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REGISTERED NUMBER: 13487981 (England and Wales)


KM Designworks Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






KM Designworks Limited (Registered number: 13487981)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


KM Designworks Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: Mr M C Kocaciklioglu





REGISTERED OFFICE: First Floor (email only)
85 Great Portland Street
London
W1W 7LT





REGISTERED NUMBER: 13487981 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
KM Designworks 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 Statement of Financial Position. 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 of KM Designworks Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of KM Designworks Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of KM Designworks Limited and state those matters that we have agreed to state to the director of KM Designworks Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KM Designworks Limited and its director for our work or for this report.

It is your duty to ensure that KM Designworks Limited 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 of KM Designworks Limited. You consider that KM Designworks Limited 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 KM Designworks Limited. 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.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


31 July 2024

KM Designworks Limited (Registered number: 13487981)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 6,728 6,068

CURRENT ASSETS
Debtors 5 12,123 226
Cash at bank and in hand 45,961 17,073
58,084 17,299
CREDITORS
Amounts falling due within one year 6 52,612 16,772
NET CURRENT ASSETS 5,472 527
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,200

6,595

PROVISIONS FOR LIABILITIES 7 1,278 1,153
NET ASSETS 10,922 5,442

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 10,822 5,342
SHAREHOLDERS' FUNDS 10,922 5,442

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.

KM Designworks Limited (Registered number: 13487981)

Statement of Financial Position - continued
31 March 2024


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 31 July 2024 and were signed by:





Mr M C Kocaciklioglu - Director


KM Designworks Limited (Registered number: 13487981)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

KM Designworks 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.

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.

Turnover is derived from the ordinary activities of the business.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 statement of financial position date.

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.

KM Designworks Limited (Registered number: 13487981)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 1 (2023 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 1,570 8,278 9,848
Additions 3,072 - 3,072
At 31 March 2024 4,642 8,278 12,920
DEPRECIATION
At 1 April 2023 640 3,140 3,780
Charge for year 1,020 1,392 2,412
At 31 March 2024 1,660 4,532 6,192
NET BOOK VALUE
At 31 March 2024 2,982 3,746 6,728
At 31 March 2023 930 5,138 6,068

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,882 -
Other debtors 241 226
12,123 226

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,200 -
Taxation and social security 7,546 2,063
Other creditors 38,866 14,709
52,612 16,772

KM Designworks Limited (Registered number: 13487981)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,278 1,153

Deferred
tax
£   
Balance at 1 April 2023 1,153
Provided during year 125
Balance at 31 March 2024 1,278

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2023 5,342
Profit for the year 20,480
Dividends (15,000 )
At 31 March 2024 10,822

10. RELATED PARTY DISCLOSURES

Persons with significant control

Included within creditors is an amount owed to key management personel at balance sheet date of £35,215 (2023: £13,593).