27 false false false false false false false false false false true false false false false false false No description of principal activity 2024-03-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 05964664 2024-03-01 2025-02-28 05964664 2025-02-28 05964664 2024-02-29 05964664 2023-03-01 2024-02-29 05964664 2024-02-29 05964664 2023-02-28 05964664 bus:RegisteredOffice 2024-03-01 2025-02-28 05964664 bus:LeadAgentIfApplicable 2024-03-01 2025-02-28 05964664 bus:Director2 2024-03-01 2025-02-28 05964664 bus:Director3 2024-03-01 2025-02-28 05964664 bus:Director4 2024-03-01 2025-02-28 05964664 bus:Director5 2024-03-01 2025-02-28 05964664 bus:Director6 2024-03-01 2025-02-28 05964664 bus:CompanySecretary1 2024-03-01 2025-02-28 05964664 core:LandBuildings core:ShortLeaseholdAssets 2024-02-29 05964664 core:PlantMachinery 2024-02-29 05964664 core:FurnitureFittings 2024-02-29 05964664 core:LandBuildings core:ShortLeaseholdAssets 2025-02-28 05964664 core:PlantMachinery 2025-02-28 05964664 core:FurnitureFittings 2025-02-28 05964664 core:LandBuildings core:ShortLeaseholdAssets 2024-03-01 2025-02-28 05964664 core:PlantMachinery 2024-03-01 2025-02-28 05964664 core:FurnitureFittings 2024-03-01 2025-02-28 05964664 core:WithinOneYear 2025-02-28 05964664 core:WithinOneYear 2024-02-29 05964664 core:ShareCapital 2025-02-28 05964664 core:ShareCapital 2024-02-29 05964664 core:RetainedEarningsAccumulatedLosses 2025-02-28 05964664 core:RetainedEarningsAccumulatedLosses 2024-02-29 05964664 core:BetweenOneFiveYears 2025-02-28 05964664 core:BetweenOneFiveYears 2024-02-29 05964664 core:AcceleratedTaxDepreciationDeferredTax 2025-02-28 05964664 core:AcceleratedTaxDepreciationDeferredTax 2024-02-29 05964664 core:LandBuildings core:ShortLeaseholdAssets 2024-02-29 05964664 core:PlantMachinery 2024-02-29 05964664 core:FurnitureFittings 2024-02-29 05964664 bus:Director1 2024-03-01 2025-02-28 05964664 bus:SmallEntities 2024-03-01 2025-02-28 05964664 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 05964664 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 05964664 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 05964664 bus:FullAccounts 2024-03-01 2025-02-28 05964664 core:OtherDeferredTax 2025-02-28 05964664 core:OtherDeferredTax 2024-02-29 05964664 core:ComputerEquipment 2024-02-29 05964664 core:ComputerEquipment 2024-03-01 2025-02-28 05964664 core:ComputerEquipment 2025-02-28 05964664 bus:Director3 2025-02-28 05964664 bus:Director3 2024-02-29 05964664 bus:Director2 2025-02-28 05964664 bus:Director2 2024-02-29 05964664 core:Associate1 2024-03-01 2025-02-28 05964664 core:Associate2 2024-03-01 2025-02-28
COMPANY REGISTRATION NUMBER: 05964664
Kimm & Miller (UK) Ltd.
Filleted Unaudited Financial Statements
For the year ended
28 February 2025
Kimm & Miller (UK) Ltd.
Financial Statements
Year ended 28 February 2025
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
Kimm & Miller (UK) Ltd.
Officers and Professional Advisers
THE BOARD OF DIRECTORS
D A Kimm
R M Kimm
D A Reich
J Gawin
W Pegg
COMPANY SECRETARY
J Gawin
REGISTERED OFFICE
Unit E
Bedford Business Centre
Mile Road
Bedford
MK42 9TW
ACCOUNTANTS
Streets
Chartered Accountants
Potton House
Wyboston Lakes
Great North Road
Wyboston
Bedford
MK44 3BZ
BANKERS
HSBC UK
12 Allhallows
Bedford
MK40 1LJ
Kimm & Miller (UK) Ltd.
Statement of Financial Position
28 February 2025
2025
2024
Note
£
£
Fixed assets
Tangible assets
5
51,812
77,494
Current assets
Stocks
719,839
470,005
Debtors
6
1,094,573
610,431
Cash at bank and in hand
540,570
1,154,892
------------
------------
2,354,982
2,235,328
Creditors: amounts falling due within one year
7
849,981
825,230
------------
------------
Net current assets
1,505,001
1,410,098
------------
------------
Total assets less current liabilities
1,556,813
1,487,592
Provisions
Taxation including deferred tax
12,219
27,525
------------
------------
Net assets
1,544,594
1,460,067
------------
------------
Capital and reserves
Called up share capital
5
5
Profit and loss account
1,544,589
1,460,062
------------
------------
Shareholders funds
1,544,594
1,460,067
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Kimm & Miller (UK) Ltd.
