Silverfin false false 30/06/2024 01/07/2023 30/06/2024 Mr K D Damen 17/02/2010 Mrs S C Damen 01/08/2011 29 January 2025 The principal activity of the company is designing and commissioning parcel sorting depots, together with the provision of consultancy services. 07160167 2024-06-30 07160167 bus:Director1 2024-06-30 07160167 bus:Director2 2024-06-30 07160167 2023-06-30 07160167 core:CurrentFinancialInstruments 2024-06-30 07160167 core:CurrentFinancialInstruments 2023-06-30 07160167 core:ShareCapital 2024-06-30 07160167 core:ShareCapital 2023-06-30 07160167 core:RetainedEarningsAccumulatedLosses 2024-06-30 07160167 core:RetainedEarningsAccumulatedLosses 2023-06-30 07160167 core:PlantMachinery 2023-06-30 07160167 core:Vehicles 2023-06-30 07160167 core:OfficeEquipment 2023-06-30 07160167 core:PlantMachinery 2024-06-30 07160167 core:Vehicles 2024-06-30 07160167 core:OfficeEquipment 2024-06-30 07160167 bus:OrdinaryShareClass1 2024-06-30 07160167 bus:OrdinaryShareClass2 2024-06-30 07160167 bus:OrdinaryShareClass3 2024-06-30 07160167 bus:OrdinaryShareClass4 2024-06-30 07160167 2023-07-01 2024-06-30 07160167 bus:FilletedAccounts 2023-07-01 2024-06-30 07160167 bus:SmallEntities 2023-07-01 2024-06-30 07160167 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 07160167 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07160167 bus:Director1 2023-07-01 2024-06-30 07160167 bus:Director2 2023-07-01 2024-06-30 07160167 core:PlantMachinery 2023-07-01 2024-06-30 07160167 core:Vehicles 2023-07-01 2024-06-30 07160167 core:OfficeEquipment 2023-07-01 2024-06-30 07160167 2022-07-01 2023-06-30 07160167 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 07160167 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 07160167 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 07160167 bus:OrdinaryShareClass2 2022-07-01 2023-06-30 07160167 bus:OrdinaryShareClass3 2023-07-01 2024-06-30 07160167 bus:OrdinaryShareClass3 2022-07-01 2023-06-30 07160167 bus:OrdinaryShareClass4 2023-07-01 2024-06-30 07160167 bus:OrdinaryShareClass4 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07160167 (England and Wales)

K D PROJECTS LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

K D PROJECTS LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

K D PROJECTS LIMITED

BALANCE SHEET

As at 30 June 2024
K D PROJECTS LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 5,194 6,925
5,194 6,925
Current assets
Debtors 4 17,149 40,472
Cash at bank and in hand 909 32,796
18,058 73,268
Creditors: amounts falling due within one year 5 ( 9,043) ( 10,740)
Net current assets 9,015 62,528
Total assets less current liabilities 14,209 69,453
Net assets 14,209 69,453
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 14,109 69,353
Total shareholders' funds 14,209 69,453

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

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of K D Projects Limited (registered number: 07160167) were approved and authorised for issue by the Board of Directors on 29 January 2025. They were signed on its behalf by:

Mr K D Damen
Director
K D PROJECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
K D PROJECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

K D Projects Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 July 2023 5,105 7,685 3,458 16,248
At 30 June 2024 5,105 7,685 3,458 16,248
Accumulated depreciation
At 01 July 2023 4,197 1,921 3,205 9,323
Charge for the financial year 227 1,441 63 1,731
At 30 June 2024 4,424 3,362 3,268 11,054
Net book value
At 30 June 2024 681 4,323 190 5,194
At 30 June 2023 908 5,764 253 6,925

4. Debtors

2024 2023
£ £
Amounts owed by directors 0 23,902
Other debtors 17,149 16,570
17,149 40,472

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 6,049 0
Accruals 2,451 3,551
Corporation tax 0 5,737
Other taxation and social security 543 1,452
9,043 10,740

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
55 Ordinary shares of £ 1.00 each 55 55
15 Ordinary A shares of £ 1.00 each 15 15
15 Ordinary B shares of £ 1.00 each 15 15
15 Ordinary C shares of £ 1.00 each 15 15
100 100

7. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Balance brought forward 23,902 82,094
Advances to director 24,588 24,620
Repayments by director (54,539) (82,812)
Balance carried forward (6,049) 23,902

The directors loan is subject to a 2.25% interest charge.