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Company Registration No. 05541228 (England and Wales)
KD Bros. Limited Unaudited accounts for the year ended 31 August 2023
KD Bros. Limited Unaudited accounts Contents
Page
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KD Bros. Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,712,011 
3,972,817 
Current assets
Debtors
394,973 
229,885 
Cash at bank and in hand
1,625,335 
1,125,993 
2,020,308 
1,355,878 
Creditors: amounts falling due within one year
(1,262,978)
(1,377,887)
Net current assets/(liabilities)
757,330 
(22,009)
Total assets less current liabilities
5,469,341 
3,950,808 
Creditors: amounts falling due after more than one year
(524,334)
- 
Provisions for liabilities
Deferred tax
(150,338)
(137,004)
Net assets
4,794,669 
3,813,804 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
4,793,669 
3,812,804 
Shareholders' funds
4,794,669 
3,813,804 
For the year ending 31 August 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2024 and were signed on its behalf by
H Singh Bhambra Director Company Registration No. 05541228
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KD Bros. Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
KD Bros. Limited is a private company, limited by shares, registered in England and Wales, registration number 05541228. The registered office is 5 Hope Road, Off Regent Street, Leeds, West Yorkshire, LS9 7DU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
NIL
Plant & machinery
25% reducing balance basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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KD Bros. Limited Notes to the Accounts for the year ended 31 August 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants
Government grants in relation to the Coronavirus are credited to profit and loss account under the accrual method.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2022
386,000 
At 31 August 2023
386,000 
Amortisation
At 1 September 2022
386,000 
At 31 August 2023
386,000 
Net book value
At 31 August 2023
- 
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KD Bros. Limited Notes to the Accounts for the year ended 31 August 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2022
3,382,994 
2,210,230 
5,593,224 
Additions
693,000 
213,454 
906,454 
At 31 August 2023
4,075,994 
2,423,684 
6,499,678 
Depreciation
At 1 September 2022
6,000 
1,614,407 
1,620,407 
Charge for the year
- 
167,260 
167,260 
At 31 August 2023
6,000 
1,781,667 
1,787,667 
Net book value
At 31 August 2023
4,069,994 
642,017 
4,712,011 
At 31 August 2022
3,376,994 
595,823 
3,972,817 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
292,141 
130,120 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
310,758 
169,843 
Accrued income and prepayments
84,215 
60,042 
394,973 
229,885 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
452,669 
692,998 
Obligations under finance leases and hire purchase contracts
38,203 
36,511 
Trade creditors
43,083 
82,459 
Taxes and social security
449,015 
273,000 
Other creditors
280,008 
292,919 
1,262,978 
1,377,887 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
387,441 
- 
Obligations under finance leases and hire purchase contracts
136,893 
- 
524,334 
- 
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KD Bros. Limited Notes to the Accounts for the year ended 31 August 2023
9
Contingent liabilities
Santander UK PLC hold a fixed and floating charge over assets of the company. At the year end a loan of £840,110 was due to Santander UK PLC.
10
Controlling party
The ultimate parent company is KD Asset Holdings Limited. The registered office of KD Asset Holdings Limited is 5 Hope Road, Regent Street, Leeds, LS9 7DU
11
Average number of employees
During the year the average number of employees was 36 (2022: 33).
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