Registered number
02134410
KDM Communications Limited
Report and Accounts
31 March 2024
KDM Communications Limited
Registered number: 02134410
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 33,355 41,895
Current assets
Debtors 4 380,845 445,000
Cash at bank and in hand 279,652 256,184
660,497 701,184
Creditors: amounts falling due within one year 5 (562,173) (486,771)
Net current assets 98,324 214,413
Net assets 131,679 256,308
Capital and reserves
Called up share capital 1,200 1,200
Profit and loss account 130,479 255,108
Shareholders' funds 131,679 256,308
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Sedgwick
Director
Approved by the board on 4 November 2024
KDM Communications Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 25% reducing balance
Furniture 25% reducing balance
Camera Equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 23 24
3 Tangible fixed assets
Computer equipment Furniture Camera equipment Total
£ £ £ £
Cost
At 1 April 2023 59,801 25,573 23,426 108,800
Additions 2,089 - 344 2,433
At 31 March 2024 61,890 25,573 23,770 111,233
Depreciation
At 1 April 2023 34,418 16,460 16,027 66,905
Charge for the year 6,760 2,280 1,933 10,973
At 31 March 2024 41,178 18,740 17,960 77,878
Net book value
At 31 March 2024 20,712 6,833 5,810 33,355
At 31 March 2023 25,383 9,113 7,399 41,895
4 Debtors 2024 2023
£ £
Trade debtors 367,958 396,301
Other debtors and prepayments 12,887 48,699
380,845 445,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 117,049 120,895
Taxation and social security costs 105,978 176,702
Other creditors 339,146 189,174
562,173 486,771
6 Controlling party
The company is controlled by its directors as listed in the Directors' report.
7 Other information
KDM Communications Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 2 Peppercorn House
8 Huntingdon Street
St Neots
Cambridgeshire
PE19 1BH
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