Company Registration No. 10555636 (England and Wales)
KMC FINANCIAL LTD
Unaudited accounts
for the year ended 31 March 2025
KMC FINANCIAL LTD
Unaudited accounts
Contents
KMC FINANCIAL LTD
Company Information
for the year ended 31 March 2025
Company Number
10555636 (England and Wales)
Registered Office
5 Birch Tree Gardens
East Grinstead
West Sussex
RH19 2BJ
United Kingdom
Accountants
Peats
Chartered Accountants
Alum House, Discovery Court
551-553 Wallisdown Road
Poole
BH12 5AG
KMC FINANCIAL LTD
Statement of financial position
as at 31 March 2025
Tangible assets
191,535
192,150
Cash at bank and in hand
206,132
161,275
Creditors: amounts falling due within one year
(211,375)
(204,518)
Net current assets
194,757
156,757
Net assets
386,292
348,907
Called up share capital
1
1
Profit and loss account
386,291
348,906
Shareholders' funds
386,292
348,907
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 May 2025 and were signed on its behalf by
Kevin Orchard
Director
Company Registration No. 10555636
KMC FINANCIAL LTD
Notes to the Accounts
for the year ended 31 March 2025
KMC FINANCIAL LTD is a private company, limited by shares, registered in England and Wales, registration number 10555636. The registered office is 5 Birch Tree Gardens, East Grinstead, West Sussex, RH19 2BJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the commissions received or receivable during the period.
The company contributes to defined contribution schemes for the benefit of its director and employees. Funds are held separately from those of the company and contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Office equipment - 25% reducing balance
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
187,688
11,094
198,782
At 31 March 2025
187,688
11,762
199,450
At 1 April 2024
-
6,632
6,632
Charge for the year
-
1,283
1,283
At 31 March 2025
-
7,915
7,915
At 31 March 2025
187,688
3,847
191,535
At 31 March 2024
187,688
4,462
192,150
KMC FINANCIAL LTD
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
200,000
200,000
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
4,083
-
Other creditors
2,352
2,352
Loans from directors
203,211
200,632
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 6 (2024: 5).