Company No: 11098023 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Robert Ayre
	Daniel Hales

REGISTERED OFFICE	24 Beaconsfield Drive Coddington
	Newark
	NG24 2RX
	United Kingdom

COMPANY NUMBER

11098023 (England and Wales)

ACCOUNTANT	Morrell Middleton Auditors Ltd Chartered Certified Accountants
	Wellington House
	Aviator Court
	York
	YO30 4UZ

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	241,888		308,719
		241,888		308,719
Current assets
Debtors	4	190,265		143,029
Cash at bank and in hand		29,288		96,391
		219,553		239,420
Creditors: amounts falling due within one year	5	( 212,230)		( 210,750)
Net current assets		7,323		28,670
Total assets less current liabilities		249,211		337,389
Creditors: amounts falling due after more than one year	6	( 99,112)		( 160,184)
Provision for liabilities	7, 8	( 60,472)		( 77,180)
Net assets		89,627		100,025
Capital and reserves
Called-up share capital	9	2,000		2,000
Profit and loss account		87,627		98,025
Total shareholders' funds		89,627		100,025

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 members have 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 KDR Powerlines Limited (registered number: 11098023) were approved and authorised for issue by the Board of Directors on 10 September 2025. They were signed on its behalf by:

Daniel Hales 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

KDR Powerlines 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 24 Beaconsfield Drive Coddington, Newark, NG24 2RX, 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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 or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.	3 years straight line
	25 % reducing balance

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	10		11

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2024	539,636		539,636
Additions	81,750		81,750
Disposals	( 63,161)		( 63,161)
At 31 December 2024	558,225		558,225
Accumulated depreciation
At 01 January 2024	230,917		230,917
Charge for the financial year	119,768		119,768
Disposals	( 34,348)		( 34,348)
At 31 December 2024	316,337		316,337
Net book value
At 31 December 2024	241,888		241,888
At 31 December 2023	308,719		308,719

4. Debtors

	2024		2023
	£		£
Trade debtors	159,513		86,956
Other debtors	30,752		56,073
	190,265		143,029

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	10,468		10,296
Trade creditors	7,667		32,980
Taxation and social security	50,226		15,007
Obligations under finance leases and hire purchase contracts	72,942		78,474
Other creditors	70,927		73,993
	212,230		210,750

6. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	5,197		15,487
Obligations under finance leases and hire purchase contracts	93,915		144,697
	99,112		160,184

There are no amounts included above in respect of which any security has been given by the small entity.

7. Provision for liabilities

	2024		2023
	£		£
Deferred tax	60,472		77,180

8. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	( 77,180)		( 57,311)
Credited/(charged) to the Statement of Income and Retained Earnings	16,708		( 19,869)
At the end of financial year	( 60,472)		( 77,180)

9. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each	1,000		1,000
1,000 Ordinary B shares of £ 1.00 each	1,000		1,000
	2,000		2,000