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REGISTERED NUMBER: 08712774 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

K & M Rail Limited

K & M Rail Limited (Registered number: 08712774)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


K & M Rail Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr Ian Clark





REGISTERED OFFICE: Connect Business Village
24 Derby Road
Unit 5, 1st Floor
Liverpool
Merseyside
L5 9PR





REGISTERED NUMBER: 08712774 (England and Wales)





ACCOUNTANTS: LJS Accounting Services (UK) Ltd
Unit 5, 1st Floor
Connect Business Village
24 Derby Road
Liverpool
Merseyside
L5 9PR

K & M Rail Limited (Registered number: 08712774)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,176 11,265

CURRENT ASSETS
Debtors 5 108,573 50,768
Cash at bank 42,080 3,666
150,653 54,434
CREDITORS
Amounts falling due within one year 6 82,271 62,498
NET CURRENT ASSETS/(LIABILITIES) 68,382 (8,064 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,558

3,201

PROVISIONS FOR LIABILITIES 1,744 2,140
NET ASSETS 75,814 1,061

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 75,812 1,059
SHAREHOLDERS' FUNDS 75,814 1,061

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 April 2024 and were signed by:




Mr Ian Clark - Director


K & M Rail Limited (Registered number: 08712774)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

K & M Rail Limited 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.
Plant and machinery - 20% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

K & M Rail Limited (Registered number: 08712774)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2022 11,187 8,971 20,158
Additions - 170 170
At 31 October 2023 11,187 9,141 20,328
DEPRECIATION
At 1 November 2022 4,212 4,681 8,893
Charge for year 1,395 864 2,259
At 31 October 2023 5,607 5,545 11,152
NET BOOK VALUE
At 31 October 2023 5,580 3,596 9,176
At 31 October 2022 6,975 4,290 11,265

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 108,573 50,768

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 11,475 15,823
Taxation and social security 69,011 44,290
Other creditors 1,785 2,385
82,271 62,498

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
2 Ordinary 1 2 2

8. RESERVES
Retained
earnings
£   

At 1 November 2022 1,059
Profit for the year 114,753
Dividends (40,000 )
At 31 October 2023 75,812