Company registration number 10483940 (England and Wales)
KHFC ED LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
KHFC ED LTD
COMPANY INFORMATION
Director
R B Lane
Company number
10483940
Registered office
221 Hagley Road
Hayley Green
Halesowen
West Midlands
B63 1ED
Accountants
Jerroms GCN Limited
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
KHFC ED LTD
CONTENTS
Page
Accountants' report
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 7
KHFC ED LTD
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF KHFC ED LTD
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of KHFC ED Ltd for the Period ended 30 June 2024 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the board of directors of KHFC ED Ltd, as a body, in accordance with the terms of our engagement letter dated 8 January 2024. Our work has been undertaken solely to prepare for your approval the financial statements of KHFC ED Ltd and state those matters that we have agreed to state to the board of directors of KHFC ED Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KHFC ED Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that KHFC ED Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of KHFC ED Ltd. You consider that KHFC ED Ltd is exempt from the statutory audit requirement for the Period.

We have not been instructed to carry out an audit or a review of the financial statements of KHFC ED Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Jerroms GCN Limited
Chartered Certified Accountants
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
23 January 2025
KHFC ED LTD
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024
30 June 2024
- 2 -
30 June 2024
31 May 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
56,163
63,836
Current assets
Debtors
4
146,462
43,499
Cash at bank and in hand
19,756
7,282
166,218
50,781
Creditors: amounts falling due within one year
5
(277,478)
(266,676)
Net current liabilities
(111,260)
(215,895)
Total assets less current liabilities
(55,097)
(152,059)
Creditors: amounts falling due after more than one year
6
(13,931)
-
0
Net liabilities
(69,028)
(152,059)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(69,128)
(152,159)
Total equity
(69,028)
(152,059)
KHFC ED LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024
30 June 2024
- 3 -

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial Period ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 23 January 2025
R B Lane
Director
Company registration number 10483940 (England and Wales)
KHFC ED LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
- 4 -
1
Accounting policies
Company information

KHFC ED Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 221 Hagley Road, Hayley Green, Halesowen, West Midlands, B63 1ED.

1.1
Reporting period

The company has extended its accounting reference date by one month to bring it in line with associated companies, as a result the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The financial truestatements have been prepared on a going concern basis, the validity of which depends upon the future support of participating interests. In the opinion of the directors, this support will be available such that the company will continue in operational existence for the foreseeable future.

 

1.4
Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

KHFC ED LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 5 -
1.5
Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

 

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

 

Depreciation is charged so as to allocate the cost of the assets less their residual value over their estimated useful lives.

 

Depreciation is provided on the following basis:

 

    Plant and machinery        -        10-33%        on cost    

 

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

 

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

1.6
Retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

1.7
Leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2024
2023
Number
Number
Total
7
8
KHFC ED LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
- 6 -
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 June 2023
82,608
Additions
9,165
At 30 June 2024
91,773
Depreciation and impairment
At 1 June 2023
18,772
Depreciation charged in the Period
16,838
At 30 June 2024
35,610
Carrying amount
At 30 June 2024
56,163
At 31 May 2023
63,836
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
55,126
17,805
Amounts owed by undertakings in which the company has a participating interest
32,865
12,209
Other debtors
12,995
1,116
Prepayments and accrued income
45,476
12,369
146,462
43,499

Amounts owed by participating interest do not bear interest, are unsecured and are repayable on demand.

5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
52,048
20,939
Amounts owed to undertakings in which the company has a participating interest
190,188
193,601
Taxation and social security
2,938
3,799
Other creditors
858
1,750
Accruals and deferred income
31,446
46,587
277,478
266,676

Amounts owed to participating interest do not bear interest, are unsecured and are repayable on demand.

KHFC ED LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
- 7 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
13,931
-
0
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
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