Registered number
11230108
K & D Investment Ltd
Filleted Accounts
28 February 2024
K & D Investment Ltd
Registered number: 11230108
Balance Sheet
as at 28 February 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 136,500 146,250
Tangible assets 4 554,216 488,421
690,716 634,671
Current assets
Stocks 40,630 29,652
Debtors 5 339,646 346,605
Cash at bank and in hand 6,814 10,207
387,090 386,464
Creditors: amounts falling due within one year 6 (419,221) (395,957)
Net current liabilities (32,131) (9,493)
Total assets less current liabilities 658,585 625,178
Creditors: amounts falling due after more than one year 7 (525,232) (496,997)
Net assets 133,353 128,181
Capital and reserves
Called up share capital 100 100
Profit and loss account 133,253 128,081
Shareholders' funds 133,353 128,181
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.
Kawaljit Singh
Director
Approved by the board on 15 November 2024
K & D Investment Ltd
Notes to the Accounts
for the year ended 28 February 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings over 50 years
Plant and machinery 20% reducing balance
Vehicles 18% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
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 10 16
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2023 195,000
At 28 February 2024 195,000
Amortisation
At 1 March 2023 48,750
Provided during the year 9,750
At 28 February 2024 58,500
Net book value
At 28 February 2024 136,500
At 28 February 2023 146,250
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 March 2023 466,727 20,500 16,299 503,526
Additions - - 85,000 85,000
At 28 February 2024 466,727 20,500 101,299 588,526
Depreciation
At 1 March 2023 - 7,793 7,312 15,105
Charge for the year - 2,287 16,918 19,205
At 28 February 2024 - 10,080 24,230 34,310
Net book value
At 28 February 2024 466,727 10,420 77,069 554,216
At 28 February 2023 466,727 12,707 8,987 488,421
5 Debtors 2024 2023
£ £
Trade debtors 240 5,000
Amounts owed by group undertakings and undertakings in which the company has a participating interest 338,640 341,605
Other debtors 766 -
339,646 346,605
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 48,951 48,951
Obligations under finance lease and hire purchase contracts 23,779 3,566
Trade creditors 36,783 3,036
Taxation and social security costs 12,515 42,466
Other creditors 297,193 297,938
419,221 395,957
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 270,506 305,442
Obligations under finance lease and hire purchase contracts 34,329 3,699
Amounts owed to group undertakings and undertakings in which the company has a participating interest 109,121 107,121
Other creditors 111,276 80,735
525,232 496,997
8 Other information
K & D Investment Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 4, Peter James 
Business Centre Pump lane
Hayes
England
UB3 3NT
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