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REGISTERED NUMBER: 04259021 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 December 2023

for

K.M. ENGINEERING LIMITED

K.M. ENGINEERING LIMITED (REGISTERED NUMBER: 04259021)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


K.M. ENGINEERING LIMITED

Company Information
for the year ended 31 December 2023







DIRECTOR: J P Carter





REGISTERED OFFICE: Unit 7B
Parnall Road Trading Estate
Fishponds
Bristol
BS16 3JQ





REGISTERED NUMBER: 04259021 (England and Wales)





ACCOUNTANTS: Mitchell Glanville (Bristol) Limited
c/o MGB Accountants - Suite 22
Trym Lodge, 1 Henbury Road
Westbury-on-Trym
Bristol
BS9 3HQ

K.M. ENGINEERING LIMITED (REGISTERED NUMBER: 04259021)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 225,229 255,098
225,229 255,098

CURRENT ASSETS
Stocks 111,714 138,408
Debtors 6 587,641 446,290
Cash at bank and in hand 223,206 137,027
922,561 721,725
CREDITORS
Amounts falling due within one year 7 148,861 96,503
NET CURRENT ASSETS 773,700 625,222
TOTAL ASSETS LESS CURRENT
LIABILITIES

998,929

880,320

CREDITORS
Amounts falling due after more than one year 8 (216,000 ) (216,000 )

PROVISIONS FOR LIABILITIES (36,041 ) (40,233 )
NET ASSETS 746,888 624,087

CAPITAL AND RESERVES
Called up share capital 220 220
Retained earnings 746,668 623,867
SHAREHOLDERS' FUNDS 746,888 624,087

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

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

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 19 July 2024 and were signed by:




J P Carter - Director


K.M. ENGINEERING LIMITED (REGISTERED NUMBER: 04259021)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

K.M. Engineering 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 with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery etc - 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

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.

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 14 (2022 - 12 ) .

K.M. ENGINEERING LIMITED (REGISTERED NUMBER: 04259021)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 128,882
AMORTISATION
At 1 January 2023
and 31 December 2023 128,882
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 1,032,742
Additions 25,081
At 31 December 2023 1,057,823
DEPRECIATION
At 1 January 2023 777,644
Charge for year 54,950
At 31 December 2023 832,594
NET BOOK VALUE
At 31 December 2023 225,229
At 31 December 2022 255,098

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 175,141 163,790
Amounts owed by group undertakings 412,500 277,500
Other debtors - 5,000
587,641 446,290

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 26,742 21,046
Taxation and social security 118,119 70,457
Other creditors 4,000 5,000
148,861 96,503

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Inter company balance 216,000 216,000