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Registration number: 06352309

KAD Group Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

KAD Group Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

KAD Group Limited

Company Information

Director

Mr Richard John Broadbent

Company secretary

Lucy Broadbent

Registered office

Unit 4 Blenheim Park
Blenheim Road
Pocklington Industrial Estate
York
YO42 1NR

 

KAD Group Limited

(Registration number: 06352309)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

51,212

63,675

Tangible assets

5

4,745

12,503

 

55,957

76,178

Current assets

 

Stocks

6

132,475

195,920

Debtors

7

161,047

71,526

Cash at bank and in hand

 

64,557

103,613

 

358,079

371,059

Creditors: Amounts falling due within one year

8

(325,082)

(360,674)

Net current assets

 

32,997

10,385

Total assets less current liabilities

 

88,954

86,563

Provisions for liabilities

(13,375)

(16,658)

Net assets

 

75,579

69,905

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

75,479

69,805

Shareholders' funds

 

75,579

69,905

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 May 2025
 

 

KAD Group Limited

(Registration number: 06352309)
Balance Sheet as at 30 September 2024

.........................................
Mr Richard John Broadbent
Director

 

KAD Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 4 Blenheim Park
Blenheim Road
Pocklington Industrial Estate
York
YO42 1NR

These financial statements were authorised for issue by the director on 29 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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

KAD Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date 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

Office equipment

33% straight line

Motor vehicles

25% reducing balance

Other tangible assets

20% reducing balance

Leasehold improvements

33% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line

 

KAD Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Trademarks, patents and licences

10% straight line

Internally generated software development costs

10% straight line

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

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.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

 

KAD Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 the director) during the year, was 6 (2023 - 6).

 

KAD Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Intangible assets

Goodwill
 £

Trademarks, patents and licenses
 £

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 October 2023

10,000

13,333

108,901

132,234

At 30 September 2024

10,000

13,333

108,901

132,234

Amortisation

At 1 October 2023

9,750

11,667

47,142

68,559

Amortisation charge

250

1,333

10,880

12,463

At 30 September 2024

10,000

13,000

58,022

81,022

Carrying amount

At 30 September 2024

-

333

50,879

51,212

At 30 September 2023

250

1,666

61,759

63,675

 

KAD Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Tangible assets

Land and buildings
£

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2023

13,988

9,901

69,274

93,163

Additions

-

-

899

899

Disposals

(9,188)

(3,901)

(27,566)

(40,655)

At 30 September 2024

4,800

6,000

42,607

53,407

Depreciation

At 1 October 2023

11,801

9,151

59,708

80,660

Charge for the year

1,600

-

6,025

7,625

Eliminated on disposal

(9,188)

(3,151)

(27,284)

(39,623)

At 30 September 2024

4,213

6,000

38,449

48,662

Carrying amount

At 30 September 2024

587

-

4,158

4,745

At 30 September 2023

2,187

750

9,566

12,503

Included within the net book value of land and buildings above is £587 (2023 - £2,187) in respect of short leasehold land and buildings.
 

6

Stocks

2024
£

2023
£

Other inventories

132,475

195,920

7

Debtors

Current

2024
£

2023
£

Prepayments

7,268

5,526

Other debtors

153,779

66,000

 

161,047

71,526

 

KAD Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

91,757

62,755

Trade creditors

 

194,388

232,116

Taxation and social security

 

36,175

61,420

Accruals and deferred income

 

2,350

4,025

Other creditors

 

412

358

 

325,082

360,674

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

10

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

91,757

62,755

11

Related party transactions

Transactions with the director

2024

At 1 October 2023
£

Advances to director
£

At 30 September 2024
£

Mr Richard John Broadbent

Directors loan account

19,427

6,158

25,585

 

KAD Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

2023

At 1 October 2022
£

Advances to director
£

Repayments by director
£

At 30 September 2023
£

Mr Richard John Broadbent

Directors loan account

38,652

4,384

(23,609)

19,427