2 01/04/2023 31/03/2024 2024-03-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-04-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 08461919 2023-04-01 2024-03-31 08461919 2024-03-31 08461919 2023-03-31 08461919 2022-04-01 2023-03-31 08461919 2023-03-31 08461919 2022-03-31 08461919 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 08461919 bus:RegisteredOffice 2023-04-01 2024-03-31 08461919 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 08461919 bus:Director1 2023-04-01 2024-03-31 08461919 bus:Director2 2023-04-01 2024-03-31 08461919 core:FurnitureFittingsToolsEquipment 2023-03-31 08461919 core:FurnitureFittingsToolsEquipment 2024-03-31 08461919 core:WithinOneYear 2024-03-31 08461919 core:WithinOneYear 2023-03-31 08461919 core:ShareCapital 2024-03-31 08461919 core:ShareCapital 2023-03-31 08461919 core:RetainedEarningsAccumulatedLosses 2024-03-31 08461919 core:RetainedEarningsAccumulatedLosses 2023-03-31 08461919 core:FurnitureFittingsToolsEquipment 2023-03-31 08461919 bus:Director1 2023-03-31 08461919 bus:Director1 2024-03-31 08461919 bus:Director1 2022-03-31 08461919 bus:Director1 2023-03-31 08461919 bus:Director1 2022-04-01 2023-03-31 08461919 bus:SmallEntities 2023-04-01 2024-03-31 08461919 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08461919 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08461919 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08461919 bus:FullAccounts 2023-04-01 2024-03-31
Company registration number: 08461919
KCDC Design Limited
Unaudited filleted financial statements
31 March 2024
KCDC Design Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
KCDC Design Limited
Directors and other information
Directors Mr D Child
Mrs K J Child
Company number 08461919
Registered office 299 Luton Road
Harpenden
AL5 3LW
Accountants Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
KCDC Design Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of KCDC Design Limited
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of KCDC Design Limited for the year ended 31 March 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of KCDC Design Limited, as a body, in accordance with the terms of our engagement letter dated 8 November 2023. Our work has been undertaken solely to prepare for your approval the financial statements of KCDC Design Limited and state those matters that we have agreed to state to the board of directors of KCDC Design Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KCDC Design Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that KCDC Design Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of KCDC Design Limited. You consider that KCDC Design Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of KCDC Design Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
23 October 2024
KCDC Design Limited
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 3,069 3,830
_______ _______
3,069 3,830
Current assets
Debtors 6 1,542 4,793
Cash at bank and in hand 16,072 10,563
_______ _______
17,614 15,356
Creditors: amounts falling due
within one year 7 ( 19,072) ( 18,380)
_______ _______
Net current liabilities ( 1,458) ( 3,024)
_______ _______
Total assets less current liabilities 1,611 806
Provisions for liabilities ( 650) ( 730)
_______ _______
Net assets 961 76
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 960 75
_______ _______
Shareholders funds 961 76
_______ _______
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 23 October 2024 , and are signed on behalf of the board by:
Mr D Child
Director
Company registration number: 08461919
KCDC Design Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 299 Luton Road, Harpenden, AL5 3LW.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of value added tax.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. 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. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised retrospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 April 2023 13,372 13,372
Additions 250 250
_______ _______
At 31 March 2024 13,622 13,622
_______ _______
Depreciation
At 1 April 2023 9,542 9,542
Charge for the year 1,011 1,011
_______ _______
At 31 March 2024 10,553 10,553
_______ _______
Carrying amount
At 31 March 2024 3,069 3,069
_______ _______
At 31 March 2023 3,830 3,830
_______ _______
6. Debtors
2024 2023
£ £
Other debtors 1,542 4,793
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 193 73
Corporation tax 14,211 12,505
Social security and other taxes 2,952 4,338
Other creditors 1,716 1,464
_______ _______
19,072 18,380
_______ _______
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr D Child 3,247 - ( 3,583) ( 336)
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr D Child ( 23) 3,270 - 3,247
_______ _______ _______ _______