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REGISTERED NUMBER: 04628090 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

KDI MOTORS LIMITED

KDI MOTORS LIMITED (REGISTERED NUMBER: 04628090)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KDI MOTORS LIMITED

Company Information
for the Year Ended 31st March 2024







DIRECTOR: Mr K J Iddon





REGISTERED OFFICE: Hoole Service Centre
2a Carver Hey Farm
Moss Lane
Little Hoole, Preston
PR4 4SX





REGISTERED NUMBER: 04628090 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

KDI MOTORS LIMITED (REGISTERED NUMBER: 04628090)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,665 2,220

CURRENT ASSETS
Stocks 5 7,933 7,891
Debtors 6 58,927 83,127
Cash at bank - 2,135
66,860 93,153
CREDITORS
Amounts falling due within one year 7 61,851 83,503
NET CURRENT ASSETS 5,009 9,650
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,674

11,870

CREDITORS
Amounts falling due after more than one
year

8

(6,116

)

(11,218

)

PROVISIONS FOR LIABILITIES (316 ) (422 )
NET ASSETS 242 230

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 240 228
SHAREHOLDERS' FUNDS 242 230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KDI MOTORS LIMITED (REGISTERED NUMBER: 04628090)

Balance Sheet - continued
31st March 2024


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 29th May 2024 and were signed by:





Mr K J Iddon - Director


KDI MOTORS LIMITED (REGISTERED NUMBER: 04628090)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

KDI Motors 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.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts received for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

KDI MOTORS LIMITED (REGISTERED NUMBER: 04628090)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

2. ACCOUNTING POLICIES - continued

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st April 2023
and 31st March 2024 23,539 708 24,247
DEPRECIATION
At 1st April 2023 21,319 708 22,027
Charge for year 555 - 555
At 31st March 2024 21,874 708 22,582
NET BOOK VALUE
At 31st March 2024 1,665 - 1,665
At 31st March 2023 2,220 - 2,220

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 6,249 6,249
Work-in-progress 1,684 1,642
7,933 7,891

KDI MOTORS LIMITED (REGISTERED NUMBER: 04628090)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 205 45
Other debtors 14,692 20,060
Directors' current accounts 44,009 62,773
Prepayments 21 249
58,927 83,127

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 9) 16,313 17,190
Trade creditors 15,932 23,561
Tax 8,320 7,721
Social security and other taxes 10,667 19,164
Other creditors 8,324 13,692
Accrued expenses 2,295 2,175
61,851 83,503

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 9) 6,116 11,218

9. LOANS

The bank loan is a "Bounce Back" loan.

10. RELATED PARTY DISCLOSURES

As at 31 March 2024, the Director owed £44,009 (2022 £62,773) to the company. No interest has been charged on this balance.

11. ULTIMATE CONTROLLING PARTY

During the accounting period, the company has been controlled by Mr K Iddon, the director,by virtue of his holding 100% of the issued ordinary share capital.