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Registration number: 05828072

KDR INTERNATIONAL SHIPPING LIMITED

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2025

 

KDR INTERNATIONAL SHIPPING LIMITED

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

KDR INTERNATIONAL SHIPPING LIMITED

Company Information

Directors

Mr K Nandra

Mr R NANDRA

Registered office

63/66 Hatton Garden
5th Floor, Suite 23
London
EC1N 8LE

 

KDR INTERNATIONAL SHIPPING LIMITED

(Registration number: 05828072)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

-

5,440

Current assets

 

Debtors

5

117,392

98,506

Cash at bank and in hand

 

276

1,266

 

117,668

99,772

Creditors: Amounts falling due within one year

6

(151,363)

(95,134)

Net current (liabilities)/assets

 

(33,695)

4,638

Total assets less current liabilities

 

(33,695)

10,078

Creditors: Amounts falling due after more than one year

6

(13,918)

(24,042)

Net liabilities

 

(47,613)

(13,964)

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(47,614)

(13,965)

Shareholders' deficit

 

(47,613)

(13,964)

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 May 2025 and signed on its behalf by:
 

.........................................
Mr K Nandra
Director

 

KDR INTERNATIONAL SHIPPING LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

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:
63/66 Hatton Garden
5th Floor, Suite 23
London
EC1N 8LE
England

These financial statements were authorised for issue by the Board on 21 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Going concern

The financial statements have been prepared on a going concern basis. The company has the directors continued support.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

KDR INTERNATIONAL SHIPPING LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Tax

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.

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.

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

Furniture and fittings

20% straightline

Office equipment

20% straightline

Plant and machinery

20% straightline

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

KDR INTERNATIONAL SHIPPING LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

 

KDR INTERNATIONAL SHIPPING LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 March 2024

2,400

15,000

9,800

27,200

At 28 February 2025

2,400

15,000

9,800

27,200

Depreciation

At 1 March 2024

1,920

12,000

7,840

21,760

Charge for the year

480

3,000

1,960

5,440

At 28 February 2025

2,400

15,000

9,800

27,200

Carrying amount

At 28 February 2025

-

-

-

-

At 29 February 2024

480

3,000

1,960

5,440

5

Debtors

Current

2025
£

2024
£

Trade debtors

109,399

47,877

Other debtors

7,993

50,629

 

117,392

98,506

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

17,711

11,744

Trade creditors

 

65,679

81,012

Taxation and social security

 

784

378

Accruals and deferred income

 

2,000

2,000

Other creditors

 

65,189

-

 

151,363

95,134

Creditors: amounts falling due after more than one year

 

KDR INTERNATIONAL SHIPPING LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

13,918

24,042

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

13,918

24,042

Current loans and borrowings

2025
£

2024
£

Bank overdrafts

17,711

11,744

9

Related party transactions

 

KDR INTERNATIONAL SHIPPING LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

2025
£

2024
£

Remuneration

24,514

21,892