KLM Payroll Services Limited |
Registered Number:04421536 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
KLM Payroll Services Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
99
116
3
99
116
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
1
1
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. |
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 |
1 of 3
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. |
Jaguar House
Cecil Street
Birmingham
B19 3ST
The presentation currency is £ sterling. |
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: |
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
10,000
10,000
10,000
10,000
-
-
2 of 3
For the year ended 31 March 2024
KLM Payroll Services Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment |
756
756
Provision for depreciation and impairment |
640
Charge for year
17
657
99
116
4. Trade and other receivables |
2023
2024
(180)
70
Amounts owed by directors |
511
90
160
331
5. Trade and other payables: amounts falling due within one year |
2023
2024
-
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)
3 of 3