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REGISTERED NUMBER: 05342815 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

KMR ENGINEERING LIMITED

KMR ENGINEERING LIMITED (REGISTERED NUMBER: 05342815)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KMR ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: R G Hammond
K P Horwood
M C Baskett



SECRETARY: R G Hammond



REGISTERED OFFICE: Lady Lane
Hadleigh
Ipswich
Suffolk
IP7 6BQ



REGISTERED NUMBER: 05342815 (England and Wales)



ACCOUNTANTS: Walter Wright
Chartered Accountants
89 High Street
Hadleigh
Ipswich
Suffolk
IP7 5EA



BANKERS: Barclays Bank plc
41 High Street
Hadleigh
Ipswich
Suffolk
IP7 5AN

KMR ENGINEERING LIMITED (REGISTERED NUMBER: 05342815)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 986,075 956,127

CURRENT ASSETS
Stocks 241,978 233,382
Debtors 5 290,257 290,411
Cash at bank and in hand 1,211,228 914,164
1,743,463 1,437,957
CREDITORS
Amounts falling due within one year 6 275,788 219,214
NET CURRENT ASSETS 1,467,675 1,218,743
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,453,750

2,174,870

PROVISIONS FOR LIABILITIES 74,339 53,764
NET ASSETS 2,379,411 2,121,106

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 7 2,379,408 2,121,103
SHAREHOLDERS' FUNDS 2,379,411 2,121,106

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

KMR ENGINEERING LIMITED (REGISTERED NUMBER: 05342815)

BALANCE SHEET - continued
30 APRIL 2024


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 Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:




M C Baskett - Director



K P Horwood - Director


KMR ENGINEERING LIMITED (REGISTERED NUMBER: 05342815)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

KMR Engineering 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 sales of goods and services, is recognised on dispatch of the goods or provision of the service and excludes value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 33% on cost, 25% on cost, 25% on reducing balance, 20% on cost and 10% on cost

The directors consider that properties are maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreciation would not be material and therefore is not charged in the profit and loss account. The directors perform annual impairment reviews to ensure that the recoverable amount is not lower than the carrying value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans from / to related parties.

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 balance sheet date.


KMR ENGINEERING LIMITED (REGISTERED NUMBER: 05342815)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 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 balance sheet 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Going concern
After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the going concern basis has continued to be used in preparing the accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 754,966 748,917 1,503,883
Additions - 73,084 73,084
At 30 April 2024 754,966 822,001 1,576,967
DEPRECIATION
At 1 May 2023 - 547,756 547,756
Charge for year - 43,136 43,136
At 30 April 2024 - 590,892 590,892
NET BOOK VALUE
At 30 April 2024 754,966 231,109 986,075
At 30 April 2023 754,966 201,161 956,127

KMR ENGINEERING LIMITED (REGISTERED NUMBER: 05342815)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 287,635 288,786
Other debtors 2,622 1,625
290,257 290,411

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 132,363 104,961
Taxation and social security 103,433 105,027
Other creditors 39,992 9,226
275,788 219,214

7. RESERVES
Retained
earnings
£   

At 1 May 2023 2,121,103
Profit for the year 296,696
Dividends (38,391 )
At 30 April 2024 2,379,408