Company Registration No. 11870569 (England and Wales)
K D Windows & Doors Limited
Unaudited accounts
for the period from 1 April 2022 to 30 June 2023
K D Windows & Doors Limited
Unaudited accounts
Contents
K D Windows & Doors Limited
Company Information
for the period from 1 April 2022 to 30 June 2023
Directors
Karl Demuth
Karl Demuth
Company Number
11870569 (England and Wales)
Registered Office
2 Pembroke Close
HORNCHURCH
Essex
RM11 3ED
United Kingdom
Accountants
Kevin Gibbons MAAT
Virtual Financial Controller Limited
11 Sussex Avenue
Romford
RM3 0TA
K D Windows & Doors Limited
Statement of financial position
as at 30 June 2023
Tangible assets
5,795
8,742
Cash at bank and in hand
(115)
1,053
Creditors: amounts falling due within one year
(20,893)
(46,786)
Net current (liabilities)/assets
(5,816)
14,931
Total assets less current liabilities
(21)
23,673
Creditors: amounts falling due after more than one year
(30,375)
(23,813)
Net liabilities
(30,396)
(140)
Called up share capital
100
100
Profit and loss account
(30,496)
(240)
Shareholders' funds
(30,396)
(140)
For the period ending 30 June 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 3 March 2024 and were signed on its behalf by
Karl Demuth
Director
Company Registration No. 11870569
K D Windows & Doors Limited
Notes to the Accounts
for the period from 1 April 2022 to 30 June 2023
K D Windows & Doors Limited is a private company, limited by shares, registered in England and Wales, registration number 11870569. The registered office is 2 Pembroke Close, HORNCHURCH, Essex, RM11 3ED, United Kingdom.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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:
Plant & machinery
20% Straight Line
Motor vehicles
20% Straight Line
Computer equipment
33% Straight Line
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.
K D Windows & Doors Limited
Notes to the Accounts
for the period from 1 April 2022 to 30 June 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
1,704
12,508
836
15,048
At 30 June 2023
1,704
12,508
836
15,048
At 1 April 2022
303
5,705
298
6,306
Charge for the period
376
2,377
194
2,947
At 30 June 2023
679
8,082
492
9,253
At 30 June 2023
1,025
4,426
344
5,795
At 31 March 2022
1,401
6,803
538
8,742
Amounts falling due within one year
Accrued income and prepayments
-
91
Other debtors
10,935
34,414
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
6,570
Obligations under finance leases and hire purchase contracts
-
2,780
Trade creditors
2,175
9,321
Taxes and social security
1,873
5,630
Other creditors
7,609
4,598
K D Windows & Doors Limited
Notes to the Accounts
for the period from 1 April 2022 to 30 June 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
1,250
During 2020 the company obtained a COVID-19 bounce back loan to provide financial support during the national lockdowns imposed by the UK Government. The loan is underwritten by the UK Government and is repayable over 6 years.
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Short Term Loan
17,207
-
11,740
5,467
Short Term Loan
17,207
-
11,739
5,468
9
Post balance sheet events
The company ceased trading on 1 July 2023.
10
Average number of employees
During the period the average number of employees was 2 (2022: 2).