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REGISTERED NUMBER: 07422709 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Kmc Crash Repair Limited

Kmc Crash Repair Limited (Registered number: 07422709)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Kmc Crash Repair Limited (Registered number: 07422709)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,000 20,000
Property, plant and equipment 5 411,880 457,944
431,880 477,944

CURRENT ASSETS
Inventories 134,395 -
Debtors 6 644,096 470,803
Cash at bank 58,806 44,706
837,297 515,509
CREDITORS
Amounts falling due within one year 7 1,124,377 861,928
NET CURRENT LIABILITIES (287,080 ) (346,419 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,800

131,525

CREDITORS
Amounts falling due after more than one year 8 130,349 168,276
NET ASSETS/(LIABILITIES) 14,451 (36,751 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 14,449 (36,753 )
SHAREHOLDERS' FUNDS 14,451 (36,751 )

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

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

The directors acknowledge their 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.

Kmc Crash Repair Limited (Registered number: 07422709)

Statement of Financial Position - continued
31 March 2023


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 Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





Mr Keith Arthur Bradford - Director


Kmc Crash Repair Limited (Registered number: 07422709)

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

1. STATUTORY INFORMATION

Kmc Crash Repair Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07422709

Registered office: Unit 5 & 6 Warren Farm
Birchwood Road
Knockholt
Sevenoaks
Kent
TN14 7LP

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Office and computer equipment - 20% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.


Kmc Crash Repair Limited (Registered number: 07422709)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 11 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 20,000
NET BOOK VALUE
At 31 March 2023 20,000
At 31 March 2022 20,000

Kmc Crash Repair Limited (Registered number: 07422709)

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

5. PROPERTY, PLANT AND EQUIPMENT
Office
and
Freehold Plant and Motor computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 147,075 170,442 472,673 4,556 794,746
Additions - 18,005 - 1,437 19,442
At 31 March 2023 147,075 188,447 472,673 5,993 814,188
DEPRECIATION
At 1 April 2022 - 145,775 189,922 1,105 336,802
Charge for year - 8,190 56,551 765 65,506
At 31 March 2023 - 153,965 246,473 1,870 402,308
NET BOOK VALUE
At 31 March 2023 147,075 34,482 226,200 4,123 411,880
At 31 March 2022 147,075 24,667 282,751 3,451 457,944

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 490,581 319,560
Other debtors 153,515 151,243
644,096 470,803

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts - 8,333
Hire purchase contracts 54,010 48,172
Trade creditors 95,050 84,340
Taxation and social security 448,549 364,842
Other creditors 526,768 356,241
1,124,377 861,928

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 25,278 31,020
Hire purchase contracts 105,071 137,256
130,349 168,276