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REGISTERED NUMBER: NI601380 (Northern Ireland)















KJM ELECTRICAL LTD

Unaudited Financial Statements for the Year Ended 30 November 2024






KJM ELECTRICAL LTD (REGISTERED NUMBER: NI601380)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


KJM ELECTRICAL LTD

Company Information
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Kenneth McMullan
Paul Murnin





REGISTERED OFFICE: 10 Inovation House Down Business Centre
46 Belfast Road
Downpatrick
Co. Down
BT30 9UP





REGISTERED NUMBER: NI601380 (Northern Ireland)





ACCOUNTANTS: Cooper Parry Advisory Limited
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

KJM ELECTRICAL LTD (REGISTERED NUMBER: NI601380)

Statement of Financial Position
30 NOVEMBER 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Intangible assets 5 50,950 59,441
Property, plant & equipment 6 269,024 188,310
319,974 247,751

CURRENT ASSETS
Inventories 50,957 25,037
Receivables: amounts falling due within
one year

7

1,284,687

1,184,450
Cash at bank 67,401 129,628
1,403,045 1,339,115
PAYABLES
Amounts falling due within one year 8 (686,201 ) (629,614 )
NET CURRENT ASSETS 716,844 709,501
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,036,818

957,252

PAYABLES
Amounts falling due after more than
one year

9

(101,400

)

(114,855

)

PROVISIONS FOR LIABILITIES (44,894 ) (36,756 )
NET ASSETS 890,524 805,641

CAPITAL AND RESERVES
Called up share capital 1,083 1,083
Capital redemption reserve (325 ) (325 )
Retained earnings 889,766 804,883
SHAREHOLDERS' FUNDS 890,524 805,641

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 November 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.

KJM ELECTRICAL LTD (REGISTERED NUMBER: NI601380)

Statement of Financial Position - continued
30 NOVEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:





Kenneth McMullan - Director


KJM ELECTRICAL LTD (REGISTERED NUMBER: NI601380)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

KJM Electrical Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The Financial Statements are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

The accounting policies detailed below have been applied consistently throughout the year.

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

Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Statement of Financial Position and amortised on a straight line basis over its economic useful life of 20 years, which is estimated to be the period during which benefits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.

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.

Property, plant and equipment
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. 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 charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant & machinery- 15% reducing balance
Fixtures & fittings- 25% reducing balance
Motor vehicles- 25% reducing balance

The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.


KJM ELECTRICAL LTD (REGISTERED NUMBER: NI601380)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

3. ACCOUNTING POLICIES - continued
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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Property, plant and equipment held under leasing and hire purchase arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Statement of Financial Position at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Income Statement.

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.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Finance costs
Finance costs are charged to the Income Statement over the term of the debt.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within current liabilities.

Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Income Statement annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Income Statement when received.

Share capital
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares are shown in equity as a deduction, net of tax, from the proceeds.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 27 ) .

KJM ELECTRICAL LTD (REGISTERED NUMBER: NI601380)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

5. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 December 2023
and 30 November 2024 169,828
AMORTISATION
At 1 December 2023 110,387
Amortisation for year 8,491
At 30 November 2024 118,878
NET BOOK VALUE
At 30 November 2024 50,950
At 30 November 2023 59,441

6. PROPERTY, PLANT & EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 December 2023 310,182 31,132 250,840 592,154
Additions 134,115 - - 134,115
At 30 November 2024 444,297 31,132 250,840 726,269
DEPRECIATION
At 1 December 2023 195,777 26,893 181,174 403,844
Charge for year 34,925 1,060 17,416 53,401
At 30 November 2024 230,702 27,953 198,590 457,245
NET BOOK VALUE
At 30 November 2024 213,595 3,179 52,250 269,024
At 30 November 2023 114,405 4,239 69,666 188,310

7. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade receivables 356,897 393,073
Amounts owed by group undertakings 664,773 441,996
Other receivables 263,017 349,381
1,284,687 1,184,450

8. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans & overdrafts 77,872 53,116
Hire purchase contracts 51,594 24,896
Trade payables 101,436 90,404
Taxation & social security 155,252 165,096
Other payables 300,047 296,102
686,201 629,614

KJM ELECTRICAL LTD (REGISTERED NUMBER: NI601380)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

8. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Bank loans, overdrafts and hire purchase liabilities are secured by a charge over the company assets. The director has provided a personal guarantee of £40,000 in respect of the company's bank borrowings.

9. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2024 2023
£ £
Bank loans 28,970 67,223
Hire purchase contracts 72,430 47,632
101,400 114,855

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 30 November 2024 the amount owed to the company by the director was £254,549 (2023: £349,381)

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. PARENT COMPANY

The company regards RKM Holdco Limited as its parent company.