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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
Page
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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
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KYN Services Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
63,734 
76,199 
Current assets
Inventories
65,727 
51,653 
Debtors
347,891 
230,654 
Cash at bank and in hand
198,127 
102,424 
611,745 
384,731 
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 
Capital and reserves
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
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KYN Services Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
Pension costs
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.
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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 
Depreciation
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 
Net book value
At 31 May 2024
20,050 
43,684 
63,734 
At 31 May 2023
21,454 
54,745 
76,199 
5
Inventories
2024 
2023 
£ 
£ 
Work in progress
65,727 
51,653 
65,727 
51,653 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
37,199 
5,579 
Trade debtors
274,833 
220,587 
Amounts due from group undertakings etc.
27,355 
- 
Accrued income and prepayments
5,177 
- 
Other debtors
3,327 
4,488 
347,891 
230,654 
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 
Accruals
13,600 
5,993 
325,399 
109,969 
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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 
£ 
£ 
Bank loans
10,000 
20,000 
Obligations under finance leases and hire purchase contracts
26,652 
41,178 
36,652 
61,178 
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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