1 August 2023 false Taxfiler 2024.5 09703211business:PrivateLimitedCompanyLtd2023-08-012024-07-31 097032112023-07-31 097032112023-08-012024-07-31 09703211business:AuditExempt-NoAccountantsReport2023-08-012024-07-31 09703211business:FilletedAccounts2023-08-012024-07-31 097032112024-07-31 09703211business:Director12023-08-012024-07-31 09703211business:Director22023-08-012024-07-31 09703211business:RegisteredOffice2023-08-012024-07-31 097032112023-07-31 09703211core:WithinOneYear2024-07-31 09703211core:WithinOneYear2023-07-31 09703211core:AfterOneYear2024-07-31 09703211core:AfterOneYear2023-07-31 09703211core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 09703211core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 09703211core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 09703211core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 09703211core:PreviouslyStatedAmount2024-07-31 09703211core:PreviouslyStatedAmount2023-07-31 09703211business:SmallEntities2023-08-012024-07-31 09703211countries:EnglandWales2023-08-012024-07-31 09703211core:PlantMachinery2023-08-012024-07-31 09703211core:MotorVehicles2023-08-012024-07-31 09703211core:ComputerEquipment2023-08-012024-07-31 09703211core:PlantMachinery2023-07-31 09703211core:MotorVehicles2023-07-31 09703211core:ComputerEquipment2023-07-31 09703211core:PlantMachinery2024-07-31 09703211core:MotorVehicles2024-07-31 09703211core:ComputerEquipment2024-07-31 09703211business:OrdinaryShareClass12023-08-012024-07-31 09703211business:OrdinaryShareClass12022-08-012023-07-31 097032112022-08-012023-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09703211 (England and Wales)
KCMY LIMITED Unaudited accounts for the year ended 31 July 2024
KCMY LIMITED Unaudited accounts Contents
Page
- 2 -
KCMY LIMITED Company Information for the year ended 31 July 2024
Directors
King Fai CHIU Maple Hiu Fung YU
Company Number
09703211 (England and Wales)
Registered Office
BRULIMAR HOUSE JUBILEE ROAD MIDDLETON MANCHESTER M24 2LX ENGLAND
Accountants
Lams Accountants 20 Burton Road Didsbury Manchester Greater Manchester M20 3ED
- 3 -
KCMY LIMITED Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
56,236 
75,961 
Current assets
Cash at bank and in hand
26,181 
18,967 
Creditors: amounts falling due within one year
(30,136)
(34,921)
Net current liabilities
(3,955)
(15,954)
Total assets less current liabilities
52,281 
60,007 
Creditors: amounts falling due after more than one year
(41,222)
(47,494)
Provisions for liabilities
Deferred tax
(10,685)
(14,433)
Net assets/(liabilities)
374 
(1,920)
Capital and reserves
Called up share capital
6 
6 
Profit and loss account
368 
(1,926)
Shareholders' funds
374 
(1,920)
For the year ending 31 July 2024 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 29 August 2024 and were signed on its behalf by
King Fai CHIU Director Company Registration No. 09703211
- 4 -
KCMY LIMITED Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
KCMY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09703211. The registered office is BRULIMAR HOUSE, JUBILEE ROAD, MIDDLETON MANCHESTER, M24 2LX, ENGLAND.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
20% Reducing Balance
Deferred taxation
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.
- 5 -
KCMY LIMITED Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
7,752 
70,894 
3,119 
81,765 
Additions
- 
- 
799 
799 
Disposals
(5,930)
- 
- 
(5,930)
At 31 July 2024
1,822 
70,894 
3,918 
76,634 
Depreciation
At 1 August 2023
4,060 
1,505 
239 
5,804 
Charge for the year
739 
17,395 
716 
18,850 
On disposals
(4,256)
- 
- 
(4,256)
At 31 July 2024
543 
18,900 
955 
20,398 
Net book value
At 31 July 2024
1,279 
51,994 
2,963 
56,236 
At 31 July 2023
3,692 
69,389 
2,880 
75,961 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
3,621 
(119)
Proposed dividends
10,000 
20,000 
Loans from directors
16,515 
15,040 
30,136 
34,921 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
41,222 
47,494 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
6 Ordinary shares of £1 each
6 
6 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -