KM Autos Ltd 15362224 false 2023-12-19 2024-12-31 2024-12-31 The principal activity of the company is vehicle repair centre Digita Accounts Production Advanced 6.30.9574.0 true 15362224 2023-12-19 2024-12-31 15362224 2024-12-31 15362224 core:CurrentFinancialInstruments 2024-12-31 15362224 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 15362224 core:OfficeEquipment 2024-12-31 15362224 bus:SmallEntities 2023-12-19 2024-12-31 15362224 bus:AuditExemptWithAccountantsReport 2023-12-19 2024-12-31 15362224 bus:FilletedAccounts 2023-12-19 2024-12-31 15362224 bus:SmallCompaniesRegimeForAccounts 2023-12-19 2024-12-31 15362224 bus:RegisteredOffice 2023-12-19 2024-12-31 15362224 bus:Director1 2023-12-19 2024-12-31 15362224 bus:PrivateLimitedCompanyLtd 2023-12-19 2024-12-31 15362224 bus:Agent1 2023-12-19 2024-12-31 15362224 core:OfficeEquipment 2023-12-19 2024-12-31 15362224 countries:EnglandWales 2023-12-19 2024-12-31 iso4217:GBP xbrli:pure

Registration number: 15362224

KM Autos Ltd

Unaudited Filleted Financial Statements

for the Period from 19 December 2023 to 31 December 2024

 

KM Autos Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

KM Autos Ltd

Company Information

Director

Mr C Trayling

Registered office

Unit 8
193 Garth Road
Morden
Surrey
SM4 4LZ

Accountants

DG Accountancy Services Limited
Chartered Accountants17 Stonecot Hill
Sutton
Surrey
SM3 9HB

 

KM Autos Ltd

(Registration number: 15362224)
Balance Sheet as at 31 December 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

9,759

Current assets

 

Debtors

5

9,359

Cash at bank and in hand

 

9,341

 

18,700

Creditors: Amounts falling due within one year

6

(28,320)

Net current liabilities

 

(9,620)

Net assets

 

139

Capital and reserves

 

Called up share capital

100

Retained earnings

39

Shareholders' funds

 

139

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 May 2025
 

.........................................
Mr C Trayling
Director

   
     
 

KM Autos Ltd

Notes to the Unaudited Financial Statements for the Period from 19 December 2023 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 8
193 Garth Road
Morden
Surrey
SM4 4LZ

These financial statements were authorised for issue by the director on 7 May 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% on reducing balance

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

KM Autos Ltd

Notes to the Unaudited Financial Statements for the Period from 19 December 2023 to 31 December 2024

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

Additions

11,774

11,774

At 31 December 2024

11,774

11,774

Depreciation

Charge for the period

2,015

2,015

At 31 December 2024

2,015

2,015

Carrying amount

At 31 December 2024

9,759

9,759

5

Debtors

Current

2024
£

Trade debtors

8,206

Other debtors

1,153

 

9,359

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

14,226

Taxation and social security

910

Other creditors

13,184

28,320

7

Related party transactions

 

KM Autos Ltd

Notes to the Unaudited Financial Statements for the Period from 19 December 2023 to 31 December 2024

Director's remuneration

The director's remuneration for the period was as follows:

2024
£

Remuneration

6,396