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Company Registration No. 12455178 (England and Wales)
K & M DRYLINING AND INTERIORS LTD Unaudited accounts for the year ended 28 February 2025
K & M DRYLINING AND INTERIORS LTD Unaudited accounts Contents
Page
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K & M DRYLINING AND INTERIORS LTD Company Information for the year ended 28 February 2025
Directors
Daniel Kent Iain Maynard
Company Number
12455178 (England and Wales)
Registered Office
112-113 High Street LINCOLN LINCOLNSHIRE LN5 7PY UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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K & M DRYLINING AND INTERIORS LTD Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,526 
7,455 
Current assets
Debtors
60,592 
60,338 
Cash at bank and in hand
1,035 
2,532 
61,627 
62,870 
Creditors: amounts falling due within one year
(72,416)
(49,934)
Net current (liabilities)/assets
(10,789)
12,936 
Total assets less current liabilities
(4,263)
20,391 
Provisions for liabilities
Deferred tax
(3,430)
(3,676)
Net (liabilities)/assets
(7,693)
16,715 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(7,793)
16,615 
Shareholders' funds
(7,693)
16,715 
For the 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. 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 19 May 2025 and were signed on its behalf by
Daniel Kent Director Company Registration No. 12455178
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K & M DRYLINING AND INTERIORS LTD Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
K & M DRYLINING AND INTERIORS LTD is a private company, limited by shares, registered in England and Wales, registration number 12455178. The registered office is 112-113 High Street, LINCOLN, LINCOLNSHIRE, LN5 7PY, 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.
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:
Plant & machinery
25% Reducing balance
Motor vehicles
20% Reducing balance
Computer equipment
30% Reducing balance
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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K & M DRYLINING AND INTERIORS LTD Notes to the Accounts for the year ended 28 February 2025
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2024
4,891 
18,310 
915 
24,116 
At 28 February 2025
4,891 
18,310 
915 
24,116 
Depreciation
At 1 March 2024
3,343 
12,623 
695 
16,661 
Charge for the year
387 
476 
66 
929 
At 28 February 2025
3,730 
13,099 
761 
17,590 
Net book value
At 28 February 2025
1,161 
5,211 
154 
6,526 
At 29 February 2024
1,548 
5,687 
220 
7,455 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
654 
2,950 
Trade debtors
6,664 
9,072 
Other debtors
53,274 
48,316 
60,592 
60,338 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Trade creditors
1,543 
1,543 
Taxes and social security
15,908 
21,748 
Loans from directors
791 
(28,066)
Accruals
900 
6,393 
Deferred income
53,274 
48,316 
72,416 
49,934 
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K & M DRYLINING AND INTERIORS LTD Notes to the Accounts for the year ended 28 February 2025
7
Deferred taxation
2025 
2024 
£ 
£ 
Accelerated capital allowances
3,430 
3,676 
2025 
2024 
£ 
£ 
Provision at start of year
3,676 
4,769 
Credited to the profit and loss account
(246)
- 
Credited to other comprehensive income
- 
(1,093)
Provision at end of year
3,430 
3,676 
A deferred taxation reserve has been created of some £3,430 cumulative to date. This reserve will reverse in future periods creating a tax liability at the prevailing rate on the day.
8
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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