1 January 2023 false No description of principal activity Taxfiler 2024.6 NI640056business:PrivateLimitedCompanyLtd2023-01-012023-12-31 NI6400562022-12-31 NI6400562023-01-012023-12-31 NI640056business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 NI640056business:FilletedAccounts2023-01-012023-12-31 NI6400562023-12-31 NI640056business:Director12023-01-012023-12-31 NI640056business:RegisteredOffice2023-01-012023-12-31 NI6400562022-12-31 NI640056core:WithinOneYear2023-12-31 NI640056core:WithinOneYear2022-12-31 NI640056core:AfterOneYear2023-12-31 NI640056core:AfterOneYear2022-12-31 NI640056core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 NI640056core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 NI640056core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 NI640056core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 NI640056core:PreviouslyStatedAmount2023-12-31 NI640056core:PreviouslyStatedAmount2022-12-31 NI640056business:SmallEntities2023-01-012023-12-31 NI640056countries:NorthernIreland2023-01-012023-12-31 NI640056core:PlantMachinery2023-01-012023-12-31 NI640056core:ComputerEquipment2023-01-012023-12-31 NI640056core:PlantMachinery2022-12-31 NI640056core:ComputerEquipment2022-12-31 NI640056core:PlantMachinery2023-12-31 NI640056core:ComputerEquipment2023-12-31 NI6400562022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. NI640056 (Northern Ireland)
KMAC Trading Limited Unaudited accounts for the year ended 31 December 2023
KMAC Trading Limited Unaudited accounts Contents
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KMAC Trading Limited Company Information for the year ended 31 December 2023
Director
Colin McMenamin
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
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KMAC Trading Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,387 
2,329 
Current assets
Inventories
97,150 
75,696 
Debtors
1,623 
2,294 
Cash at bank and in hand
84 
3,459 
98,857 
81,449 
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)
Capital and reserves
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
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KMAC Trading Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
20%
Computer equipment
20%
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 
Depreciation
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 
Net book value
At 31 December 2023
1,387 
- 
1,387 
At 31 December 2022
2,367 
(38)
2,329 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,623 
2,294 
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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 
Deferred income
- 
6,427 
12,692 
15,579 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
30,676 
31,443 
Loans from directors
89,241 
69,903 
119,917 
101,346 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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