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REGISTERED NUMBER: 06564829 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

KLM PLANT LIMITED

KLM PLANT LIMITED (REGISTERED NUMBER: 06564829)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

KLM PLANT LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTOR: J Gallagher





SECRETARY: T Gallagher





REGISTERED OFFICE: Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Wirral
CH62 4UE





REGISTERED NUMBER: 06564829 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

KLM PLANT LIMITED (REGISTERED NUMBER: 06564829)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,350 30,085

CURRENT ASSETS
Debtors 5 59,208 55,267
Cash at bank 1,202 548
60,410 55,815
CREDITORS
Amounts falling due within one year 6 47,433 44,655
NET CURRENT ASSETS 12,977 11,160
TOTAL ASSETS LESS CURRENT LIABILITIES 39,327 41,245

CREDITORS
Amounts falling due after more than one year 7 (8,742 ) (7,695 )

PROVISIONS FOR LIABILITIES (5,007 ) (5,716 )
NET ASSETS 25,578 27,834

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 9 25,574 27,830
SHAREHOLDERS' FUNDS 25,578 27,834

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 February 2025 and were signed by:





J Gallagher - Director


KLM PLANT LIMITED (REGISTERED NUMBER: 06564829)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

KLM PLANT 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 33% on cost and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

KLM PLANT LIMITED (REGISTERED NUMBER: 06564829)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 128,672
Additions 1,166
At 31 May 2024 129,838
DEPRECIATION
At 1 June 2023 98,587
Charge for year 4,901
At 31 May 2024 103,488
NET BOOK VALUE
At 31 May 2024 26,350
At 31 May 2023 30,085

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 5,563 -
Amounts owed by group undertakings 10 1,619
Other debtors 53,635 53,648
59,208 55,267

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 1,400 1,400
Trade creditors 240 -
Taxation and social security 267 2,271
Other creditors 45,526 40,984
47,433 44,655

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 1,083 2,483
Other creditors 7,659 5,212
8,742 7,695

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
4 Ordinary 1 4 4

KLM PLANT LIMITED (REGISTERED NUMBER: 06564829)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

9. RESERVES
Retained
earnings
£   

At 1 June 2023 27,830
Deficit for the year (2,256 )
At 31 May 2024 25,574

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount of £7,659 (2023 - £5,212) relating to the directors loan account of Mr J Gallagher, director and shareholder of the company.

11. ULTIMATE CONTROLLING PARTY

The controlling party is J Gallagher.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
KLM PLANT LIMITED (Registered number: 06564829)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of KLM PLANT LIMITED for the year ended 31 May 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of KLM PLANT LIMITED in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of KLM PLANT LIMITED and state those matters that we have agreed to state to the director of KLM PLANT LIMITED in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KLM PLANT LIMITED and its director for our work or for this report.

It is your duty to ensure that KLM PLANT LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of KLM PLANT LIMITED. You consider that KLM PLANT LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of KLM PLANT LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


4 February 2025