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Logo On Report
Registered Number: 09306028
England and Wales

 

 

 

K & M HERD LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
Directors Michelle Herd
Kevin Herd
Registered Number 09306028
Registered Office Corner House
Crawley Ridge, Camberley
Surrey
GU15 2AD
Accountants Ward Williams Creatives Limited
Belgrave House
39-43 Monument Hill
Weybridge
Surrey
KT13 8RN
1
 
 
Notes
 
2023
£
  2022
£
Turnover 180,013    132,195 
Cost of sales (15,766)   (6,057)
Gross profit 164,247    126,138 
Administrative expenses (53,268)   (46,286)
Operating profit 110,979    79,852 
Interest payable and similar charges (106)   (40)
Profit/(Loss) on ordinary activities before taxation 110,873    79,812 
Tax on profit on ordinary activities (23,578)   (9,986)
Profit/(Loss) for the financial year 87,295    69,826 
 
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 25,388    27,991 
Investments 4 70,000   
95,388    27,991 
Current assets      
Debtors 5 248   
Cash at bank and in hand 153,459    190,360 
153,707    190,360 
Creditors: amount falling due within one year 6 (113,015)   (97,371)
Net current assets 40,692    92,989 
 
Total assets less current liabilities 136,080    120,980 
Net assets 136,080    120,980 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 135,980    120,880 
Shareholder's funds 136,080    120,980 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 12 March 2024 and were signed on its behalf by:


-------------------------------
Michelle Herd
Director
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General Information
K & M Herd Limited is a private company, limited by shares, registered in England and Wales, registration number 09306028, registration address Corner House, Crawley Ridge, Camberley, Surrey, GU15 2AD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. 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:
Plant and Machinery 25% Reducing Balance
Fixtures and Fittings 15% Straight Line
Computer Equipment 25% Straight Line
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 December 2022 43,783    2,195    7,453    53,431 
Additions 1,635      10,379    12,014 
Disposals      
At 30 November 2023 45,418    2,195    17,832    65,445 
Depreciation
At 01 December 2022 20,839    2,166    6,816    29,821 
Charge for year 6,145    29    4,062    10,236 
On disposals      
At 30 November 2023 26,984    2,195    10,878    40,057 
Net book values
Closing balance as at 30 November 2023 18,434      6,954    25,388 
Opening balance as at 01 December 2022 25,867    29    2,095    27,991 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 December 2022  
Additions 70,000    70,000 
Transfer to/from tangible fixed assets  
Disposals  
At 30 November 2023 70,000    70,000 

5.

Debtors: amounts falling due after one year

2023
£
  2022
£
Prepayments 248   
248   

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Corporation Tax 23,578    9,986 
PAYE & Social Security 3,204   
Accrued Expenses 1,900    3,728 
Other Creditors 1,560    3,403 
Directors' Current Accounts 45,999    53,612 
Directors Loan Account 2 26,138    21,674 
VAT 10,636    4,968 
113,015    97,371 

4