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COMPANY REGISTRATION NUMBER: 06329593
K. D. COMMUNICATIONS LIMITED
Filleted Unaudited Financial Statements
31 July 2023
K. D. COMMUNICATIONS LIMITED
Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
1,295,145
1,391,697
Current assets
Debtors
6
22,938
4,579
Cash at bank and in hand
222,625
95,440
---------
---------
245,563
100,019
Creditors: amounts falling due within one year
7
1,447,928
1,406,833
------------
------------
Net current liabilities
1,202,365
1,306,814
------------
------------
Total assets less current liabilities
92,780
84,883
Creditors: amounts falling due after more than one year
8
7,000
10,527
--------
--------
Net assets
85,780
74,356
--------
--------
Capital and reserves
Called up share capital
40
40
Profit and loss account
85,740
74,316
--------
--------
Shareholders funds
85,780
74,356
--------
--------
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.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
K. D. COMMUNICATIONS LIMITED
Statement of Financial Position (continued)
31 July 2023
These financial statements were approved by the board of directors and authorised for issue on 1 November 2024 , and are signed on behalf of the board by:
M Wiesenfeld
Director
Company registration number: 06329593
K. D. COMMUNICATIONS LIMITED
Notes to the Financial Statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW110DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents rental income received during the year.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, 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.
Tangible assets
All fixed assets are initially recorded at cost. The director believes that the current marketvalue of the freehold properties are similar to their cost as shown on the face of the Balance Sheet.
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:
Fixtures and fittings
-
20% reducing balance
Office equipment
-
20% reducing balance
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Land and buildings
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 August 2022
1,388,102
2,453
3,826
1,394,381
Additions
550
550
Disposals
( 96,319)
( 96,319)
------------
-------
-------
------------
At 31 July 2023
1,291,783
2,453
4,376
1,298,612
------------
-------
-------
------------
Depreciation
At 1 August 2022
2,124
560
2,684
Charge for the year
66
717
783
------------
-------
-------
------------
At 31 July 2023
2,190
1,277
3,467
------------
-------
-------
------------
Carrying amount
At 31 July 2023
1,291,783
263
3,099
1,295,145
------------
-------
-------
------------
At 31 July 2022
1,388,102
329
3,266
1,391,697
------------
-------
-------
------------
The company's investment properties were revalued by the director at open market value.
6. Debtors
2023
2022
£
£
Other debtors
22,938
4,579
--------
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
3,499
3,472
Other creditors
1,444,429
1,403,361
------------
------------
1,447,928
1,406,833
------------
------------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
7,000
10,527
-------
--------
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
M Wiesenfeld
( 58,624)
8,233
( 50,391)
--------
-------
--------
2022
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
M Wiesenfeld
( 94,166)
35,542
( 58,624)
--------
--------
--------