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REGISTERED NUMBER: 04299239 (England and Wales)














Unaudited Financial Statements

for the Year Ended 29 February 2024

for

KPM Fabrications Limited

KPM Fabrications Limited (Registered number: 04299239)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


KPM Fabrications Limited

Company Information
for the year ended 29 February 2024







DIRECTOR: A C Filtness





SECRETARY: Mrs D King





REGISTERED OFFICE: Stanley House
49 Dartford Road
Sevenoaks
Kent
TN13 3TE





REGISTERED NUMBER: 04299239 (England and Wales)





ACCOUNTANTS: ah partnership
Chartered Accountants
Stanley House
49 Dartford Road
Sevenoaks
Kent
TN13 3TE

KPM Fabrications Limited (Registered number: 04299239)

Statement of Financial Position
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,745 7,724
6,745 7,724

CURRENT ASSETS
Inventories 1,000 1,000
Debtors 6 6,141 16,486
Cash at bank and in hand 1,114 27,624
8,255 45,110
CREDITORS
Amounts falling due within one year 7 76,484 86,424
NET CURRENT LIABILITIES (68,229 ) (41,314 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(61,484

)

(33,590

)

CREDITORS
Amounts falling due after more than one
year

8

(28,091

)

(40,074

)

PROVISIONS FOR LIABILITIES (1,203 ) (1,372 )
NET LIABILITIES (90,778 ) (75,036 )

KPM Fabrications Limited (Registered number: 04299239)

Statement of Financial Position - continued
29 February 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings (91,078 ) (75,336 )
SHAREHOLDERS' FUNDS (90,778 ) (75,036 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 27 November 2024 and were signed by:





A C Filtness - Director


KPM Fabrications Limited (Registered number: 04299239)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

KPM Fabrications 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.

Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax.

Goodwill
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Inventories
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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 statement of financial position date.


KPM Fabrications Limited (Registered number: 04299239)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Going concern
The financial statements have been prepared on a going concern basis, despite the fact that liabilities exceed assets. The directors have given an undertaking to support the company until it returns to a net asset position. They consider that it is appropriate to prepare the financial statements on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 20,578
AMORTISATION
At 1 March 2023
and 29 February 2024 20,578
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

KPM Fabrications Limited (Registered number: 04299239)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 81,454
Additions 1,332
At 29 February 2024 82,786
DEPRECIATION
At 1 March 2023 73,730
Charge for year 2,311
At 29 February 2024 76,041
NET BOOK VALUE
At 29 February 2024 6,745
At 28 February 2023 7,724

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,648 15,918
Other debtors 493 568
6,141 16,486

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,522 9,932
Trade creditors 13,832 20,836
Taxation and social security 21,643 30,322
Other creditors 22,487 25,334
76,484 86,424

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,091 23,274
Other creditors 15,000 16,800
28,091 40,074

KPM Fabrications Limited (Registered number: 04299239)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is board of directors.