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REGISTERED NUMBER: 09056770 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

KMC COLLECTIONS LTD

KMC COLLECTIONS LTD (REGISTERED NUMBER: 09056770)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KMC COLLECTIONS LTD

COMPANY INFORMATION
for the Year Ended 31st May 2024







Directors: S Kapoor
Mrs C Jalota
Mrs A P Kapoor





Registered office: 2 Crabtree Avenue
Wilmslow
Cheshire
SK9 3UN





Registered number: 09056770 (England and Wales)





Accountants: DBF Associates
Chartered Accountants
South Cheetham B C
10 Park Place
Manchester
Lancashire
M4 4EY

KMC COLLECTIONS LTD (REGISTERED NUMBER: 09056770)

BALANCE SHEET
31st May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 130,606 92,163
Investments 5 115,000 39,000
245,606 131,163

Current assets
Stocks 74,851 82,965
Debtors 6 56,855 69,551
Cash at bank and in hand 301,308 247,950
433,014 400,466
Creditors
Amounts falling due within one year 7 292,174 263,281
Net current assets 140,840 137,185
Total assets less current liabilities 386,446 268,348

Creditors
Amounts falling due after more than one year 8 20,757 30,748
Net assets 365,689 237,600

Capital and reserves
Called up share capital 9 5 5
Retained earnings 365,684 237,595
Shareholders' funds 365,689 237,600

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

KMC COLLECTIONS LTD (REGISTERED NUMBER: 09056770)

BALANCE SHEET - continued
31st 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 27th February 2025 and were signed on its behalf by:





S Kapoor - Director


KMC COLLECTIONS LTD (REGISTERED NUMBER: 09056770)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2024

1. Statutory information

Kmc Collections Ltd 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

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 6 (2023 - 7 ) .

4. Tangible fixed assets
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
Cost
At 1st June 2023 85,000 14,434 - 99,434
Additions - 3,856 45,987 49,843
At 31st May 2024 85,000 18,290 45,987 149,277
Depreciation
At 1st June 2023 - 7,271 - 7,271
Charge for year - 2,203 9,197 11,400
At 31st May 2024 - 9,474 9,197 18,671
Net book value
At 31st May 2024 85,000 8,816 36,790 130,606
At 31st May 2023 85,000 7,163 - 92,163

KMC COLLECTIONS LTD (REGISTERED NUMBER: 09056770)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st May 2024

5. Fixed asset investments
Loans to
associates
£   
At 1st June 2023 39,000
New in year 76,000
At 31st May 2024 115,000

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 56,855 59,994
Other debtors - 9,557
56,855 69,551

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 171,418 157,843
Taxation and social security 111,767 105,438
Other creditors 8,989 -
292,174 263,281

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 20,757 30,748

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 20,757 30,748

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5 Ordinary 1 5 5