Silverfin false false 31/12/2023 01/01/2023 31/12/2023 A Barnett 21/12/2016 P Burden 14/08/2013 R J Parker 21/12/2016 C J Stewart 22/05/2024 21/12/2016 24 September 2024 The principal activity of the Company during the financial year was computer facilities management activities. 08650965 2023-12-31 08650965 bus:Director1 2023-12-31 08650965 bus:Director2 2023-12-31 08650965 bus:Director3 2023-12-31 08650965 bus:Director4 2023-12-31 08650965 2022-12-31 08650965 core:CurrentFinancialInstruments 2023-12-31 08650965 core:CurrentFinancialInstruments 2022-12-31 08650965 core:ShareCapital 2023-12-31 08650965 core:ShareCapital 2022-12-31 08650965 core:RetainedEarningsAccumulatedLosses 2023-12-31 08650965 core:RetainedEarningsAccumulatedLosses 2022-12-31 08650965 core:OtherResidualIntangibleAssets 2022-12-31 08650965 core:OtherResidualIntangibleAssets 2023-12-31 08650965 core:OtherPropertyPlantEquipment 2022-12-31 08650965 core:OtherPropertyPlantEquipment 2023-12-31 08650965 2023-01-01 2023-12-31 08650965 bus:FilletedAccounts 2023-01-01 2023-12-31 08650965 bus:SmallEntities 2023-01-01 2023-12-31 08650965 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08650965 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08650965 bus:Director1 2023-01-01 2023-12-31 08650965 bus:Director2 2023-01-01 2023-12-31 08650965 bus:Director3 2023-01-01 2023-12-31 08650965 bus:Director4 2023-01-01 2023-12-31 08650965 1 2023-01-01 2023-12-31 08650965 core:OtherResidualIntangibleAssets core:TopRangeValue 2023-01-01 2023-12-31 08650965 core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 08650965 core:OtherPropertyPlantEquipment core:BottomRangeValue 2023-01-01 2023-12-31 08650965 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-01-01 2023-12-31 08650965 2022-01-01 2022-12-31 08650965 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 08650965 (England and Wales)

KDC GROUP SERVICES LIMITED
(Formerly KDC Technology Ltd)

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

KDC GROUP SERVICES LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

KDC GROUP SERVICES LIMITED

BALANCE SHEET

As at 31 December 2023
KDC GROUP SERVICES LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 43,645 40,150
Tangible assets 4 68,276 51,686
111,921 91,836
Current assets
Debtors 5 47,501 55,485
Cash at bank and in hand 36,641 47,891
84,142 103,376
Creditors: amounts falling due within one year 6 ( 12,618) ( 27,635)
Net current assets 71,524 75,741
Total assets less current liabilities 183,445 167,577
Provision for liabilities ( 22,793) ( 13,284)
Net assets 160,652 154,293
Capital and reserves
Called-up share capital 1 1
Profit and loss account 160,651 154,292
Total shareholder's funds 160,652 154,293

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 Group Services Limited (registered number: 08650965) were approved and authorised for issue by the Board of Directors on 24 September 2024. They were signed on its behalf by:

P Burden
Director
KDC GROUP SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
KDC GROUP SERVICES 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 Group Services 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.

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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 5 years straight line
Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

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, reducing balance] basis over its expected useful life, as follows:

Plant and machinery etc. 2 - 6.67 years straight line

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.

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.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 January 2023 209,835 209,835
Additions 22,289 22,289
Disposals ( 1,896) ( 1,896)
At 31 December 2023 230,228 230,228
Accumulated amortisation
At 01 January 2023 169,685 169,685
Charge for the financial year 18,794 18,794
Disposals ( 1,896) ( 1,896)
At 31 December 2023 186,583 186,583
Net book value
At 31 December 2023 43,645 43,645
At 31 December 2022 40,150 40,150

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2023 354,097 354,097
Additions 60,346 60,346
Disposals ( 39,869) ( 39,869)
At 31 December 2023 374,574 374,574
Accumulated depreciation
At 01 January 2023 302,411 302,411
Charge for the financial year 42,756 42,756
Disposals ( 38,869) ( 38,869)
At 31 December 2023 306,298 306,298
Net book value
At 31 December 2023 68,276 68,276
At 31 December 2022 51,686 51,686

5. Debtors

2023 2022
£ £
Trade debtors 2,326 2,864
Amounts owed by Group undertakings 13,615 11,963
Other debtors 31,560 40,658
47,501 55,485

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 9,524 18,524
Other creditors 3,094 9,111
12,618 27,635

7. Ultimate controlling party

Parent Company:

Kiwi Holdings Ltd