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REGISTERED NUMBER: 04778048 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

KM Industrial Products Limited

KM Industrial Products Limited (Registered number: 04778048)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KM Industrial Products Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Mrs L J Stafford-Pelham





SECRETARY: Mrs N J Bodmer-Tripp





REGISTERED OFFICE: 23 Mackintosh Road
Rackheath Industrial Estate
Norwich
Norfolk
NR13 6LJ





REGISTERED NUMBER: 04778048 (England and Wales)





ACCOUNTANTS: Shaw & Co
Chartered Certified Accountants
3 Colegate
Norwich
Norfolk
NR3 1BN

KM Industrial Products Limited (Registered number: 04778048)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 685,073 673,331
685,073 673,331

CURRENT ASSETS
Stocks 111,795 81,795
Debtors 6 164,893 230,087
Cash at bank 12,407 37,066
289,095 348,948
CREDITORS
Amounts falling due within one year 7 274,141 224,988
NET CURRENT ASSETS 14,954 123,960
TOTAL ASSETS LESS CURRENT
LIABILITIES

700,027

797,291

CREDITORS
Amounts falling due after more than
one year

8

(163,781

)

(203,919

)

PROVISIONS FOR LIABILITIES (162,542 ) (159,367 )
NET ASSETS 373,704 434,005

KM Industrial Products Limited (Registered number: 04778048)

Balance Sheet - continued
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 15 15
Revaluation reserve 9 44,234 44,234
Retained earnings 329,455 389,756
373,704 434,005

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 May 2025 and were signed by:





Mrs L J Stafford-Pelham - Director


KM Industrial Products Limited (Registered number: 04778048)

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

1. STATUTORY INFORMATION

KM Industrial Products 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. 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
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment - 5% reducing balance
Fixtures and fittings - 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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 balance sheet date.


KM Industrial Products Limited (Registered number: 04778048)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 3,715
AMORTISATION
At 1 December 2023
and 30 November 2024 3,715
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

KM Industrial Products Limited (Registered number: 04778048)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 1,242,714
Additions 66,021
Disposals (16,143 )
At 30 November 2024 1,292,592
DEPRECIATION
At 1 December 2023 569,383
Charge for year 41,836
Eliminated on disposal (3,700 )
At 30 November 2024 607,519
NET BOOK VALUE
At 30 November 2024 685,073
At 30 November 2023 673,331

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 156,638 184,495
Other debtors 8,255 45,592
164,893 230,087

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 36,511 14,315
Hire purchase contracts 67,680 67,680
Trade creditors 70,996 99,096
Taxation and social security 26,452 37,285
Other creditors 72,502 6,612
274,141 224,988

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans 163,781 203,919

KM Industrial Products Limited (Registered number: 04778048)

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

9. RESERVES
Revaluation
reserve
£   
At 1 December 2023
and 30 November 2024 44,234