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Registered number: 09433998
K D Group Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09433998
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 51,466 68,618
51,466 68,618
CURRENT ASSETS
Debtors 5 175,627 259,431
Cash at bank and in hand 20,330 12,414
195,957 271,845
Creditors: Amounts Falling Due Within One Year 6 (124,757 ) (114,543 )
NET CURRENT ASSETS (LIABILITIES) 71,200 157,302
TOTAL ASSETS LESS CURRENT LIABILITIES 122,666 225,920
Creditors: Amounts Falling Due After More Than One Year 7 (27,691 ) (41,858 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,101 ) (3,750 )
NET ASSETS 93,874 180,312
CAPITAL AND RESERVES
Called up share capital 200 200
Profit and Loss Account 93,674 180,112
SHAREHOLDERS' FUNDS 93,874 180,312
Page 1
Page 2
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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Karen Phillips
Director
12 November 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
K D Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09433998 . The registered office is Suite 106 Viney Court, Viney Street, Taunton, Somerset, TA1 3FB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
2024 2023
Average number of employees, including directors: 4 4
4 4
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 83,694 10,569 94,263
As at 31 March 2024 83,694 10,569 94,263
Depreciation
As at 1 April 2023 18,090 7,555 25,645
Provided during the period 16,401 751 17,152
As at 31 March 2024 34,491 8,306 42,797
Net Book Value
As at 31 March 2024 49,203 2,263 51,466
As at 1 April 2023 65,604 3,014 68,618
5. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 9,968 6,630
Prepayments and accrued income 1,558 3,919
Other debtors 6,273 6,270
Net wages 785 750
Directors' loan accounts 157,043 74,976
Amounts owed by group undertakings - 166,886
175,627 259,431
6. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Net obligations under finance lease and hire purchase contracts 4,166 3,713
Trade creditors 3,498 3,403
Bank loans and overdrafts 10,063 10,063
Corporation tax 7,421 23,205
Other taxes and social security 205 325
Credit card 34,709 17,684
Accruals and deferred income 2,563 2,563
Directors' loan accounts 53,587 53,587
Amounts owed to group undertakings 8,545 -
124,757 114,543
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Net obligations under finance lease and hire purchase contracts 16,090 20,255
Bank loans 11,601 21,603
27,691 41,858
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
as restated
£ £
Net obligations under finance lease and hire purchase contracts 20,256 23,968
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
as restated
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,166 3,713
Later than one year and not later than five years 16,090 20,255
20,256 23,968
20,256 23,968
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
as restated
£ £
Not later than one year 1,106 1,106
Later than one year and not later than five years 184 1,290
1,290 2,396
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Miss Karen Phillips 74,976 383,449 301,382 - 157,043
The above loan is unsecured and repayable on demand.  When overdrawn, interest is charged at the current HMRC rate.
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12. Related Party Transactions
The company maintained loan accounts with fellow group companies. The loans are interest free and repayable on demand. At the balance sheet date the net amount due by the company to group companies was £8,545 (2023: (£166,886)).
The company maintained a loan account with a director. The loan is interest free and repayable on demand. At the balance sheet date the amount due by the company was £53,587 (2023: £53,587).
13. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is K D Group Holdings Limited. K D Group Holdings Limited was incorporated in England and Wales.
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