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REGISTERED NUMBER: 09375340 (England and Wales)
















Financial Statements

for the Year Ended 31 March 2024

for

KMB Engineering Limited

KMB Engineering Limited (Registered number: 09375340)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


KMB Engineering Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: K M A Bilsby





REGISTERED OFFICE: Stow Lodge
Stow Road
Cirencester
Gloucestershire
GL7 5HB





REGISTERED NUMBER: 09375340 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

KMB Engineering Limited

Report of the Accountants to the Director of
KMB Engineering Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GCSD Accountants Limited


17 July 2024

KMB Engineering Limited (Registered number: 09375340)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 243,020 202,429

CURRENT ASSETS
Debtors 5 4,222 44,770
Cash at bank 99,590 33,379
103,812 78,149
CREDITORS
Amounts falling due within one year 6 144,392 86,618
NET CURRENT LIABILITIES (40,580 ) (8,469 )
TOTAL ASSETS LESS CURRENT LIABILITIES 202,440 193,960

CREDITORS
Amounts falling due after more than one
year

7

(8,360

)

(15,075

)

PROVISIONS FOR LIABILITIES (27,920 ) (25,937 )
NET ASSETS 166,160 152,948

KMB Engineering Limited (Registered number: 09375340)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 166,159 152,947
SHAREHOLDERS' FUNDS 166,160 152,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 July 2024 and were signed by:





K M A Bilsby - Director


KMB Engineering Limited (Registered number: 09375340)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

KMB Engineering 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.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


KMB Engineering Limited (Registered number: 09375340)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 69,163 181,439 73,981
Additions 10,416 15,025 -
Disposals - - -
At 31 March 2024 79,579 196,464 73,981
DEPRECIATION
At 1 April 2023 11,046 95,392 49,217
Charge for year 10,280 15,161 3,715
Eliminated on disposal - - -
At 31 March 2024 21,326 110,553 52,932
NET BOOK VALUE
At 31 March 2024 58,253 85,911 21,049
At 31 March 2023 58,117 86,047 24,764

KMB Engineering Limited (Registered number: 09375340)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 56,000 2,905 383,488
Additions 73,798 399 99,638
Disposals (12,500 ) - (12,500 )
At 31 March 2024 117,298 3,304 470,626
DEPRECIATION
At 1 April 2023 23,016 2,388 181,059
Charge for year 25,707 229 55,092
Eliminated on disposal (8,545 ) - (8,545 )
At 31 March 2024 40,178 2,617 227,606
NET BOOK VALUE
At 31 March 2024 77,120 687 243,020
At 31 March 2023 32,984 517 202,429

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,438 10,169
Other debtors 2,784 34,601
4,222 44,770

KMB Engineering Limited (Registered number: 09375340)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,700 6,700
Trade creditors 17,030 160
Taxation and social security 7,979 14,471
Other creditors 112,683 65,287
144,392 86,618

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,360 15,075

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
K M A Bilsby
Balance outstanding at start of year 29,763 (65 )
Amounts advanced 44,710 77,224
Amounts repaid (121,681 ) (47,396 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (47,208 ) 29,763

9. RELATED PARTY DISCLOSURES

During the year the director, K M A Bilsby, provided business premises to the company on a rent-free basis.