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COMPANY REGISTRATION NUMBER: 09458820
KDT SERVICES LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
29 February 2024
KDT SERVICES LTD
STATEMENT OF FINANCIAL POSITION
29 February 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
108,799
103,617
CURRENT ASSETS
Debtors
6
212,817
211,604
Cash at bank and in hand
6,413
839
---------
---------
219,230
212,443
CREDITORS: amounts falling due within one year
7
36,010
53,902
---------
---------
NET CURRENT ASSETS
183,220
158,541
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
292,019
262,158
CREDITORS: amounts falling due after more than one year
8
8,817
13,417
PROVISIONS
Taxation including deferred tax
23,885
19,111
---------
---------
NET ASSETS
259,317
229,630
---------
---------
CAPITAL AND RESERVES
Called up share capital
9
2
2
Profit and loss account
259,315
229,628
---------
---------
SHAREHOLDERS FUNDS
259,317
229,630
---------
---------
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 29 February 2024 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 .
KDT SERVICES LTD
STATEMENT OF FINANCIAL POSITION (continued)
29 February 2024
These financial statements were approved by the board of directors and authorised for issue on 21 November 2024 , and are signed on behalf of the board by:
Mrs H L Davies
Director
Company registration number: 09458820
KDT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
Year ended 29 February 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Dale House, Newport Road, Hinstock, Market Drayton, TF9 2TH.
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. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Revenue recognition
Turnover represents hire charges relating to the year recognised as they accrue over the period of the hire.
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. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
Plant and machinery
-
20% reducing balance
Motor vehicles
-
20% reducing balance
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contractual arrangement that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. TANGIBLE ASSETS
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 March 2023
60,000
189,850
249,850
Additions
49,500
49,500
Disposals
( 52,250)
( 52,250)
--------
---------
---------
At 29 February 2024
60,000
187,100
247,100
--------
---------
---------
Depreciation
At 1 March 2023
40,339
105,894
146,233
Charge for the year
3,932
23,265
27,197
Disposals
( 35,129)
( 35,129)
--------
---------
---------
At 29 February 2024
44,271
94,030
138,301
--------
---------
---------
Carrying amount
At 29 February 2024
15,729
93,070
108,799
--------
---------
---------
At 28 February 2023
19,661
83,956
103,617
--------
---------
---------
6. DEBTORS
2024
2023
£
£
Trade debtors
212,817
211,604
---------
---------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
4,600
4,600
Trade creditors
2,381
6,186
Corporation tax
17,252
26,791
Social security and other taxes
1,361
5,984
Other creditors
10,416
10,341
--------
--------
36,010
53,902
--------
--------
8. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
8,817
13,417
-------
--------
9. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
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