Registered number
03497252
KCL Management Services
Filleted Accounts
31 May 2024
KCL Management Services
Registered number: 03497252
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 639 662
Investments 4 79,316 79,316
79,955 79,978
Current assets
Debtors 5 40,539 45,781
Cash at bank and in hand 11,091 3,017
51,630 48,798
Creditors: amounts falling due within one year 6 (31,595) (29,617)
Net current assets 20,035 19,181
Net assets 99,990 99,159
Capital and reserves
Called up share capital 200 200
Profit and loss account 99,790 98,959
Shareholders' funds 99,990 99,159
- -
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T. E. REYNOLDS FCA
Director
Approved by the board on 26 February 2025
KCL Management Services
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Statement of compliance
KCL Management Services Limited ("the Company") is a private company limited by shares and incorporated in England and Wales. The Company's registered number is 03497252 and the address of its registered office is HCD Research, 179 Junction Road, BURGESS HILL, West Sussex, RH15 0JW. The principal activity of the company during the period is that of telecommunications consultancy and the provision of accountancy services.
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 7,631
Additions 405
At 31 May 2024 8,036
Depreciation
At 1 June 2023 6,969
Charge for the year 428
At 31 May 2024 7,397
Net book value
At 31 May 2024 639
At 31 May 2023 662
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 June 2023 79,316
At 31 May 2024 79,316
At 31 May 2023 the Company owned, either directly or indirectly, holdings in the issued share capital of the following companies:-
HCD Holdings Limited (registration number 09913404) - holding company of a trading group
Ordinary share capital £200,000 of which 25% is owned by the Company
HCD Research Limited (registration number 00708818 - England and Wales - trading.
Ordinary share capital £29,363 of which 1.24% is owned by the Company.
5 Debtors 2024 2023
£ £
Trade debtors 2,414 1,100
Amounts owed by group undertakings and undertakings in which the company has a participating interest 32,720 41,371
Other debtors 5,405 3,310
40,539 45,781
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,128 628
Other creditors 30,467 28,989
31,595 29,617
7 Related party transactions
The directors operate current accounts with the company. These accounts have been in credit throughout the year, are repayable on demand and are included in Other Creditors (Note 9). The total amounts due by the company to its directors at the year end was £27,407 (2023 - £27,069).
8 Other information
KCL Management Services is a private company limited by shares and incorporated in England. Its registered office is:
HCD Research
179 Junction Road
BURGESS HILL
West Sussex
RH15 0JW
KCL Management Services 03497252 false 2023-06-01 2024-05-31 2024-05-31 VT Final Accounts July 2024 T. E. REYNOLDS FCA No description of principal activity 03497252 2022-06-01 2023-05-31 03497252 core:WithinOneYear 2023-05-31 03497252 core:ShareCapital 2023-05-31 03497252 core:RetainedEarningsAccumulatedLosses 2023-05-31 03497252 2023-06-01 2024-05-31 03497252 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03497252 bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 03497252 bus:Director40 2023-06-01 2024-05-31 03497252 1 2023-06-01 2024-05-31 03497252 2 2023-06-01 2024-05-31 03497252 core:PlantMachinery 2023-06-01 2024-05-31 03497252 countries:England 2023-06-01 2024-05-31 03497252 bus:FRS102 2023-06-01 2024-05-31 03497252 bus:FilletedAccounts 2023-06-01 2024-05-31 03497252 2024-05-31 03497252 core:WithinOneYear 2024-05-31 03497252 core:ShareCapital 2024-05-31 03497252 core:RetainedEarningsAccumulatedLosses 2024-05-31 03497252 core:PlantMachinery 2024-05-31 03497252 2023-05-31 03497252 core:PlantMachinery 2023-05-31 iso4217:GBP xbrli:pure