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Registered number: 09726659
KDC Cleaning Ltd
Financial Statements
For the Period 31 August 2023 to 30 April 2024
Accounts Unlocked Limited
Office 43, The Cobalt Building
1600 Eureka Park, Lower Pemberton
Ashford
Kent
TN25 4BF
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 09726659
30 April 2024 30 August 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 482 1,348
482 1,348
CURRENT ASSETS
Debtors 6 170,112 175,177
Cash at bank and in hand 68,568 92,707
238,680 267,884
Creditors: Amounts Falling Due Within One Year 7 (159,995 ) (182,615 )
NET CURRENT ASSETS (LIABILITIES) 78,685 85,269
TOTAL ASSETS LESS CURRENT LIABILITIES 79,167 86,617
Creditors: Amounts Falling Due After More Than One Year 8 (32,577 ) (36,298 )
NET ASSETS 46,590 50,319
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 46,490 50,219
SHAREHOLDERS' FUNDS 46,590 50,319
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For the period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr M I Velvick
Director
23 January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
KDC Cleaning Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09726659 . The registered office is 133 Ellingham Way, Ashford, TN23 6LZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33% straight line
Motor Vehicles 25% straight line
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 89 (2023: 108)
89 108
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4. Intangible Assets
Goodwill
£
Cost
As at 31 August 2023 11,000
As at 30 April 2024 11,000
Amortisation
As at 31 August 2023 11,000
As at 30 April 2024 11,000
Net Book Value
As at 30 April 2024 -
As at 31 August 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 31 August 2023 10,415 14,695 25,110
As at 30 April 2024 10,415 14,695 25,110
Depreciation
As at 31 August 2023 9,068 14,694 23,762
Provided during the period 865 1 866
As at 30 April 2024 9,933 14,695 24,628
Net Book Value
As at 30 April 2024 482 - 482
As at 31 August 2023 1,347 1 1,348
6. Debtors
30 April 2024 30 August 2023
£ £
Due within one year
Trade debtors 140,347 155,220
Amounts owed by participating interests 29,765 19,957
170,112 175,177
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7. Creditors: Amounts Falling Due Within One Year
30 April 2024 30 August 2023
£ £
Bank loans and overdrafts 6,618 6,618
Amounts owed to participating interests 42,498 41,976
Other creditors 179 124
Taxation and social security 110,700 133,897
159,995 182,615
8. Creditors: Amounts Falling Due After More Than One Year
30 April 2024 30 August 2023
£ £
Bank loans 32,577 36,298
9. Share Capital
30 April 2024 30 August 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Mr M Velvick is a shareholder of KDC Medical Ltd, who KDC Cleaning Ltd owed £42,498 (August 2023 - £41,976) at the balance sheet date.
Mr M Velvick is a shareholder and director of Dependable Homecare Ltd, who owed KDC Cleaning Ltd £29,765 (August 2023 - £19,957) at the balance sheet date.
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