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REGISTERED NUMBER: 06515596 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

KMS Professionals Limited

KMS Professionals Limited (Registered number: 06515596)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KMS Professionals Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs S D Mulligan
Miss A C Race





SECRETARY: Mrs S D Mulligan





REGISTERED OFFICE: Wagon Lodge
Court Lodge Farm
Forge Lane
Maidstone
Kent
ME15 0HQ





REGISTERED NUMBER: 06515596 (England and Wales)





ACCOUNTANTS: Accsys Accountants Limited
Chartered Accountants
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

KMS Professionals Limited (Registered number: 06515596)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 43,088 34,832
43,088 34,832

CURRENT ASSETS
Debtors 6 40,237 24,713
Cash at bank and in hand 511,127 202,032
551,364 226,745
CREDITORS
Amounts falling due within one year 7 270,990 180,649
NET CURRENT ASSETS 280,374 46,096
TOTAL ASSETS LESS CURRENT
LIABILITIES

323,462

80,928

CAPITAL AND RESERVES
Called up share capital 151 151
Capital redemption reserve 150 150
Retained earnings 323,161 80,627
323,462 80,928

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 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.

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 Board of Directors and authorised for issue on 21 June 2024 and were signed on its behalf by:



Miss A C Race - Director



Mrs S D Mulligan - Director


KMS Professionals Limited (Registered number: 06515596)

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

1. STATUTORY INFORMATION

KMS Professionals 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.

Goodwill
Goodwill, being the amount paid in connection of the acquisition of the business in 2008, has been fully amortised over its estimated life of eight years.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2023 - 42 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 40,000
AMORTISATION
At 1 April 2023
and 31 March 2024 40,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

KMS Professionals Limited (Registered number: 06515596)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 9,649 46,435 56,084
Additions - 21,955 21,955
Disposals - (9,156 ) (9,156 )
At 31 March 2024 9,649 59,234 68,883
DEPRECIATION
At 1 April 2023 8,138 13,114 21,252
Charge for year 416 10,164 10,580
Eliminated on disposal - (6,037 ) (6,037 )
At 31 March 2024 8,554 17,241 25,795
NET BOOK VALUE
At 31 March 2024 1,095 41,993 43,088
At 31 March 2023 1,511 33,321 34,832

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 33,457 23,937
Other debtors 6,780 776
40,237 24,713

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 21,851
Trade creditors 17,127 17,273
Taxation and social security 209,790 109,519
Other creditors 44,073 32,006
270,990 180,649

8. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet is £37,080.05.