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REGISTERED NUMBER: 06963816 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Kugel Motion Limited

Kugel Motion Limited (Registered number: 06963816)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kugel Motion Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr A O'Neill
Mrs L B D O'Neill
Mr K Ewing





SECRETARY: Mrs L B D O'Neill





REGISTERED OFFICE: The Fulcrum
Lows Lane
Ilkeston
Derbyshire
DE7 4RJ





REGISTERED NUMBER: 06963816 (England and Wales)





ACCOUNTANTS: TC Group
Cliffe Hill House
22-26 Nottingham Road
Stapleford
Nottingham
NG9 8AA

Kugel Motion Limited (Registered number: 06963816)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 301,991 176,718

CURRENT ASSETS
Stocks 166,954 109,922
Debtors 5 166,516 216,047
Cash at bank 39,314 62,203
372,784 388,172
CREDITORS
Amounts falling due within one year 6 458,016 319,017
NET CURRENT (LIABILITIES)/ASSETS (85,232 ) 69,155
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,759

245,873

CREDITORS
Amounts falling due after more than one
year

7

(134,882

)

(105,541

)

PROVISIONS FOR LIABILITIES (75,571 ) (44,180 )
NET ASSETS 6,306 96,152

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 6,303 96,149
SHAREHOLDERS' FUNDS 6,306 96,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

Kugel Motion Limited (Registered number: 06963816)

Balance Sheet - continued
31 December 2024


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 Statement of Income and Retained Earnings has not been delivered.

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




Mr A O'Neill - Director



Mr K Ewing - Director


Kugel Motion Limited (Registered number: 06963816)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Kugel Motion 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.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office Equipment - 25% on reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Kugel Motion Limited (Registered number: 06963816)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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.

Government grants
Income is recognised so as to match with the related expenses. Where grants are received in advance of the related expenses, they are recognised in accruals and deferred income on the balance sheet. Grants are recognised in the profit and loss account on recognition of certain milestones being achieved.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 600,273
Additions 226,974
At 31 December 2024 827,247
DEPRECIATION
At 1 January 2024 423,555
Charge for year 101,701
At 31 December 2024 525,256
NET BOOK VALUE
At 31 December 2024 301,991
At 31 December 2023 176,718

Kugel Motion Limited (Registered number: 06963816)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 January 2024 198,283
Additions 187,763
At 31 December 2024 386,046
DEPRECIATION
At 1 January 2024 153,102
Charge for year 58,236
At 31 December 2024 211,338
NET BOOK VALUE
At 31 December 2024 174,708
At 31 December 2023 45,181

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 142,807 192,802
Other debtors 23,709 23,245
166,516 216,047

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts (see note 8) 48,985 21,306
Trade creditors 42,431 89,397
Taxation and social security 16,375 26,728
Other creditors 350,225 181,586
458,016 319,017

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts (see note 8) 134,882 45,791
Other creditors - 59,750
134,882 105,541

Kugel Motion Limited (Registered number: 06963816)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.24 31.12.23
£    £   
Net obligations repayable:
Within one year 48,985 21,306
Between one and five years 134,882 45,791
183,867 67,097

Non-cancellable operating leases
31.12.24 31.12.23
£    £   
Between one and five years - 22,650

9. RELATED PARTY DISCLOSURES

At the balance sheet date £101,974 (2023 - £103,628) was owed to a company under common control.

10. HIRE PURCHASE

Amounts owed under hire purchase agreements are secured against the assets to which they relate.