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REGISTERED NUMBER: 04476623 (England and Wales)















KMS LITHO LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






KMS LITHO LTD (REGISTERED NUMBER: 04476623)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


KMS LITHO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: K H Willis
M J Willis





REGISTERED OFFICE: KMS Litho Ltd
Railway Bridge House
Station Road
Hook Norton
Oxfordshire
OX15 5LS





REGISTERED NUMBER: 04476623 (England and Wales)





ACCOUNTANTS: William Hinton Limited
Chartered Accountants
Ross House
The Square
Stow On The Wold
Gloucestershire
GL54 1AF

KMS LITHO LTD (REGISTERED NUMBER: 04476623)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 54,975 74,611
54,975 74,611

CURRENT ASSETS
Stocks 58,022 55,652
Debtors 6 49,973 80,367
Cash at bank and in hand 32,695 61,229
140,690 197,248
CREDITORS
Amounts falling due within one year 7 124,127 133,856
NET CURRENT ASSETS 16,563 63,392
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,538

138,003

CREDITORS
Amounts falling due after more than one
year

8

(56,622

)

(97,654

)

PROVISIONS FOR LIABILITIES (9,331 ) (16,864 )
NET ASSETS 5,585 23,485

CAPITAL AND RESERVES
Called up share capital 4,002 4,002
Retained earnings 1,583 19,483
5,585 23,485

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

KMS LITHO LTD (REGISTERED NUMBER: 04476623)

BALANCE SHEET - continued
31 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 Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:





M J Willis - Director


KMS LITHO LTD (REGISTERED NUMBER: 04476623)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

KMS Litho 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.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33% on cost and 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.


KMS LITHO LTD (REGISTERED NUMBER: 04476623)

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 13 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 70,000
AMORTISATION
At 1 April 2023
and 31 March 2024 70,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

KMS LITHO LTD (REGISTERED NUMBER: 04476623)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 889,500
DEPRECIATION
At 1 April 2023 814,889
Charge for year 19,636
At 31 March 2024 834,525
NET BOOK VALUE
At 31 March 2024 54,975
At 31 March 2023 74,611

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 45,165 75,022
Other debtors 4,808 5,345
49,973 80,367

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 31,725 33,966
Hire purchase contracts 11,880 10,991
Trade creditors 59,042 66,801
Taxation and social security 15,547 9,760
Other creditors 5,933 12,338
124,127 133,856

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 41,642 70,794
Hire purchase contracts 14,980 26,860
56,622 97,654

KMS LITHO LTD (REGISTERED NUMBER: 04476623)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. RELATED PARTY DISCLOSURES

At the balance sheet date £0 (2023: £6,960) was owed by KMS Litho Limited to KMS Partnership, an organisation of which Mr M J Willis and Mr K Willis are partners. This balance is included within other creditors.

At the balance sheet date £2,744 (2023: £16,581) was owed by Postal Advertisers Limited, a company of which Mr M J Willis is both a director and shareholder and is included within trade debtors. In addition, £352 (2023: £327) was owed to Postal Advertisers Limited and is included within trade creditors.