KDML Consulting Limited 06582273 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is 82990 - Other business support service activities not elsewhere classified Digita Accounts Production Advanced 6.30.9574.0 true 06582273 2023-04-01 2024-03-31 06582273 2024-03-31 06582273 core:CurrentFinancialInstruments 2024-03-31 06582273 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06582273 core:Non-currentFinancialInstruments 2024-03-31 06582273 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 06582273 core:FurnitureFittingsToolsEquipment 2024-03-31 06582273 bus:SmallEntities 2023-04-01 2024-03-31 06582273 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06582273 bus:FilletedAccounts 2023-04-01 2024-03-31 06582273 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06582273 bus:RegisteredOffice 2023-04-01 2024-03-31 06582273 bus:Director1 2023-04-01 2024-03-31 06582273 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06582273 core:FurnitureFittings 2023-04-01 2024-03-31 06582273 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 06582273 core:OfficeEquipment 2023-04-01 2024-03-31 06582273 countries:EnglandWales 2023-04-01 2024-03-31 06582273 2023-03-31 06582273 core:FurnitureFittingsToolsEquipment 2023-03-31 06582273 2022-04-01 2023-03-31 06582273 2023-03-31 06582273 core:CurrentFinancialInstruments 2023-03-31 06582273 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06582273 core:Non-currentFinancialInstruments 2023-03-31 06582273 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 06582273 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 06582273

KDML Consulting Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

KDML Consulting Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

KDML Consulting Limited

Company Information

Director

Mr R J Hall

Registered office

23 Broadacres
Broad Town
Swindon
Wiltshire
SN4 7RP

Accountants

Regulatory Accounting Ltd
T/A Optimum Professional Services
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

 

KDML Consulting Limited

(Registration number: 06582273)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

372

1,187

Current assets

 

Debtors

5

67,909

97,595

Cash at bank and in hand

 

32,502

107,715

 

100,411

205,310

Creditors: Amounts falling due within one year

6

(91,684)

(118,656)

Net current assets

 

8,727

86,654

Total assets less current liabilities

 

9,099

87,841

Creditors: Amounts falling due after more than one year

6

(31,615)

(83,825)

Provisions for liabilities

-

(250)

Net (liabilities)/assets

 

(22,516)

3,766

Capital and reserves

 

Called up share capital

200

200

Capital redemption reserve

200

200

Retained earnings

(22,916)

3,366

Shareholders' (deficit)/funds

 

(22,516)

3,766

For the financial 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.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 November 2024
 

 

KDML Consulting Limited

(Registration number: 06582273)
Balance Sheet as at 31 March 2024

.........................................
Mr R J Hall
Director

 

KDML Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
23 Broadacres
Broad Town
Swindon
Wiltshire
SN4 7RP
England

These financial statements were authorised for issue by the director on 25 November 2024.

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 sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, 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.

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 income 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.

 

KDML Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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

Office Equipment

25% Straight Line

Furniture & Fittings

33% Straight Line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

KDML Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 4).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

31,435

31,435

At 31 March 2024

31,435

31,435

Depreciation

At 1 April 2023

30,248

30,248

Charge for the year

815

815

At 31 March 2024

31,063

31,063

Carrying amount

At 31 March 2024

372

372

At 31 March 2023

1,187

1,187

5

Debtors

Current

2024
£

2023
£

Trade debtors

30,540

42,801

Other debtors

37,369

54,794

 

67,909

97,595

 

KDML Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

51,997

46,893

Trade creditors

 

18,506

24,405

Taxation and social security

 

18,992

45,808

Accruals and deferred income

 

1,595

1,450

Other creditors

 

594

100

 

91,684

118,656

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

31,615

83,825

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

31,615

83,825

Current loans and borrowings

2024
£

2023
£

Bank borrowings

51,997

46,893