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REGISTERED NUMBER: 03714968 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 March 2025

for

KMK Compensators Limited

KMK Compensators Limited (Registered number: 03714968)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KMK Compensators Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: I J Turner
M Turner





SECRETARY: M Turner





REGISTERED OFFICE: 97 Storr Hill
Wyke
Bradford
West Yorkshire
BD12 8PQ





REGISTERED NUMBER: 03714968 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

KMK Compensators Limited (Registered number: 03714968)

Balance Sheet
31 March 2025

2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 29,583 44,377
Tangible assets 5 233,430 270,782
263,013 315,159

CURRENT ASSETS
Stocks 222,965 191,268
Debtors 6 2,261,345 2,051,302
Cash at bank and in hand 852,777 820,130
3,337,087 3,062,700
CREDITORS
Amounts falling due within one year 7 596,986 560,860
NET CURRENT ASSETS 2,740,101 2,501,840
TOTAL ASSETS LESS CURRENT LIABILITIES 3,003,114 2,816,999

CREDITORS
Amounts falling due after more than one year 8 (91,832 ) (105,664 )

PROVISIONS FOR LIABILITIES (44,378 ) (50,062 )
NET ASSETS 2,866,904 2,661,273

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,865,904 2,660,273
SHAREHOLDERS' FUNDS 2,866,904 2,661,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2025 and were signed on its behalf by:




I J Turner - Director



M Turner - Director


KMK Compensators Limited (Registered number: 03714968)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

KMK Compensators Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 19 ) .

KMK Compensators Limited (Registered number: 03714968)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 April 2024
and 31 March 2025 147,935
AMORTISATION
At 1 April 2024 103,558
Charge for year 14,794
At 31 March 2025 118,352
NET BOOK VALUE
At 31 March 2025 29,583
At 31 March 2024 44,377

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2024 548,408
Additions 42,115
Disposals (18,369 )
At 31 March 2025 572,154
DEPRECIATION
At 1 April 2024 277,626
Charge for year 76,470
Eliminated on disposal (15,372 )
At 31 March 2025 338,724
NET BOOK VALUE
At 31 March 2025 233,430
At 31 March 2024 270,782

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
At 1 April 2024
and 31 March 2025 140,649
DEPRECIATION
At 1 April 2024 35,162
Charge for year 26,372
At 31 March 2025 61,534
NET BOOK VALUE
At 31 March 2025 79,115
At 31 March 2024 105,487

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors 424,643 456,956
Amounts owed by group undertakings 1,117,940 1,117,940
Other debtors 718,762 476,406
2,261,345 2,051,302

KMK Compensators Limited (Registered number: 03714968)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Hire purchase contracts (see note 9) 13,832 13,832
Trade creditors 142,659 76,835
Taxation and social security 364,092 399,765
Other creditors 76,403 70,428
596,986 560,860

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£ £
Hire purchase contracts (see note 9) 91,832 105,664

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£ £
Net obligations repayable:
Within one year 13,832 13,832
Between one and five years 91,832 105,664
105,664 119,496

Non-cancellable
operating leases
2025 2024
£ £
Within one year 5,257 2,396
Between one and five years 7,885 -
13,142 2,396

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£ £
I J Turner and M Turner
Balance outstanding at start of year 340,034 173,326
Amounts advanced 178,249 166,708
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 518,283 340,034

Interest has been charged on the loan at a rate of 2.25% per annum.

11. RELATED PARTY DISCLOSURES

During the year the company has paid £48,000 (2024 - £48,000) rent at market value to the directors' pension scheme.




12. ULTIMATE CONTROLLING PARTY

The company's parent undertaking is IM Turner Holdings Limited, registered office 97 Storr Hill, Wyke, Bradford, West Yorkshire, BD12 8PQ.