IRIS Accounts Production v24.1.0.578 08488646 director 1.4.23 31.3.24 31.3.24 false true false false true false ORDINARY CLASS A 1.00000 ORDINARY CLASS B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084886462023-03-31084886462024-03-31084886462023-04-012024-03-31084886462022-03-31084886462022-04-012023-03-31084886462023-03-3108488646ns15:EnglandWales2023-04-012024-03-3108488646ns14:PoundSterling2023-04-012024-03-3108488646ns10:Director12023-04-012024-03-3108488646ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108488646ns10:SmallEntities2023-04-012024-03-3108488646ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108488646ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108488646ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108488646ns10:FullAccounts2023-04-012024-03-3108488646ns10:OrdinaryShareClass12023-04-012024-03-3108488646ns10:OrdinaryShareClass22023-04-012024-03-3108488646ns10:RegisteredOffice2023-04-012024-03-3108488646ns5:CurrentFinancialInstruments2024-03-3108488646ns5:CurrentFinancialInstruments2023-03-3108488646ns5:ShareCapital2024-03-3108488646ns5:ShareCapital2023-03-3108488646ns5:CapitalRedemptionReserve2024-03-3108488646ns5:CapitalRedemptionReserve2023-03-3108488646ns5:RetainedEarningsAccumulatedLosses2024-03-3108488646ns5:RetainedEarningsAccumulatedLosses2023-03-3108488646ns5:ComputerEquipment2023-03-3108488646ns5:ComputerEquipment2023-04-012024-03-3108488646ns5:ComputerEquipment2024-03-3108488646ns5:ComputerEquipment2023-03-3108488646ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108488646ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108488646ns10:OrdinaryShareClass12024-03-3108488646ns10:OrdinaryShareClass22024-03-31084886461ns10:Director12023-03-31084886461ns10:Director12022-03-31084886461ns10:Director12023-04-012024-03-31084886461ns10:Director12022-04-012023-03-31084886461ns10:Director12024-03-31084886461ns10:Director12023-03-31
REGISTERED NUMBER: 08488646 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

KYMD CONSULTING LIMITED

KYMD CONSULTING LIMITED (REGISTERED NUMBER: 08488646)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


KYMD CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr K Mistry





REGISTERED OFFICE: Newhaven
79 Locks Ride
Ascot
Berkshire
SL5 8QZ





REGISTERED NUMBER: 08488646 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Chartered Accountants & Tax Advisers
Unit 2.02 High Weald House
Glovers End, Bexhill,
East Sussex,
United Kingdom
TN39 5ES

KYMD CONSULTING LIMITED (REGISTERED NUMBER: 08488646)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,185 2,535
Investments 5 - 531,936
2,185 534,471

CURRENT ASSETS
Debtors 6 14,307 28,200
Cash at bank and in hand 345,353 216,620
359,660 244,820
CREDITORS
Amounts falling due within one year 7 73,092 61,260
NET CURRENT ASSETS 286,568 183,560
TOTAL ASSETS LESS CURRENT
LIABILITIES

288,753

718,031

CAPITAL AND RESERVES
Called up share capital 8 100 100
Special reserve - 524,766
Retained earnings 288,653 193,165
SHAREHOLDERS' FUNDS 288,753 718,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

KYMD CONSULTING LIMITED (REGISTERED NUMBER: 08488646)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2024 and were signed by:





Mr K Mistry - Director


KYMD CONSULTING LIMITED (REGISTERED NUMBER: 08488646)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

KYMD Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

ACCOUNTING ESTIMATES AND JUDGEMENTS
In preparing the financial statements, management were not required to make any estimates or judgements which may materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and liabilities.

DIVIDENDS
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.Dividends on shares recognised as liabilities are recognised as expenses and classified within interest

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 25% on cost

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the financial positionstatement of financial position date.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

DEBTORS
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

KYMD CONSULTING LIMITED (REGISTERED NUMBER: 08488646)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

CASH AND CASH EQUIVALENTS
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

CREDITORS
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are
measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1 April 2023
and 31 March 2024 5,179
Depreciation
At 1 April 2023 2,644
Charge for year 350
At 31 March 2024 2,994
Net book value
At 31 March 2024 2,185
At 31 March 2023 2,535

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.3.24 31.3.23
£    £   
Investments - KYMD Dev LLP 524,766 531,936
Investment - Disposal (524,766 ) -
- 531,936

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,560 28,200
Other debtors 12,747 -
14,307 28,200

KYMD CONSULTING LIMITED (REGISTERED NUMBER: 08488646)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 15,725
Taxation and social security 71,576 42,390
Other creditors 1,516 3,145
73,092 61,260

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
50 ORDINARY CLASS A 1 50 50
50 ORDINARY CLASS B 1 50 50
100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr K Mistry
Balance outstanding at start of year (2,388 ) (1,198 )
Amounts advanced 33,170 -
Amounts repaid (18,034 ) (1,190 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,748 (2,388 )

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr K Mistry.