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REGISTERED NUMBER: 02950060 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

KGD Process International Limited

KGD Process International Limited (Registered number: 02950060)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


KGD Process International Limited

Company Information
for the year ended 31 March 2024







Director: E A Pitt



Secretary: B Khumalo



Registered office: KGD Factory
Netherwood Road
Rotherwas Industrial Estate
Hereford
HR2 6JU



Registered number: 02950060 (England and Wales)



Senior statutory auditor: Russell John Spencer (FCCA)



Auditors: Acre Accountancy Limited
Statutory Auditor
Certified Accountants
Unit 2 Foley Works
Foley Industrial Estate
Hereford
Herefordshire
HR1 2SF

KGD Process International Limited (Registered number: 02950060)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

-

CAPITAL AND RESERVES
Called up share capital 4 51 51
Share premium 39,980 39,980
Capital redemption reserve 48 48
Retained earnings (40,079 ) (40,079 )
SHAREHOLDERS' FUNDS - -

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 director and authorised for issue on 3 October 2024 and were signed by:





E A Pitt - Director


KGD Process International Limited (Registered number: 02950060)

Notes to the Financial Statements
for the year ended 31 March 2024


1. STATUTORY INFORMATION

KGD Process International 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.

Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical Judgements
The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Bad debt Provision
Due to the nature and environment in which the company operates, an assumption has been made that all trade debtor balances are deemed irrecoverable and have therefore been provided for. The recoverability of debtor balances are deemed by management and are reviewed on a regular basis.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments issues' of FRS102 to all its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the new amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 statement of financial position date.


KGD Process International Limited (Registered number: 02950060)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
51 Ordinary £1 51 51

5. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Russell John Spencer (FCCA) (Senior Statutory Auditor)
for and on behalf of Acre Accountancy Limited

6. ULTIMATE CONTROLLING PARTY

Monnow Valley Holdings Limited is the ultimate parent company, being the sole shareholder of K.G.D Enterprises Limited which in turn holds all of the shares of KGD Process International Limited. In the opinion of the directors, Monnow Valley Holdings Limited is the ultimate controlling party.