Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Robert Ayre 05/12/2017 Daniel Hales 06/12/2017 24 September 2024 The principal activity of the company in the year under review was that of the servicing of overhead lines. 11098023 2023-12-31 11098023 bus:Director1 2023-12-31 11098023 bus:Director2 2023-12-31 11098023 2022-12-31 11098023 core:CurrentFinancialInstruments 2023-12-31 11098023 core:CurrentFinancialInstruments 2022-12-31 11098023 core:Non-currentFinancialInstruments 2023-12-31 11098023 core:Non-currentFinancialInstruments 2022-12-31 11098023 core:ShareCapital 2023-12-31 11098023 core:ShareCapital 2022-12-31 11098023 core:RetainedEarningsAccumulatedLosses 2023-12-31 11098023 core:RetainedEarningsAccumulatedLosses 2022-12-31 11098023 core:OtherPropertyPlantEquipment 2022-12-31 11098023 core:OtherPropertyPlantEquipment 2023-12-31 11098023 2021-12-31 11098023 bus:OrdinaryShareClass1 2023-12-31 11098023 bus:OrdinaryShareClass2 2023-12-31 11098023 2023-01-01 2023-12-31 11098023 bus:FilletedAccounts 2023-01-01 2023-12-31 11098023 bus:SmallEntities 2023-01-01 2023-12-31 11098023 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11098023 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11098023 bus:Director1 2023-01-01 2023-12-31 11098023 bus:Director2 2023-01-01 2023-12-31 11098023 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-01-01 2023-12-31 11098023 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 11098023 2022-01-01 2022-12-31 11098023 core:Non-currentFinancialInstruments 2023-01-01 2023-12-31 11098023 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 11098023 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 11098023 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 11098023 bus:OrdinaryShareClass2 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11098023 (England and Wales)

KDR POWERLINES LIMITED

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

KDR POWERLINES LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

KDR POWERLINES LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
KDR POWERLINES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS Robert Ayre
Daniel Hales
REGISTERED OFFICE 24 Beaconsfield Drive Coddington
Newark
NG24 2RX
England
United Kingdom
COMPANY NUMBER 11098023 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
KDR POWERLINES LIMITED

BALANCE SHEET

As at 31 December 2023
KDR POWERLINES LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 308,719 301,634
308,719 301,634
Current assets
Debtors 4 143,029 115,733
Cash at bank and in hand 96,391 136,550
239,420 252,283
Creditors: amounts falling due within one year 5 ( 210,750) ( 143,388)
Net current assets 28,670 108,895
Total assets less current liabilities 337,389 410,529
Creditors: amounts falling due after more than one year 6 ( 160,184) ( 183,938)
Provision for liabilities 7, 8 ( 77,180) ( 57,311)
Net assets 100,025 169,280
Capital and reserves
Called-up share capital 9 2,000 2,000
Profit and loss account 98,025 167,280
Total shareholders' funds 100,025 169,280

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 KDR Powerlines Limited (registered number: 11098023) were approved and authorised for issue by the Board of Directors on 24 September 2024. They were signed on its behalf by:

Daniel Hales
Director
KDR POWERLINES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
KDR POWERLINES 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

KDR Powerlines 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 24 Beaconsfield Drive Coddington, Newark, NG24 2RX, England, 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line
25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 11 8

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2023 439,297 439,297
Additions 103,089 103,089
Disposals ( 2,750) ( 2,750)
At 31 December 2023 539,636 539,636
Accumulated depreciation
At 01 January 2023 137,663 137,663
Charge for the financial year 96,004 96,004
Disposals ( 2,750) ( 2,750)
At 31 December 2023 230,917 230,917
Net book value
At 31 December 2023 308,719 308,719
At 31 December 2022 301,634 301,634
Leased assets included above:
Net book value
At 31 December 2023 248,670 248,670
At 31 December 2022 254,871 254,871

4. Debtors

2023 2022
£ £
Trade debtors 86,956 43,190
Other debtors 56,073 72,543
143,029 115,733

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,296 10,648
Trade creditors 32,980 1,529
Taxation and social security 15,007 2,350
Obligations under finance leases and hire purchase contracts 78,474 53,012
Other creditors 73,993 75,849
210,750 143,388

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 15,487 25,004
Obligations under finance leases and hire purchase contracts 144,697 158,934
160,184 183,938

There are no amounts included above in respect of which any security has been given by the small entity.

7. Provision for liabilities

2023 2022
£ £
Deferred tax 77,180 57,311

8. Deferred tax

2023 2022
£ £
At the beginning of financial year ( 57,311) ( 10,062)
Charged to the Statement of Income and Retained Earnings ( 19,869) ( 47,249)
At the end of financial year ( 77,180) ( 57,311)

9. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000
1,000 Ordinary B shares of £ 1.00 each 1,000 1,000
2,000 2,000