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Company Registration No. 05541228 (England and Wales)
KD Bros. Limited Unaudited accounts for the year ended 31 August 2024
KD Bros. Limited Unaudited accounts Contents
Page
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KD Bros. Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,714,857 
4,712,011 
Current assets
Debtors
295,158 
394,973 
Cash at bank and in hand
2,594,664 
1,625,335 
2,889,822 
2,020,308 
Creditors: amounts falling due within one year
(1,150,417)
(1,262,978)
Net current assets
1,739,405 
757,330 
Total assets less current liabilities
6,454,262 
5,469,341 
Creditors: amounts falling due after more than one year
(380,981)
(524,334)
Provisions for liabilities
Deferred tax
(190,740)
(150,338)
Net assets
5,882,541 
4,794,669 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
5,881,541 
4,793,669 
Shareholders' funds
5,882,541 
4,794,669 
For the year ending 31 August 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by
H Singh Bhambra Director Company Registration No. 05541228
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KD Bros. Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
KD Bros. Limited is a private company, limited by shares, registered in England and Wales, registration number 05541228. The registered office is 5 Hope Road, Off Regent Street, Leeds, West Yorkshire, LS9 7DU.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land & buildings
NIL
Plant & machinery
25% reducing balance basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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KD Bros. Limited Notes to the Accounts for the year ended 31 August 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants
Government grants in relation to the Coronavirus are credited to profit and loss account under the accrual method.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2023
386,000 
At 31 August 2024
386,000 
Amortisation
At 1 September 2023
386,000 
At 31 August 2024
386,000 
Net book value
At 31 August 2024
- 
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KD Bros. Limited Notes to the Accounts for the year ended 31 August 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
4,075,994 
2,423,684 
6,499,678 
Additions
- 
329,006 
329,006 
Disposals
(151,752)
- 
(151,752)
At 31 August 2024
3,924,242 
2,752,690 
6,676,932 
Depreciation
At 1 September 2023
6,000 
1,781,667 
1,787,667 
Charge for the year
- 
174,408 
174,408 
At 31 August 2024
6,000 
1,956,075 
1,962,075 
Net book value
At 31 August 2024
3,918,242 
796,615 
4,714,857 
At 31 August 2023
4,069,994 
642,017 
4,712,011 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
355,121 
292,141 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
200,572 
310,758 
Accrued income and prepayments
94,586 
84,215 
295,158 
394,973 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
47,364 
452,669 
Obligations under finance leases and hire purchase contracts
68,124 
38,203 
Trade creditors
280,887 
43,083 
Taxes and social security
457,242 
449,015 
Other creditors
296,800 
280,008 
1,150,417 
1,262,978 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
187,431 
387,441 
Obligations under finance leases and hire purchase contracts
193,550 
136,893 
380,981 
524,334 
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KD Bros. Limited Notes to the Accounts for the year ended 31 August 2024
9
Contingent liabilities
Santander UK PLC hold a fixed and floating charge over assets of the company. At the year end a loan of £234,795 was due to Santander UK PLC.
10
Controlling party
The ultimate parent company is KD Asset Holdings Limited. The registered office of KD Asset Holdings Limited is 5 Hope Road, Regent Street, Leeds, LS9 7DU
11
Average number of employees
During the year the average number of employees was 39 (2023: 36).
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