IRIS Accounts Production v24.3.2.46 01219774 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 0.10000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh012197742023-04-30012197742024-04-30012197742023-05-012024-04-30012197742022-04-30012197742022-05-012023-04-30012197742023-04-3001219774ns15:EnglandWales2023-05-012024-04-3001219774ns14:PoundSterling2023-05-012024-04-3001219774ns10:Director12023-05-012024-04-3001219774ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3001219774ns10:SmallEntities2023-05-012024-04-3001219774ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3001219774ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3001219774ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3001219774ns10:FullAccounts2023-05-012024-04-3001219774ns10:OrdinaryShareClass12023-05-012024-04-3001219774ns10:Director22023-05-012024-04-3001219774ns10:Director32023-05-012024-04-3001219774ns10:CompanySecretary12023-05-012024-04-3001219774ns10:RegisteredOffice2023-05-012024-04-3001219774ns5:CurrentFinancialInstruments2024-04-3001219774ns5:CurrentFinancialInstruments2023-04-3001219774ns5:ShareCapital2024-04-3001219774ns5:ShareCapital2023-04-3001219774ns5:CapitalRedemptionReserve2024-04-3001219774ns5:CapitalRedemptionReserve2023-04-3001219774ns5:RetainedEarningsAccumulatedLosses2024-04-3001219774ns5:RetainedEarningsAccumulatedLosses2023-04-3001219774ns5:PlantMachinery2023-05-012024-04-3001219774ns5:FurnitureFittings2023-05-012024-04-3001219774ns5:PlantMachinery2023-04-3001219774ns5:FurnitureFittings2023-04-3001219774ns5:PlantMachinery2024-04-3001219774ns5:FurnitureFittings2024-04-3001219774ns5:PlantMachinery2023-04-3001219774ns5:FurnitureFittings2023-04-3001219774ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3001219774ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3001219774ns10:OrdinaryShareClass12024-04-3001219774ns5:RetainedEarningsAccumulatedLosses2023-04-3001219774ns5:CapitalRedemptionReserve2023-04-3001219774ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30
REGISTERED NUMBER: 01219774 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

KMD COMPANY LIMITED

KMD COMPANY LIMITED (REGISTERED NUMBER: 01219774)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KMD COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr J T Bacon
Mr R G Bacon
Mrs S J Shortt



SECRETARY: Mrs BA Jarrom



REGISTERED OFFICE: The Sherwood Group
Hadden Court
Glaisdale Parkway
Nottingham
NG8 4GP



REGISTERED NUMBER: 01219774 (England and Wales)



BANKERS: Bank of Scotland
600 Gorgie Road
Edinburgh
EH11 3XP

KMD COMPANY LIMITED (REGISTERED NUMBER: 01219774)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 18,215 39,181
Debtors 5 56,801 85,827
Cash at bank and in hand 7,429 4,500
82,445 129,508
CREDITORS
Amounts falling due within one year 6 197,561 145,161
NET CURRENT LIABILITIES (115,116 ) (15,653 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(115,116

)

(15,653

)

CAPITAL AND RESERVES
Called up share capital 7 9,302 9,302
Capital redemption reserve 8 700 700
Retained earnings 8 (125,118 ) (25,655 )
SHAREHOLDERS' FUNDS (115,116 ) (15,653 )

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.

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 27 January 2025 and were signed on its behalf by:





Mr J T Bacon - Director


KMD COMPANY LIMITED (REGISTERED NUMBER: 01219774)

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


1. STATUTORY INFORMATION

KMD Company 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.

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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis. Continuing to trade depends upon the support of the directors and associated companies. Should the company be unable to continue to trade, adjustments would have to be made to reduce the assets to their recoverable amount, to provide for any further liabilities which may arise, and to reclassify fixed assets as current.

Turnover
Revenue comprises the fair value for the sale of goods excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined on the dispatch of the goods.

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 - 5% to 20% on valuation amount
Fixtures and fittings - 20-50% on a straight line basis

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks 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 balance sheet date.


KMD COMPANY LIMITED (REGISTERED NUMBER: 01219774)

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

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
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 21,040 68,982 90,022
DEPRECIATION
At 1 May 2023
and 30 April 2024 21,040 68,982 90,022
NET BOOK VALUE
At 30 April 2024 - - -
At 30 April 2023 - - -

KMD COMPANY LIMITED (REGISTERED NUMBER: 01219774)

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


4. TANGIBLE FIXED ASSETS - continued

The plant and machinery were valued on a VPEB (Valuation of plant and equipment to the business) as at 31 December 2014 by Marriott & Co, who are regulated by The Royal Institute of Chartered Surveyors. This value has been adopted as deemed costs of the assets concerned on transition to FRS102.

The comparable amounts for plant and machinery at original cost were;

20222021
££
Cost187,478187,478

Aggregated depreciation187,478187,478



5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 37,323 66,198
Amounts owed by group undertakings 16,320 16,320
Other debtors 3,158 3,309
56,801 85,827

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 96,414 40,075
Taxation and social security 2,770 6,639
Other creditors 98,377 98,447
197,561 145,161

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
93,020 Ordinary £0.10 9,302 9,302

8. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 May 2023 (25,655 ) 700 (24,955 )
Deficit for the year (99,463 ) (99,463 )
At 30 April 2024 (125,118 ) 700 (124,418 )

KMD COMPANY LIMITED (REGISTERED NUMBER: 01219774)

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


9. RELATED PARTY DISCLOSURES

During the year the company received goods and services The Sherwood Press Limited amounting to £87,055.16 (2023: £95,075) and made sales of £82,117.14 (2023: £56,655) to The Sherwood Press Limited. At the year end there was a balance of £91,926.62 payable to The Sherwood Press Limited (2023: £29,865) and Nil due from The Sherwood Press Limited (2023: £14,953). Mr J Bacon and Mr R Bacon are both directors in The Sherwood Press Limited

10. ULTIMATE PARENT COMPANY

The company's ultimate parent company is Smart Display Limited. The registered office address of Smart Display Limited is Haddon Court, Glaisdale Parkway, Nottingham, England, NG8 4GP.