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REGISTERED NUMBER: 10078313 (England and Wales)















KMW Trading Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






KMW Trading Limited (Registered number: 10078313)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 5


KMW Trading Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs F K A Edwards
P A Edwards
Mrs S Muggleton
J L Muggleton



REGISTERED OFFICE: Keynsham Manor West
Manor Road
Saltford
Bristol
BS31 3AF



REGISTERED NUMBER: 10078313 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Lloyds Bank PLC
Cheddar Branch
PO Box 1000
BX1 1LT

KMW Trading Limited (Registered number: 10078313)

Abridged Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 726 -

CURRENT ASSETS
Stocks 4,743,289 4,026,315
Debtors 148,708 243,775
Cash at bank 24,459 43,130
4,916,456 4,313,220
CREDITORS
Amounts falling due within one year 2,231,284 2,287,245
NET CURRENT ASSETS 2,685,172 2,025,975
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,685,898

2,025,975

CREDITORS
Amounts falling due after more than one year 6 (1,502,855 ) (1,149,161 )

PROVISIONS FOR LIABILITIES (182 ) -
NET ASSETS 1,182,861 876,814

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,182,761 876,714
SHAREHOLDERS' FUNDS 1,182,861 876,814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

KMW Trading Limited (Registered number: 10078313)

Abridged Statement of Financial Position - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

KMW Trading Limited (Registered number: 10078313)

Abridged Statement of Financial Position - continued
30 June 2024



The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





P A Edwards - Director


KMW Trading Limited (Registered number: 10078313)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

KMW Trading 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery etc - 33% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

KMW Trading Limited (Registered number: 10078313)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 1,089
At 30 June 2024 1,089
DEPRECIATION
Charge for year 363
At 30 June 2024 363
NET BOOK VALUE
At 30 June 2024 726

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30.6.24 30.6.23
£    £   
Repayable otherwise than by instalments
Other loans 572,163 1,130,000

7. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 1,053,713 29,167
Other loans 572,163 1,130,000
1,625,876 1,159,167

The bank loan in the prior year was a government backed bounce back loan, which has been repaid in full during the current year.

The other loan relates to a loan from KMW Directors Pension Scheme and is secured on the leasehold land at Beaufighter Road.