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Logo On Report
Registered Number: 09306028
England and Wales

 

 

 

K & M HERD LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2023

End date: 30 November 2024
Directors Michelle Herd
Kevin Herd
Registered Number 09306028
Registered Office Corner House
Crawley Ridge, Camberley
Surrey
GU15 2AD
Accountants Ward Williams Creatives Limited
Belgrave House
39-43 Monument Hill
Weybridge
Surrey
KT13 8RN
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 39,895    25,388 
Investments 4 72,911    70,000 
112,806    95,388 
Current assets      
Debtors 5 269    248 
Cash at bank and in hand 143,757    153,459 
144,026    153,707 
Creditors: amount falling due within one year 6 (88,259)   (113,015)
Net current assets 55,767    40,692 
 
Total assets less current liabilities 168,573    136,080 
Provisions for liabilities 7 (8,861)  
Net assets 159,712    136,080 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 159,612    135,980 
Shareholders' funds 159,712    136,080 
 


For the year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 07 March 2025 and were signed on its behalf by:


-------------------------------
Michelle Herd
Director
2
General Information
K & M Herd Limited is a private company, limited by shares, registered in England and Wales, registration number 09306028, registration address Corner House, Crawley Ridge, Camberley, Surrey, GU15 2AD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts 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)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 15% Straight Line
Computer Equipment 33% Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 December 2023 45,418      2,195    17,832    65,445 
Additions   30,055        30,055 
Disposals        
At 30 November 2024 45,418    30,055    2,195    17,832    95,500 
Depreciation
At 01 December 2023 26,984      2,195    10,878    40,057 
Charge for year 4,609    7,514      3,425    15,548 
On disposals        
At 30 November 2024 31,593    7,514    2,195    14,303    55,605 
Net book values
Closing balance as at 30 November 2024 13,825    22,541      3,529    39,895 
Opening balance as at 01 December 2023 18,434        6,954    25,388 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 December 2023  
Additions 72,911    72,911 
Transfer to/from tangible fixed assets  
Disposals  
At 30 November 2024 72,911    72,911 

5.

Debtors: amounts falling due after one year

2024
£
  2023
£
Prepayments 269    248 
269    248 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Corporation Tax 19,410    23,578 
PAYE & Social Security 112    3,204 
Accrued Expenses   1,900 
Other Creditors 906    1,560 
Directors' Current Accounts 39,216    45,999 
Directors Loan Account 2 20,674    26,138 
VAT 7,941    10,636 
88,259    113,015 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 8,861   
8,861   

3