| KM Agricultural Spares Limited |
| Registered Number:02435258 |
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2025
KM Agricultural Spares Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
KM Agricultural Spares Limited
Statement of Financial Position
2024
2025
| Property, plant and equipment |
9,213
12,127
2
9,213
12,127
127,500
120,000
3
| Trade and other receivables |
142,784
116,977
4
92,744
| Cash and cash equivalents |
103,131
340,108
363,028
| Trade and other payables: amounts falling due within one year |
(230,272)
(257,589)
5
132,756
82,519
Net current assets
| Total assets less current liabilities |
91,732
144,883
| Trade and other payables: amounts falling due after more than one |
| year |
(40,984)
(27,315)
6
-
10,964
| Provisions for liabilities |
64,417
Net assets
114,863
1,000
1,000
19,800
19,800
43,617
94,063
64,417
114,863
Shareholders' funds
| For the year ended 31 March 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2025
KM Agricultural Spares Limited
Statement of Financial Position Continued
| Mr Mike Kilminster Director |
| These financial statements were approved and authorised for issue by the Board on 28 May 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2025
KM Agricultural Spares Limited
Notes to the Financial Statements
Statutory Information
| KM Agricultural Spares Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 02435258. |
Unit B and C
Bumpers Farm Industrial Est
Chippenham
Wiltshire
SN14 6LH
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
| Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act |
| 2006. The financial statements have been prepared under the historical costs convention as modified by the revaluation |
| of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| 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
Motor vehicles
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to sell.
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. |
Hire purchase and leasing commitments
| Property, plant and equipment acquired under finance leases or hire purchase agreements are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges are included in creditors. Rentals payable under operating leases are charged to the profit and loss account 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 for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 March 2025
KM Agricultural Spares Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
70,396
26,549
43,847
43,847
26,549
70,396
| Provision for depreciation and impairment |
58,269
16,786
41,483
Charge for year
2,914
2,441
473
61,183
19,227
41,956
1,891
7,322
9,213
2,364
9,763
12,127
2024
2025
120,000
127,500
| 4. Trade and other receivables |
2024
2025
96,366
129,456
20,611
13,328
142,784
116,977
| 5. Trade and other payables: amounts falling due within one year |
2024
2025
5,555
5,555
60,000
72,964
| Taxation and social security |
15,415
16,422
176,619
135,331
257,589
230,272
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For the year ended 31 March 2025
KM Agricultural Spares Limited
Notes to the Financial Statements Continued
| 6. Trade and other payables: amounts falling due after more than one year |
2024
2025
27,315
32,871
-
8,113
27,315
40,984
| 7. Guarantees and other financial commitments |
| At 31 March 2025 the company had annual commitments under non-cancellable operating leases as set out below: |
2024
2025
| Operating leases which expire: |
32,150
35,382
35,382
32,150
| 8. Average number of persons employed |
During the year the average number of employees was 9 (2024 : 10)
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