KDV Flow Limited 12000528 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is manufacturer of industrial flow control products and accessories. Digita Accounts Production Advanced 6.30.9574.0 true true true 12000528 2023-05-01 2024-04-30 12000528 2024-04-30 12000528 core:RetainedEarningsAccumulatedLosses 2024-04-30 12000528 core:ShareCapital 2024-04-30 12000528 core:CurrentFinancialInstruments 2024-04-30 12000528 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 12000528 core:FurnitureFittingsToolsEquipment 2024-04-30 12000528 core:MotorVehicles 2024-04-30 12000528 bus:SmallEntities 2023-05-01 2024-04-30 12000528 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 12000528 bus:FullAccounts 2023-05-01 2024-04-30 12000528 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 12000528 bus:RegisteredOffice 2023-05-01 2024-04-30 12000528 bus:Director1 2023-05-01 2024-04-30 12000528 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12000528 core:FurnitureFittings 2023-05-01 2024-04-30 12000528 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 12000528 core:MotorVehicles 2023-05-01 2024-04-30 12000528 core:OfficeEquipment 2023-05-01 2024-04-30 12000528 core:PlantMachinery 2023-05-01 2024-04-30 12000528 core:OtherRelatedParties 2023-05-01 2024-04-30 12000528 1 2023-05-01 2024-04-30 12000528 countries:EnglandWales 2023-05-01 2024-04-30 12000528 2023-04-30 12000528 core:FurnitureFittingsToolsEquipment 2023-04-30 12000528 core:MotorVehicles 2023-04-30 12000528 2022-05-01 2023-04-30 12000528 2023-04-30 12000528 core:RetainedEarningsAccumulatedLosses 2023-04-30 12000528 core:ShareCapital 2023-04-30 12000528 core:CurrentFinancialInstruments 2023-04-30 12000528 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 12000528 core:FurnitureFittingsToolsEquipment 2023-04-30 12000528 core:MotorVehicles 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 12000528

KDV Flow Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024

 

KDV Flow Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

KDV Flow Limited

(Registration number: 12000528)
Statement of Financial Position as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

51,426

55,680

Current assets

 

Stocks

431,379

364,762

Debtors

5

247,690

138,585

Cash at bank and in hand

 

51,848

22,930

 

730,917

526,277

Creditors: Amounts falling due within one year

6

(862,228)

(753,307)

Net current liabilities

 

(131,311)

(227,030)

Net liabilities

 

(79,885)

(171,350)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(79,985)

(171,450)

Shareholders' deficit

 

(79,885)

(171,350)

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.

Director's 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 director acknowledges his 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 31 January 2025
 

 

KDV Flow Limited

(Registration number: 12000528)
Statement of Financial Position as at 30 April 2024

.........................................
Mr Ilan Almagor
Director

   
     
 

KDV Flow 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:
C/o Beever and Struthers
One Express
1 George Leigh Street
Manchester
M4 5DL

These financial statements were authorised for issue by the director on 31 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.

Going concern

The company has net liabilities at the statement of financial position date. The company is supported by working capital provided by one of the directors. The directors are not aware of any reason why this support would be withdrawn. It is on that basis that 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.

 

KDV Flow Limited

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

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.

Tangible assets

Tangible assets are stated in the statement of financial position 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

Plant and machinery

20 straight line

Furniture and fittings

20% straight line

Office equipment

33% straight line

Motor vehicles

25% reducing balance

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.

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.

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.

 

KDV Flow Limited

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

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2023 - 5).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

56,321

33,560

89,881

Additions

14,001

-

14,001

At 30 April 2024

70,322

33,560

103,882

Depreciation

At 1 May 2023

21,978

12,223

34,201

Charge for the year

12,921

5,334

18,255

At 30 April 2024

34,899

17,557

52,456

Carrying amount

At 30 April 2024

35,423

16,003

51,426

At 30 April 2023

34,343

21,337

55,680

5

Debtors

Current

2024
£

2023
£

Trade debtors

157,904

116,943

Prepayments

10,144

5,628

Other debtors

79,642

16,014

 

247,690

138,585

 

KDV Flow Limited

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

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

59,736

53,827

Taxation and social security

19,887

13,187

Accruals and deferred income

4,112

8,498

Other creditors

778,493

677,795

862,228

753,307

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £11,406 (2023 - £40,918).

8

Related party transactions

Summary of transactions with other related parties

Kim Diaphragm Valves PTY Ltd
 

The Director of Kim Diaphragm Valves PTY Ltd, a company registered in Australia, is also a director of KDV Flow Limited.

At the statement of financial position date the amount owed to Kim Diaphragm Valves PTY Ltd was £777,871 (2023 - £677,072). This amount is included in other creditors and is repayable on demand. No interest has been charged on the balance.

 

9

Parent and ultimate parent undertaking

The company's immediate and ultimate parent is MRM Kimex Limited, incorporated in England and Wales.