KDC Heanor Limited 14022605 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is Plumbing, heat and air-conditioning installation Digita Accounts Production Advanced 6.30.9574.0 true true 14022605 2023-05-01 2024-04-30 14022605 2024-04-30 14022605 bus:OrdinaryShareClass1 2024-04-30 14022605 bus:OrdinaryShareClass2 2024-04-30 14022605 bus:OrdinaryShareClass3 2024-04-30 14022605 bus:OrdinaryShareClass4 2024-04-30 14022605 core:RetainedEarningsAccumulatedLosses 2024-04-30 14022605 core:ShareCapital 2024-04-30 14022605 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-04-30 14022605 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-04-30 14022605 core:CurrentFinancialInstruments 2024-04-30 14022605 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 14022605 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 14022605 core:Goodwill 2024-04-30 14022605 core:PatentsTrademarksLicencesConcessionsSimilar 2024-04-30 14022605 core:FurnitureFittings 2024-04-30 14022605 core:MotorVehicles 2024-04-30 14022605 core:OfficeEquipment 2024-04-30 14022605 bus:SmallEntities 2023-05-01 2024-04-30 14022605 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 14022605 bus:FullAccounts 2023-05-01 2024-04-30 14022605 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 14022605 bus:RegisteredOffice 2023-05-01 2024-04-30 14022605 bus:Director1 2023-05-01 2024-04-30 14022605 bus:Director2 2023-05-01 2024-04-30 14022605 bus:Director3 2023-05-01 2024-04-30 14022605 bus:Director4 2023-05-01 2024-04-30 14022605 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 14022605 bus:OrdinaryShareClass2 2023-05-01 2024-04-30 14022605 bus:OrdinaryShareClass3 2023-05-01 2024-04-30 14022605 bus:OrdinaryShareClass4 2023-05-01 2024-04-30 14022605 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 14022605 core:Goodwill 2023-05-01 2024-04-30 14022605 core:PatentsTrademarksLicencesConcessionsSimilar 2023-05-01 2024-04-30 14022605 core:ComputerEquipment 2023-05-01 2024-04-30 14022605 core:FurnitureFittings 2023-05-01 2024-04-30 14022605 core:MotorVehicles 2023-05-01 2024-04-30 14022605 core:OfficeEquipment 2023-05-01 2024-04-30 14022605 countries:EnglandWales 2023-05-01 2024-04-30 14022605 2023-04-30 14022605 core:Goodwill 2023-04-30 14022605 core:PatentsTrademarksLicencesConcessionsSimilar 2023-04-30 14022605 core:FurnitureFittings 2023-04-30 14022605 core:MotorVehicles 2023-04-30 14022605 core:OfficeEquipment 2023-04-30 14022605 2022-04-04 2023-04-30 14022605 2023-04-30 14022605 bus:OrdinaryShareClass1 2023-04-30 14022605 bus:OrdinaryShareClass2 2023-04-30 14022605 bus:OrdinaryShareClass3 2023-04-30 14022605 bus:OrdinaryShareClass4 2023-04-30 14022605 core:RetainedEarningsAccumulatedLosses 2023-04-30 14022605 core:ShareCapital 2023-04-30 14022605 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-04-30 14022605 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-04-30 14022605 core:CurrentFinancialInstruments 2023-04-30 14022605 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 14022605 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 14022605 core:Goodwill 2023-04-30 14022605 core:PatentsTrademarksLicencesConcessionsSimilar 2023-04-30 14022605 core:FurnitureFittings 2023-04-30 14022605 core:MotorVehicles 2023-04-30 14022605 core:OfficeEquipment 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14022605

KDC Heanor Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

KDC Heanor Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 12

 

KDC Heanor Limited

Company Information

Directors

Katie Higginson

Keiran Brown

Calvin Atkins

Daniel Scothern

Registered office

Unit 1a
Brooke Court
Amber Road
Langley Mill
NG16 4BE

Accountants

Butler Cook
The Hemington
Millhouse Business Centre
Station Road
Castle Donington
Derby
DE74 2NJ

 

KDC Heanor Limited

Directors' Report for the Year Ended 30 April 2024

The directors present their report and the financial statements for the year ended 30 April 2024.

