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REGISTERED NUMBER: 05672573 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

KMA TRADING LIMITED

KMA TRADING LIMITED (REGISTERED NUMBER: 05672573)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KMA TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D R Allison
N Willson





REGISTERED OFFICE: Marton Hall
Church Lane
Sewerby
Bridlington
East Yorkshire
YO15 1DS





REGISTERED NUMBER: 05672573 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

KMA TRADING LIMITED (REGISTERED NUMBER: 05672573)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 636
Tangible assets 5 - 4,291,854
- 4,292,490

CURRENT ASSETS
Stocks 394,331 464,051
Debtors 6 1,975,419 198,290
Cash at bank and in hand 6,623,019 1,514,116
8,992,769 2,176,457
CREDITORS
Amounts falling due within one year 7 186,527 945,090
NET CURRENT ASSETS 8,806,242 1,231,367
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,806,242

5,523,857

CREDITORS
Amounts falling due after more than one
year

8

-

(648,914

)

PROVISIONS FOR LIABILITIES - (112,628 )
NET ASSETS 8,806,242 4,762,315

CAPITAL AND RESERVES
Called up share capital 10 51 100
Capital redemption reserve 11 49 -
Retained earnings 11 8,806,142 4,762,215
SHAREHOLDERS' FUNDS 8,806,242 4,762,315

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 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.

KMA TRADING LIMITED (REGISTERED NUMBER: 05672573)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 14 May 2024 and were signed on its behalf by:




D R Allison - Director



N Willson - Director


KMA TRADING LIMITED (REGISTERED NUMBER: 05672573)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

KMA Trading 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 as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern
The financial statements have been prepared on the going concern basis of accounting, which assumes that the company is able to continue operating as a going concern.

Having considered all relevant factors, the board are of the opinion that the going concern basis of accounting remains appropriate.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of goods and services provided by the company.

Up until the disposal of the caravan park that the company owned, its turnover arose from the operation of the caravan park, excluding value added tax.

Income regarding site fees and insurance was deferred and released over the term of chargeable period, with the deferred amount being recorded as a current liability.

Income regarding light and heat recharges and other sundry park income was accrued and released over the term of the chargeable period, with the accrued amount being recorded as a current asset.

Income regarding park services, caravans and other goods sold were recognised on a receipts basis.

Since the caravan park was disposed of, the company's turnover has arisen from the trading of caravan stock, excluding value added tax.

Goodwill
Goodwill, which has been disposed of during the year, was the amount paid in connection with the acquisition of a business in 2006, and was being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land, buildings & site development - 2% on cost, excluding land element
Site offices - 10% on cost
Plant and machinery - 25% on reducing balance and 15% on reducing balance
Hire fleet - 15% on reducing balance

KMA TRADING LIMITED (REGISTERED NUMBER: 05672573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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

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.

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.

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.

Pension costs and other post-retirement benefits
The company has implemented automatic enrolment into a workplace pension scheme in relation to all employees.

All contributions payable for the year are charged to the income statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 7 ) .

KMA TRADING LIMITED (REGISTERED NUMBER: 05672573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023 4,053
Disposals (4,053 )
At 31 December 2023 -
AMORTISATION
At 1 January 2023 3,417
Charge for year 118
Eliminated on disposal (3,535 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 636

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 4,157,474 668,530 4,826,004
Additions 76,577 193,669 270,246
Disposals (4,234,051 ) (862,199 ) (5,096,250 )
At 31 December 2023 - - -
DEPRECIATION
At 1 January 2023 307,249 226,901 534,150
Charge for year 23,457 53,674 77,131
Eliminated on disposal (330,706 ) (280,575 ) (611,281 )
At 31 December 2023 - - -
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 3,850,225 441,629 4,291,854


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,384,102 57,304
Amounts owed by group undertakings 589,842 82,842
Other debtors 1,475 58,144
1,975,419 198,290

KMA TRADING LIMITED (REGISTERED NUMBER: 05672573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 83,925
Trade creditors 6,191 65,049
Taxation and social security 175,859 223,940
Other creditors 4,477 572,176
186,527 945,090

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 648,914

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - over 5 years - 313,215

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans - 732,839

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
51 Ordinary £1 51 100
(31.12.22 - 100
)

11. RESERVES

Included within retained earnings are distributable reserves of £8,806,142 (2022: £4,475,205).

On 5 May 2023 the company purchased 49 of its shares back at a total cost of £3,328,560 which reduced the distributable reserves in the year.

12. CONTINGENT ASSET

During the period the company lodged a retrospective claim with HMRC. At the period end date this claim had not been resolved and it did not meet the recognition criteria for an asset. Post- year end, this claim has been settled for the net amount of £45,014.

13. ULTIMATE CONTROLLING PARTY

On 5 May 2023 the company became a 100% subsidiary of KMA Properties Limited.