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REGISTERED NUMBER: 08525311 (England and Wales)















KDL GROUP (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






KDL GROUP (UK) LIMITED (REGISTERED NUMBER: 08525311)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KDL GROUP (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: G L Dyson
K Dyson





REGISTERED OFFICE: Oakfield Farm
Threaphurst Lane
Hazel Grove
Stockport
SK7 6NN





REGISTERED NUMBER: 08525311 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

KDL GROUP (UK) LIMITED (REGISTERED NUMBER: 08525311)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,748 5,622
Tangible assets 5 976,474 979,556
Investments 6 1 1
980,223 985,179

CURRENT ASSETS
Stocks 699,881 701,881
Debtors 7 182,194 110,656
Cash at bank 173,128 181,582
1,055,203 994,119
CREDITORS
Amounts falling due within one year 8 918,307 921,127
NET CURRENT ASSETS 136,896 72,992
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,117,119

1,058,171

CREDITORS
Amounts falling due after more than one
year

9

(440,767

)

(427,830

)

PROVISIONS FOR LIABILITIES 11 (88,435 ) (85,784 )
NET ASSETS 587,917 544,557

CAPITAL AND RESERVES
Called up share capital 12 2 2
Retained earnings 587,915 544,555
SHAREHOLDERS' FUNDS 587,917 544,557

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 directors acknowledge their 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.

KDL GROUP (UK) LIMITED (REGISTERED NUMBER: 08525311)

BALANCE SHEET - continued
31 MAY 2024


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 Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





G L Dyson - Director


KDL GROUP (UK) LIMITED (REGISTERED NUMBER: 08525311)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

KDL Group (UK) 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.

The financial statements are presented in Sterling (£).

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Preparation of consolidated financial statements
The financial statements contain information about KDL Group (UK) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


KDL GROUP (UK) LIMITED (REGISTERED NUMBER: 08525311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 5 ) .

KDL GROUP (UK) LIMITED (REGISTERED NUMBER: 08525311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 7,496
AMORTISATION
At 1 June 2023 1,874
Charge for year 1,874
At 31 May 2024 3,748
NET BOOK VALUE
At 31 May 2024 3,748
At 31 May 2023 5,622

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2023 670,108 367,971 2,232
Additions - 867 -
Disposals - - -
At 31 May 2024 670,108 368,838 2,232
DEPRECIATION
At 1 June 2023 38,357 102,100 1,106
Charge for year 13,404 26,596 472
Eliminated on disposal - - -
At 31 May 2024 51,761 128,696 1,578
NET BOOK VALUE
At 31 May 2024 618,347 240,142 654
At 31 May 2023 631,751 265,871 1,126

KDL GROUP (UK) LIMITED (REGISTERED NUMBER: 08525311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 171,744 10,577 1,222,632
Additions 69,319 - 70,186
Disposals (47,210 ) - (47,210 )
At 31 May 2024 193,853 10,577 1,245,608
DEPRECIATION
At 1 June 2023 94,107 7,406 243,076
Charge for year 17,263 1,173 58,908
Eliminated on disposal (32,850 ) - (32,850 )
At 31 May 2024 78,520 8,579 269,134
NET BOOK VALUE
At 31 May 2024 115,333 1,998 976,474
At 31 May 2023 77,637 3,171 979,556

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023 73,250
Additions 69,319
At 31 May 2024 142,569
DEPRECIATION
At 1 June 2023 20,601
Charge for year 14,606
At 31 May 2024 35,207
NET BOOK VALUE
At 31 May 2024 107,362
At 31 May 2023 52,649

KDL GROUP (UK) LIMITED (REGISTERED NUMBER: 08525311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 June 2023
and 31 May 2024 1
NET BOOK VALUE
At 31 May 2024 1
At 31 May 2023 1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Marsland Chassis Limited
Registered office: Oakfield Farm Threaphurst Lane, Hazel Grove, Stockport, Cheshire, United Kingdom, SK7 6NN
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 1 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 382,194 107,132
Deferred Income (200,000 ) 3,524
182,194 110,656

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 33,482 33,482
Hire purchase contracts 24,269 10,405
Trade creditors 289,887 260,307
Corporation tax 20,657 15,632
Social security and other taxes (1,351 ) (572 )
VAT 1,191 11,080
Other creditors 1,962 2,981
Directors' current accounts 544,587 584,373
Accrued expenses 3,623 3,439
918,307 921,127

Included in Other creditors are outstanding pension contributions of- £174.24 (2023: £174.24).

KDL GROUP (UK) LIMITED (REGISTERED NUMBER: 08525311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-5 years 75,849 93,302
Bank loans more 5 yr by instal 272,919 285,557
Hire purchase contracts 91,999 48,971
440,767 427,830

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 272,919 285,557

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 382,250 412,341
Hire purchase contracts 116,268 59,376
498,518 471,717

Bank loans are secured on the assets of the company.

Hire purchase is secured on the relevant assets.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 88,435 85,784

Deferred
tax
£   
Balance at 1 June 2023 85,784
Provided during year 2,651
Balance at 31 May 2024 88,435

The provision for deferred tax relates entirely to accelerated capital allowances.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

KDL GROUP (UK) LIMITED (REGISTERED NUMBER: 08525311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


13. ULTIMATE CONTROLLING PARTY

There is no overall ultimate controlling party as the 2 shareholders each hold 50% of the ordinary share capital.