Company Registration No. 12183587 (England and Wales)
Kmd Investments Ltd.
Unaudited accounts
for the year ended 31 December 2023
Kmd Investments Ltd.
Unaudited accounts
Contents
Kmd Investments Ltd.
Company Information
for the year ended 31 December 2023
Director
Karim Manssour Dahbi
Company Number
12183587 (England and Wales)
Registered Office
1 Stanton Avenue
Manchester
M20 2PG
England
Accountants
CLEARCUT ACCOUNTING LIMITED
SUITE 2 PARKWAY 5 PARKWAY BUSINESS CENT
300 PRINCESS ROAD
MANCHESTER
M14 7HR
Kmd Investments Ltd.
Statement of financial position
as at 31 December 2023
Intangible assets
2,929
3,333
Tangible assets
138,765
158,093
Investment property
368,040
-
Cash at bank and in hand
19,707
1,489
Creditors: amounts falling due within one year
(1,053,547)
(407,174)
Net current liabilities
(910,923)
(290,345)
Net liabilities
(401,189)
(128,919)
Called up share capital
1,000
1,000
Profit and loss account
(402,189)
(129,919)
Shareholders' funds
(401,189)
(128,919)
For the year ending 31 December 2023 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 director acknowledges his 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 and authorised for issue on 19 March 2025 and were signed on its behalf by
Karim Manssour Dahbi
Director
Company Registration No. 12183587
Kmd Investments Ltd.
Notes to the Accounts
for the year ended 31 December 2023
Kmd Investments Ltd. is a private company, limited by shares, registered in England and Wales, registration number 12183587. The registered office is 1 Stanton Avenue, Manchester, M20 2PG, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Intangible fixed assets are initially included at cost less accumulated amortisation and any accumulated impairment losses.
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:
Land & buildings
10% on cost
Plant & machinery
15% on Reducing Balance
Fixtures & fittings
15 % on Reducing Balance
Computer equipment
33% on cost
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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.
The director have assessed the company’s financial position and future prospects and have no reason to believe that the company will not continue in operational existence for the foreseeable future. Accordingly, the accounts are prepared on a going concern basis.
Kmd Investments Ltd.
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Other
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2023
105,950
39,121
28,801
4,771
178,643
Additions
-
-
623
1,005
1,628
At 31 December 2023
105,950
39,121
29,424
5,776
180,271
At 1 January 2023
9,836
4,852
3,611
2,251
20,550
Charge for the year
10,595
5,140
3,838
1,383
20,956
At 31 December 2023
20,431
9,992
7,449
3,634
41,506
At 31 December 2023
85,519
29,129
21,975
2,142
138,765
At 31 December 2022
96,114
34,269
25,190
2,520
158,093
At 31 December 2023
368,040
Amounts falling due within one year
Trade debtors
82,314
81,622
Accrued income and prepayments
12,052
12,210
Other debtors
11,199
11,233
Kmd Investments Ltd.
Notes to the Accounts
for the year ended 31 December 2023
8
Creditors: amounts falling due within one year
2023
2022
Trade creditors
76,511
30,059
Taxes and social security
869
4,981
Other creditors
3,288
3,759
Loans from directors
966,426
359,242
9
Average number of employees
During the year the average number of employees was 8 (2022: 7).