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KDM SERVICES LIMITED

Registered Number
SC721662
(Scotland)

Unaudited Financial Statements for the Year ended
31 March 2024

KDM SERVICES LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Dean Morrison
Kenneth Morrison

Registered Address

18 The Green
Coaltown
Glenrothes
KY7 6GY

Registered Number

SC721662 (Scotland)
KDM SERVICES LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets334,07915,601
34,07915,601
Current assets
Stocks3,5001,709
Debtors431,5156,493
Cash at bank and on hand13,93812,759
48,95320,961
Creditors amounts falling due within one year5(62,736)(14,731)
Net current assets (liabilities)(13,783)6,230
Total assets less current liabilities20,29621,831
Provisions for liabilities(7,085)(2,964)
Net assets13,21118,867
Capital and reserves
Called up share capital44
Profit and loss account13,20718,863
Shareholders' funds13,21118,867
The financial statements were approved and authorised for issue by the Board of Directors on 28 October 2024, and are signed on its behalf by:
Dean Morrison
Director
Kenneth Morrison
Director

Registered Company No. SC721662
KDM SERVICES LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The financial statements have been prepared on the going concern basis. The directors find it appropriate for the financial statements to be prepared on this basis despite the net current liability position of the company. The company is reliant upon the continued support of the directors who have confirmed that they will continue to support the company as required.
Turnover policy
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.
Current taxation
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
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Vehicles25-
Office Equipment-3
Stocks and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 April 235,08014,00026919,349
Additions3,09119,995-23,086
At 31 March 248,17133,99526942,435
Depreciation and impairment
At 01 April 232783,432383,748
Charge for year1,8082,710904,608
At 31 March 242,0866,1421288,356
Net book value
At 31 March 246,08527,85314134,079
At 31 March 234,80210,56823115,601
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables4,632440
Other debtors25,5915,682
Prepayments and accrued income1,292371
Total31,5156,493
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables26,3422,365
Taxation and social security13,6406,937
Other creditors22,7544,378
Accrued liabilities and deferred income-1,051
Total62,73614,731