Directors of the company

The directors who held office during the year were as follows:

Katie Higginson

Keiran Brown

Calvin Atkins

Daniel Scothern

Principal activity

The principal activity of the company is Plumbing, heat and air-conditioning installation

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 30 January 2025 and signed on its behalf by:
 

.........................................
Katie Higginson
Director

.........................................
Keiran Brown
Director

.........................................
Calvin Atkins
Director

.........................................
Daniel Scothern
Director

 

KDC Heanor Limited

(Registration number: 14022605)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

5

12,002

13,502

Tangible assets

6

242,981

3,258

 

254,983

16,760

Current assets

 

Stocks

7

7,998

7,998

Debtors

8

503,268

206,765

Cash at bank and in hand

 

131,135

30,388

 

642,401

245,151

Creditors: Amounts falling due within one year

9

(569,704)

(259,031)

Net current assets/(liabilities)

 

72,697

(13,880)

Total assets less current liabilities

 

327,680

2,880

Creditors: Amounts falling due after more than one year

9

(130,137)

-

Net assets

 

197,543

2,880

Capital and reserves

 

Called up share capital

10

100

100

Retained earnings

197,443

2,780

Shareholders' funds

 

197,543

2,880

 

KDC Heanor Limited

(Registration number: 14022605)
Balance Sheet as at 30 April 2024

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 30 January 2025 and signed on its behalf by:
 

.........................................
Katie Higginson
Director

.........................................
Keiran Brown
Director

.........................................
Calvin Atkins
Director

.........................................
Daniel Scothern
Director

 

KDC Heanor Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1a
Brooke Court
Amber Road
Langley Mill
NG16 4BE

These financial statements were authorised for issue by the Board on 30 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

KDC Heanor Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

15% Reducing Balance

Computer Equipment

25% Straight Line Method

Motor vehicle

25% Reducing balance method

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Amortized over 10 years Straight Line Method

 

KDC Heanor Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

KDC Heanor Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2023 - 10).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

3,694

457

Amortisation expense

1,500

1,500

 

KDC Heanor Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Intangible assets

Goodwill
 £

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 May 2023

15,000

2

15,002

At 30 April 2024

15,000

2

15,002

Amortisation

At 1 May 2023

1,500

-

1,500

Amortisation charge

1,500

-

1,500

At 30 April 2024

3,000

-

3,000

Carrying amount

At 30 April 2024

12,000

2

12,002

At 30 April 2023

13,500

2

13,502

6

Tangible assets

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

2,000

1,715

-

3,715

Additions

708

9,999

232,710

243,417

At 30 April 2024

2,708

11,714

232,710

247,132

Depreciation

At 1 May 2023

277

180

-

457

Charge for the year

332

429

2,933

3,694

At 30 April 2024

609

609

2,933

4,151

Carrying amount

At 30 April 2024

2,099

11,105

229,777

242,981

At 30 April 2023

1,723

1,535

-

3,258

 

KDC Heanor Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Stocks

2024
£

2023
£

Finished goods and goods for resale

7,998

7,998

8

Debtors

Current

2024
£

2023
£

Trade debtors

353,380

60,326

Prepayments

1,490

-

Other debtors

148,398

146,439

 

503,268

206,765

 

KDC Heanor Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

9

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

11

72,600

-

Trade creditors

 

131,475

74,912

Taxation and social security

 

115,174

47,049

Accruals and deferred income

 

11,800

36,898

Other creditors

 

238,655

100,172

 

569,704

259,031

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

11

130,137

-

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

30

30

30

30

Ordinary Shares of £1 each

30

30

30

30

Ordinary Shares of £1 each

10

10

10

10

Ordinary Shares of £1 each

30

30

30

30

100

100

100

100

 

KDC Heanor Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

11

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

130,137

-

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

72,600

-