st May 2023 85,000 7,163 92,163
At 31st May 2022 85,000 1,454 86,454

KMC COLLECTIONS LTD (REGISTERED NUMBER: 09056770)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st May 2023

5. Fixed asset investments
Loans to
associates
£   
New in year 39,000
At 31st May 2023 39,000

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 59,994 66,718
Other debtors 9,557 17,024
69,551 83,742

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 157,843 175,656
Taxation and social security 105,438 162,622
263,281 338,278

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 30,748 40,494

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 30,748 40,494

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5 Ordinary 1 5 5