Company No: 08650965 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	39,941		43,645
Tangible assets	4	88,929		68,276
		128,870		111,921
Current assets
Debtors	5	125,824		47,501
Cash at bank and in hand		0		36,641
		125,824		84,142
Creditors: amounts falling due within one year	6	( 80,394)		( 12,618)
Net current assets		45,430		71,524
Total assets less current liabilities		174,300		183,445
Provision for liabilities		( 28,065)		( 22,793)
Net assets		146,235		160,652
Capital and reserves
Called-up share capital		1		1
Profit and loss account		146,234		160,651
Total shareholder's funds		146,235		160,652

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of KDC Group Services Limited (registered number: 08650965) were approved and authorised for issue by the Board of Directors on 22 April 2025. They were signed on its behalf by:

P Burden Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

KDC Group Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Building 307 Aviation Park West, Bournemouth Airport, Christchurch, BH23 6NW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

5 years straight line

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery etc.

2 - 6.67 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	8		4

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 January 2024	230,228		230,228
Additions	11,996		11,996
At 31 December 2024	242,224		242,224
Accumulated amortisation
At 01 January 2024	186,583		186,583
Charge for the financial year	15,700		15,700
At 31 December 2024	202,283		202,283
Net book value
At 31 December 2024	39,941		39,941
At 31 December 2023	43,645		43,645

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2024	374,574		374,574
Additions	64,716		64,716
Disposals	( 10,270)		( 10,270)
At 31 December 2024	429,020		429,020
Accumulated depreciation
At 01 January 2024	306,298		306,298
Charge for the financial year	44,063		44,063
Disposals	( 10,270)		( 10,270)
At 31 December 2024	340,091		340,091
Net book value
At 31 December 2024	88,929		88,929
At 31 December 2023	68,276		68,276

5. Debtors

	2024		2023
	£		£
Trade debtors	47,726		2,326
Amounts owed by Group undertakings	19,304		13,615
Other debtors	58,794		31,560
	125,824		47,501

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank overdrafts	3,697		0
Trade creditors	41,410		9,524
Other taxation and social security	15,528		0
Other creditors	19,759		3,094
	80,394		12,618

7. Ultimate controlling party

Parent Company:

Kiwi Holdings Ltd