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Registered number: 9695324
KMGM ENTERPRISES LIMITED
Financial Statements
For The Year Ended 31 October 2024
Tamsons Accounting & Tax Consultancy Ltd
Financial Accountants'
53-55 College Road
Bromley
Kent
BR1 3QG
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mr Kanapathippillai Muralitharan
Mrs Gayathiri Muralitharan
Company Number 9695324
Registered Office 48 Dane Valley
MARGATE
KENT
CT9 3RX
Business 48 Dane Valley
MARGATE
KENT
CT9 3RX
Accountants Tamsons Accounting & Tax Consultancy Ltd
Financial Accountants'
53-55 College Road
Bromley
Kent
BR1 3QG
Page 1
Page 2
Balance Sheet
Registered number: 9695324
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 198,521 233,554
Tangible Assets 5 316,032 326,613
514,553 560,167
CURRENT ASSETS
Stocks 6 285,250 229,500
Debtors 1,700 1,700
Cash at bank and in hand 33,523 33,035
320,473 264,235
Creditors: Amounts Falling Due Within One Year 7 (423,981 ) (390,178 )
NET CURRENT ASSETS (LIABILITIES) (103,508 ) (125,943 )
TOTAL ASSETS LESS CURRENT LIABILITIES 411,045 434,224
Creditors: Amounts Falling Due After More Than One Year 8 (199,910 ) (212,297 )
NET ASSETS 211,135 221,927
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 211,035 221,827
SHAREHOLDERS' FUNDS 211,135 221,927
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For the year ending 31 October 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Kanapathippillai Muralitharan
Director
Mrs Gayathiri Muralitharan
Director
02/01/2025
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
KMGM ENTERPRISES LIMITED Registered number 9695324 is a limited by shares company incorporated in England & Wales. The Registered Office is 48 Dane Valley, MARGATE, KENT, CT9 3RX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold N/a
Motor Vehicles N/A
Fixtures & Fittings 18% ON COST
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
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2.9. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2023: 18)
18 18
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 311,040
As at 31 October 2024 311,040
Amortisation
As at 1 November 2023 77,486
Provided during the period 35,033
As at 31 October 2024 112,519
Net Book Value
As at 31 October 2024 198,521
As at 1 November 2023 233,554
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2023 267,826 44,097 42,589 354,512
As at 31 October 2024 267,826 44,097 42,589 354,512
Depreciation
As at 1 November 2023 - 4,239 23,660 27,899
Provided during the period - 7,174 3,407 10,581
As at 31 October 2024 - 11,413 27,067 38,480
Net Book Value
As at 31 October 2024 267,826 32,684 15,522 316,032
As at 1 November 2023 267,826 39,858 18,929 326,613
6. Stocks
2024 2023
£ £
Materials 285,250 229,500
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 38,987 50,484
Bank loans and overdrafts - 277,009
Corporation tax 18,378 16,162
Other taxes and social security 3,997 1,967
VAT 8,988 7,684
Other creditors 1,320 1,200
Directors' loan accounts 352,311 35,672
423,981 390,178
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 24,921 37,185
Loan-BBL 14,562 24,303
New Loan 137,012 150,809
Other creditors -Liberis Ltd 23,415 -
199,910 212,297
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 24,921 37,185
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Kanapathippillai Muralitharan 20,000 20,000
Mrs Gayathiri Muralitharan 20,000 20,000
12. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 40,000 40,000
13. Ultimate Controlling Party
The company's ultimate controlling party is Mr & Mrs Muralitharan by virtue of his ownership of 100% of the issued share capital in the company.
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