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REGISTERED NUMBER: 07194636 (England and Wales)















Financial Statements for the Year Ended 31 August 2023

for

KD Management Services Limited

KD Management Services Limited (Registered number: 07194636)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KD Management Services Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: K Dearling





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 07194636 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

KD Management Services Limited (Registered number: 07194636)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,563 2,719
Investments 5 225 225
1,788 2,944

CURRENT ASSETS
Debtors 6 4,207,959 4,276,245
Cash at bank 104,889 53,941
4,312,848 4,330,186
CREDITORS
Amounts falling due within one year 7 3,714,996 3,573,975
NET CURRENT ASSETS 597,852 756,211
TOTAL ASSETS LESS CURRENT
LIABILITIES

599,640

759,155

PROVISIONS FOR LIABILITIES 391 517
NET ASSETS 599,249 758,638

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 599,149 758,538
SHAREHOLDERS' FUNDS 599,249 758,638

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

KD Management Services Limited (Registered number: 07194636)

Balance Sheet - continued
31 August 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 director and authorised for issue on 28 August 2024 and were signed by:





K Dearling - Director


KD Management Services Limited (Registered number: 07194636)

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

1. STATUTORY INFORMATION

KD Management Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 07194636 and the registered office is 116 Duke Street, Liverpool L1 5JW.

The functional 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.

These financial statements have been prepared in accordance with Financial Reporting Standard 102 ''The Financial Reporting Standard in the UK and Republic of Ireland'' including provisions of Section 1A ''Small Entities'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention and prepared on a going concern basis, management have determined the Covid - 19 pandemic is not expected to have significant impact on the entity's ability to continue as a going concern.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover represents net invoiced sales of services and is measured at the fair value of the consideration received, excluding discounts, rebates, value added tax, other sales tax and interest due on loans received along with any fees and charges.

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 etc - 33% on cost and 15% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are initially recognised at cost. An annual impairment review is carried out with any aggregate surplus or deficit arising from changes in fair value being recognised in the profit or loss.

Financial instruments
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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 balance sheet date.


KD Management Services Limited (Registered number: 07194636)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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 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.

Loans and advances
Loans and advances are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. They arise when the company provides money directly to a customer with no intention of trading the receivable. Loans and receivables are measured at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 12,785
DEPRECIATION
At 1 September 2022 10,066
Charge for year 1,156
At 31 August 2023 11,222
NET BOOK VALUE
At 31 August 2023 1,563
At 31 August 2022 2,719

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2022
and 31 August 2023 225
NET BOOK VALUE
At 31 August 2023 225
At 31 August 2022 225

KD Management Services Limited (Registered number: 07194636)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 53,355 34,173
Amounts owed by participating interests 1,303,084 1,633,084
Loans receivable 2,851,520 2,608,988
4,207,959 4,276,245

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors - 312
Taxation and social security 49,343 47,814
Other creditors 3,665,653 3,525,849
3,714,996 3,573,975