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Company Registration No. 02993559 (England and Wales)
K.M. Software Systems Limited Unaudited accounts for the year ended 30 November 2024
K.M. Software Systems Limited Unaudited accounts Contents
Page
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K.M. Software Systems Limited Company Information for the year ended 30 November 2024
Directors
L Ricciardi E Andrade C Corner
Company Number
02993559 (England and Wales)
Registered Office
Unit 10 St George's Tower Hatley St George Sandy Beds SG19 3SH
Accountants
Blanche & Co 4E The Lanterns 16 Melbourn Street Royston Herts SG8 7BX
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K.M. Software Systems Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
33,048 
4,735 
Current assets
Debtors
86,435 
66,698 
Cash at bank and in hand
29,887 
32,197 
116,322 
98,895 
Creditors: amounts falling due within one year
(74,862)
(79,994)
Net current assets
41,460 
18,901 
Net assets
74,508 
23,636 
Capital and reserves
Called up share capital
10,000 
10,000 
Share premium
20,700 
20,700 
Profit and loss account
43,808 
(7,064)
Shareholders' funds
74,508 
23,636 
For the year ending 30 November 2024 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 26 August 2025 and were signed on its behalf by
E Andrade Director Company Registration No. 02993559
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K.M. Software Systems Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
K.M. Software Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 02993559. The registered office is Unit 10 St George's Tower, Hatley St George, Sandy, Beds, SG19 3SH.
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.
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:
Computer equipment
33.3% Straight Line Basis
Other tangible fixed assets
33.3% Straight Line Basis
Deferred taxation
Deferred tax is recognised on temporary differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases, including amounts arising from R&D enhanced deductions. Deferred tax assets are recognised to the extent that it is probable that future taxable profits will be available against which the temporary differences can be utilised. Deferred tax is measured at the tax rates expected to apply when the timing differences reverse, based on rates enacted or substantively enacted at the balance sheet date. Deferred 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.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 December 2023
103,271 
Additions
33,701 
At 30 November 2024
136,972 
Depreciation
At 1 December 2023
98,536 
Charge for the year
5,388 
At 30 November 2024
103,924 
Net book value
At 30 November 2024
33,048 
At 30 November 2023
4,735 
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K.M. Software Systems Limited Notes to the Accounts for the year ended 30 November 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
30,058 
37,507 
Deferred tax asset
44,402 
Other debtors
11,975 
29,191 
86,435 
66,698 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
16,277 
21,129 
Trade creditors
5,704 
8,881 
Taxes and social security
7,840 
7,226 
Other creditors
778 
1,109 
Accruals
1,400 
- 
Deferred income
42,863 
41,649 
74,862 
79,994 
7
Average number of employees
During the year the average number of employees was 5 (2023: 7).
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