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REGISTERED NUMBER: 01849846 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

KOMBIMATEC MACHINES LTD

KOMBIMATEC MACHINES LTD (REGISTERED NUMBER: 01849846)

Contents of the Financial Statements
for the year ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KOMBIMATEC MACHINES LTD

Company Information
for the year ended 30 September 2023







Directors: D R Parsons
A R Jones
S V Mackey





Secretary: D R Parsons





Registered office: Unit 6a Commerce Way, Leighton Buzzard
Bedfordshire
LU7 4RW





Registered number: 01849846 (England and Wales)





Accountants: Duncan & Toplis Limited
3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ

KOMBIMATEC MACHINES LTD (REGISTERED NUMBER: 01849846)

Balance Sheet
30 September 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 10,179 15,489

Current assets
Stocks 277,946 234,000
Debtors 5 88,476 153,107
Cash at bank and in hand 349,689 336,118
716,111 723,225
Creditors
Amounts falling due within one year 6 385,372 362,400
Net current assets 330,739 360,825
Total assets less current liabilities 340,918 376,314

Provisions for liabilities 1,414 1,501
Net assets 339,504 374,813

Capital and reserves
Called up share capital 8 10,000 10,000
Retained earnings 329,504 364,813
Shareholders' funds 339,504 374,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

KOMBIMATEC MACHINES LTD (REGISTERED NUMBER: 01849846)

Balance Sheet - continued
30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:




D R Parsons - Director



S V Mackey - Director


KOMBIMATEC MACHINES LTD (REGISTERED NUMBER: 01849846)

Notes to the Financial Statements
for the year ended 30 September 2023


1. Statutory information

Kombimatec Machines Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - straight line over 3 years
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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

KOMBIMATEC MACHINES LTD (REGISTERED NUMBER: 01849846)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

KOMBIMATEC MACHINES LTD (REGISTERED NUMBER: 01849846)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


2. Accounting policies - continued

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 4 (2022 - 5 ) .

4. Tangible fixed assets
Fixtures
Improvements Plant and and Computer
to property machinery fittings equipment Totals
£ £ £ £ £
Cost
At 1 October 2022
and 30 September 2023 14,496 14,719 27,491 19,172 75,878
Depreciation
At 1 October 2022 805 14,630 26,108 18,846 60,389
Charge for year 4,833 22 346 109 5,310
At 30 September 2023 5,638 14,652 26,454 18,955 65,699
Net book value
At 30 September 2023 8,858 67 1,037 217 10,179
At 30 September 2022 13,691 89 1,383 326 15,489

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 51,768 117,394
Other debtors 36,708 35,713
88,476 153,107

6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 234,913 116,370
Taxation and social security 46,168 54,101
Other creditors 104,291 191,929
385,372 362,400

KOMBIMATEC MACHINES LTD (REGISTERED NUMBER: 01849846)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


7. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 49,920 49,920
Between one and five years 41,600 91,520
91,520 141,440

8. Called up share capital

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £ £
10,000 Share capital 1 1 10,000 10,000