Statement of Financial Position (continued)
28 February 2025
These financial statements were approved by the board of directors and authorised for issue on 27 June 2025 , and are signed on behalf of the board by:
D A Kimm
R M Kimm
Director
Director
Company registration number: 05964664
Kimm & Miller (UK) Ltd.
Notes to the Financial Statements
Year ended 28 February 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit E, Bedford Business Centre, Mile Road, Bedford, MK42 9TW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in GBP sterling, which is the presentational and functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Exceptional items
Exceptional items are disclosed separately in the financial statements in order to provide further understanding of the financial performance of the entity. They are material items of income or expense that have been shown separately because of their nature or amount.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the Statement of Income and Retained Earnings.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold improvements
-
Over the initial life of the lease
Plant and machinery
-
25% to 50% straight line per annum
Fixtures and fittings
-
25% straight line per annum
Computer equipment
-
25% straight line per annum
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Cost is based on the cost of purchase on a weighted average basis. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the statement of income and retained earnings.
Defined contribution pension plans
The company operates a defined contribution pension plan for its employees. Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided. Amounts not paid are shown as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 27 (2024: 26 ).
5. Tangible assets
Leasehold improvements
Plant and machinery
Fixtures and fittings
Computer equipment
Total
£
£
£
£
£
Cost
At 1 March 2024
13,143
59,766
39,176
166,107
278,192
Additions
750
4,573
5,323
Disposals
( 9,486)
( 8,838)
( 18,554)
( 36,878)
--------
--------
--------
---------
---------
At 28 February 2025
13,143
51,030
30,338
152,126
246,637
--------
--------
--------
---------
---------
Depreciation
At 1 March 2024
12,556
23,508
37,766
126,868
200,698
Charge for the year
587
14,215
751
15,452
31,005
Disposals
( 9,486)
( 8,838)
( 18,554)
( 36,878)
--------
--------
--------
---------
---------
At 28 February 2025
13,143
28,237
29,679
123,766
194,825
--------
--------
--------
---------
---------
Carrying amount
At 28 February 2025
22,793
659
28,360
51,812
--------
--------
--------
---------
---------
At 29 February 2024
587
36,258
1,410
39,239
77,494
--------
--------
--------
---------
---------
6. Debtors
2025
2024
£
£
Trade debtors
565,001
292,498
Amounts owed by group undertakings and undertakings in which the company has a participating interest
220,993
145,302
Other debtors
308,579
172,631
------------
---------
1,094,573
610,431
------------
---------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
664,614
180,164
Social security and other taxes
36,962
104,856
Other creditors
148,405
540,210
---------
---------
849,981
825,230
---------
---------
8. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2025
2024
£
£
Included in provisions
12,219
27,525
--------
--------
The deferred tax account consists of the tax effect of timing differences in respect of:
2025
2024
£
£
Accelerated capital allowances
12,954
19,374
Short term timing differences
( 735)
8,151
--------
--------
12,219
27,525
--------
--------
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2025
2024
£
£
Not later than 1 year
114,864
114,864
Later than 1 year and not later than 5 years
136,149
251,014
---------
---------
251,013
365,878
---------
---------
10. Pension commitments
The company operates a defined contribution pension scheme. The pension costs charge represents contributions payable by the company to the fund, which totalled £171,136 (2024: £133,954). At the reporting date there were outstanding pension contributions payable totalling £5,683 (2024: £5,826).
11. Directors' advances, credits and guarantees
At the reporting date the directors owed the following loan balances:
20252024
££
12. Related party transactions
During the year the company had the following transactions with a fellow group company, Kimm & Miller (Online) Ltd: Recharged costs to Kimm & Miller (Online) Ltd £476,756 (2024 £715,029). Recharged income from Kimm & Miller (Online) Ltd of £402,140 (2024 £603,866). During the year the company had the following transactions with a fellow group company, Kimm & Miller (Asia) Ltd: Purchases from Kimm & Miller (Asia) Ltd £2,127,607 (2024 £2,742,865). At the reporting date the company was owed the following balances by fellow group companies: Kimm & Miller (Online) Ltd: £220,993 (2024 £145,302).
13. Controlling party
The parent company is Kimm & Miller (Holdings) Ltd, a company incorporated in England and Wales. The Registered Office address is Unit E, Bedford Business Centre, Mile Road, Bedford, MK42 9TW. The ultimate controlling party is D A Reich .