Company Registration No. NI640056 (Northern Ireland)
KMAC Trading Limited
Unaudited accounts
for the year ended 31 December 2023
KMAC Trading Limited
Unaudited accounts
Contents
KMAC Trading Limited
Company Information
for the year ended 31 December 2023
Company Number
NI640056 (Northern Ireland)
Registered Office
1e Elagh Business Park
Buncranna Rd
Derry
BT48 8QH
Accountants
Michael Bolster
Unit 18, Northwest Business Complex
Skeoge Industrial Estate
L'Derry
BT48 8SE
KMAC Trading Limited
Statement of financial position
as at 31 December 2023
Tangible assets
1,387
2,329
Cash at bank and in hand
84
3,459
Creditors: amounts falling due within one year
(12,692)
(15,579)
Net current assets
86,165
65,870
Total assets less current liabilities
87,552
68,199
Creditors: amounts falling due after more than one year
(119,917)
(101,346)
Net liabilities
(32,365)
(33,147)
Called up share capital
1
1
Profit and loss account
(32,366)
(33,148)
Shareholders' funds
(32,365)
(33,147)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2024 and were signed on its behalf by
Colin McMenamin
Director
Company Registration No. NI640056
KMAC Trading Limited
Notes to the Accounts
for the year ended 31 December 2023
KMAC Trading Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI640056. The registered office is 1e Elagh Business Park, Buncranna Rd, Derry, BT48 8QH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
4,902
269
5,171
At 31 December 2023
4,902
269
5,171
At 1 January 2023
2,535
307
2,842
Charge for the year
980
(38)
942
At 31 December 2023
3,515
269
3,784
At 31 December 2023
1,387
-
1,387
At 31 December 2022
2,367
(38)
2,329
Amounts falling due within one year
KMAC Trading Limited
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
12,692
9,152
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
89,241
69,903
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).