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Registration number: 11404525

KDS Mechanical Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2024

 

KDS Mechanical Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

KDS Mechanical Ltd

(Registration number: 11404525)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

23,540

30,215

Current assets

 

Debtors

5

1,909

704

Cash at bank and in hand

 

8,435

8,466

 

10,344

9,170

Creditors: Amounts falling due within one year

6

(13,116)

(10,939)

Net current liabilities

 

(2,772)

(1,769)

Total assets less current liabilities

 

20,768

28,446

Creditors: Amounts falling due after more than one year

6

(13,889)

(16,667)

Provisions for liabilities

(3,983)

(5,251)

Net assets

 

2,896

6,528

Capital and reserves

 

Called up share capital

10

10

Retained earnings

2,886

6,518

Shareholders' funds

 

2,896

6,528

 

KDS Mechanical Ltd

(Registration number: 11404525)
Balance Sheet as at 30 June 2024

For the financial year ending 30 June 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 November 2024 and signed on its behalf by:
 

.........................................
Mr L Kirkham
Company secretary and director

 

KDS Mechanical Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Drayton Beaumont Building
Merrial Street
Newcastle-Under-Lyme
Staffordshire
ST5 2AE
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

KDS Mechanical Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

33.33% straight line

Plant and equipment

20% reducing balance

Motor vehicles

25% reducing balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 2).

 

KDS Mechanical Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 July 2023

2,575

5,095

41,671

1,279

50,620

Additions

-

934

-

-

934

Disposals

-

(3,320)

-

-

(3,320)

At 30 June 2024

2,575

2,709

41,671

1,279

48,234

Depreciation

At 1 July 2023

-

4,424

15,446

535

20,405

Charge for the year

-

904

6,556

149

7,609

Eliminated on disposal

-

(3,320)

-

-

(3,320)

At 30 June 2024

-

2,008

22,002

684

24,694

Carrying amount

At 30 June 2024

2,575

701

19,669

595

23,540

At 30 June 2023

2,575

671

26,225

744

30,215

 

KDS Mechanical Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Debtors

Current

2024
£

2023
£

Other debtors

1,909

704

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other borrowings

2,778

2,778

Trade creditors

910

67

Taxation and social security

3,583

3,009

Other creditors

5,845

5,085

13,116

10,939

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other borrowings

13,889

16,667