Company Registration No. 07910423 (England and Wales)
KYN Services Ltd
Unaudited accounts
for the year ended 31 May 2024
KYN Services Ltd
Unaudited accounts
Contents
KYN Services Ltd
Company Information
for the year ended 31 May 2024
Directors
Stefan Dascalu
Cristina Dascalu
Company Number
07910423 (England and Wales)
Registered Office
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
Accountants
Evolve Accounting and Tax Solutions Ltd
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
KYN Services Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
63,734
76,199
Cash at bank and in hand
198,127
102,424
Creditors: amounts falling due within one year
(325,399)
(109,969)
Net current assets
286,346
274,762
Total assets less current liabilities
350,080
350,961
Creditors: amounts falling due after more than one year
(36,652)
(61,178)
Net assets
313,428
289,783
Called up share capital
100
100
Profit and loss account
313,328
289,683
Shareholders' funds
313,428
289,783
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 January 2025 and were signed on its behalf by
Stefan Dascalu
Director
Company Registration No. 07910423
KYN Services Ltd
Notes to the Accounts
for the year ended 31 May 2024
KYN Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 07910423. The registered office is Congress House, 14 Lyon Road, Harrow, Middlesex, HA1 2EN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
KYN Services Ltd
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2023
34,033
90,686
124,719
Additions
5,279
3,500
8,779
At 31 May 2024
39,312
94,186
133,498
At 1 June 2023
12,579
35,941
48,520
Charge for the year
6,683
14,561
21,244
At 31 May 2024
19,262
50,502
69,764
At 31 May 2024
20,050
43,684
63,734
At 31 May 2023
21,454
54,745
76,199
Work in progress
65,727
51,653
Amounts falling due within one year
Trade debtors
274,833
220,587
Amounts due from group undertakings etc.
27,355
-
Accrued income and prepayments
5,177
-
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
14,526
14,526
Trade creditors
115,176
9,235
Taxes and social security
100,591
53,961
Other creditors
2,817
12,214
Loans from directors
68,689
4,040
KYN Services Ltd
Notes to the Accounts
for the year ended 31 May 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
26,652
41,178
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).