2023-04-01 04421536 2024-03-31 04421536 2023-04-01 2024-03-31 04421536 2023-03-31 04421536 2022-04-01 2023-03-31 04421536 uk-core:WithinOneYear 2023-03-31 04421536 uk-core:WithinOneYear 2024-03-31 04421536 uk-core:ShareCapital 2024-03-31 04421536 uk-core:ShareCapital 2023-03-31 04421536 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 04421536 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 04421536 uk-bus:Director1 2023-04-01 2024-03-31 04421536 uk-core:NetGoodwill 2023-04-01 2024-03-31 04421536 uk-core:OfficeEquipment 2023-04-01 2024-03-31 04421536 uk-core:Goodwill 2023-03-31 04421536 uk-core:Goodwill 2024-03-31 iso4217:GBP xbrli:pure 04421536 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04421536 uk-bus:FRS102 2023-04-01 2024-03-31 04421536 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 04421536 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
KLM Payroll Services Limited
Registered Number:04421536
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
04421536
As at 31 March 2024
KLM Payroll Services Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
99
116
3
99
116
Current assets
Trade and other receivables
160
331
4
1,546
Cash and cash equivalents
721
1,052
1,706
Trade and other payables: amounts falling due within one
year
(934)
(386)
5
772
666
Net current assets
Total assets less current liabilities
765
888
765
Net assets
888
Capital and reserves
Called up share capital
1
1
Retained earnings
764
887
765
888
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mandy Pritchard Director
These financial statements were approved and authorised for issue by the Board on 04 April 2024 and were signed by:
The notes form part of these financial statements
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For the year ended 31 March 2024
KLM Payroll Services Limited
Notes to the Financial Statements
Statutory Information
KLM Payroll Services Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04421536.
Registered address:
Jaguar House
Cecil Street
Birmingham
B19 3ST
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill is amortised over 5 years on a straight line basis from adoption of the policy to amortise under FRS102 .
Property, plant and equipment
Tangible fixed assets are stated at cost or valuation less depreciation . Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
15% Reducing balance
Computer equipment
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2023
10,000
At 31 March 2024
10,000
Amortisation
At 01 April 2023
10,000
At 31 March 2024
10,000
Net book value
At 31 March 2024
-
At 31 March 2023
-
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4
For the year ended 31 March 2024
KLM Payroll Services Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Computer
equipment
£
Cost or
valuation
At 01 April 2023
756
At 31 March 2024
756
Provision for depreciation and impairment
At 01 April 2023
640
Charge for year
17
At 31 March 2024
657
At 31 March 2024
Net book value
99
At 31 March 2023
116
4. Trade and other receivables
2023
2024
£
£
Trade debtors
(180)
70
Amounts owed by directors
511
90
160
331
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
-
491
Taxation and social security
386
443
386
934
6. Related party transactions
The ultimate controlling party during the year was Mandy Pritchard , director , whom controls the company by virtue
of owning 100% of the share capital.
7. Average number of persons employed
During the year the average number of employees was 4 (2023 : 4)
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