Silverfin false false 31/12/2023 01/01/2023 31/12/2023 P Burden 17/01/2011 R J Parker 01/05/2017 11 April 2024 The principal activity of the Company during the financial year was the provision of consultative temporary and permanent recruitment services. 07494362 2023-12-31 07494362 bus:Director1 2023-12-31 07494362 bus:Director2 2023-12-31 07494362 core:CurrentFinancialInstruments 2023-12-31 07494362 core:CurrentFinancialInstruments 2022-12-31 07494362 2022-12-31 07494362 core:ShareCapital 2023-12-31 07494362 core:ShareCapital 2022-12-31 07494362 core:RetainedEarningsAccumulatedLosses 2023-12-31 07494362 core:RetainedEarningsAccumulatedLosses 2022-12-31 07494362 2023-01-01 2023-12-31 07494362 bus:FilletedAccounts 2023-01-01 2023-12-31 07494362 bus:SmallEntities 2023-01-01 2023-12-31 07494362 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07494362 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07494362 bus:Director1 2023-01-01 2023-12-31 07494362 bus:Director2 2023-01-01 2023-12-31 07494362 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Company No: 07494362 (England and Wales)

KDC RESOURCE LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

KDC RESOURCE LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

KDC RESOURCE LIMITED

BALANCE SHEET

As at 31 December 2023
KDC RESOURCE LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
2023 2022
£ £
Current assets
Debtors 3 255,524 243,728
Cash at bank and in hand 33,858 41,383
289,382 285,111
Creditors: amounts falling due within one year 4 ( 195,730) ( 100,656)
Net current assets 93,652 184,455
Total assets less current liabilities 93,652 184,455
Net assets 93,652 184,455
Capital and reserves
Called-up share capital 1 1
Profit and loss account 93,651 184,454
Total shareholder's funds 93,652 184,455

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of KDC Resource Limited (registered number: 07494362) were approved and authorised for issue by the Board of Directors on 11 April 2024. They were signed on its behalf by:

P Burden
Director
KDC RESOURCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
KDC RESOURCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

KDC Resource Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Building 307 Aviation Park West, Bournemouth Airport, Christchurch, BH23 6NW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 12 9

3. Debtors

2023 2022
£ £
Trade debtors 237,542 225,225
Other debtors 17,982 18,503
255,524 243,728

4. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 57,742 61,844
Amounts owed to Group undertakings 83,343 3,285
Other taxation and social security 40,540 24,879
Other creditors 14,105 10,648
195,730 100,656

5. Ultimate controlling party

Parent Company:

KDC Resource Group Ltd