Kilo Developments Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14386937

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets			4,560		-

			4,560		-
CURRENT ASSETS
Stocks	4	753,865		618,910
Debtors	5	58,677		2,039
Cash at bank and in hand		55,585		9,516

		868,127		630,465
Creditors: Amounts Falling Due Within One Year	6	(1,106,286 )		(340,192 )

NET CURRENT ASSETS (LIABILITIES)			(238,159 )		290,273

TOTAL ASSETS LESS CURRENT LIABILITIES			(233,599 )		290,273

Creditors: Amounts Falling Due After More Than One Year	7		-		(397,019 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(45,792 )		(20,282 )

NET LIABILITIES			(279,391 )		(127,028 )

CAPITAL AND RESERVES
Called up share capital	9		3		3
Profit and Loss Account			(279,394 )		(127,031 )

SHAREHOLDERS' FUNDS			(279,391)		(127,028)

Page 1

Page 2

Kilo Developments Limited

Balance Sheet (continued)

As At 30 September 2024

For the year ending 30 September 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr K A Loughrey

Director

24 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Kilo Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14386937 . The registered office is 30 Shetland Close, Fearnhead, Warrington, Cheshire, WA2 0UW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

2.2. Going Concern Disclosure

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the accounts.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

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.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor vehicles

20% - reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Stocks

	2024	2023
	£	£
Work in progress	753,865	618,910

Page 3

Page 4

Kilo Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	22,732	-
Prepayments and accrued income	-	558
VAT	28,217	1,478
Other taxes and social security	7,728	-
Directors' loan accounts	-	3

	58,677	2,039

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	38,137	661
Other loans	652,418	-
Other creditors	403,577	337,731
Accruals and deferred income	1,610	1,800
Directors' loan accounts	10,544	-

	1,106,286	340,192

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Other loans	-	397,019

8. Secured Creditors

Charges dated 03 May 2023 are held against the loans and are secured against the assets to which they relates.

Of the creditors the following amounts are secured.

	2024		2023
	£		£
Other Creditors	652,418		397,019

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	3	3

10. Directors Advances, Credits and Guarantees

No director received advances, credits or guarantees during the current or previous accounting periods.

Page 4

Page 5

Kilo Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

11. Related Party Transactions

The following related party transactions were undertaken during the period:

A director introduced amounts totalling £14,423 and withrew amounts totalling £13,135 (2023: introduced amounts totalling £Nil and withdrew amounts totalling £1). At the balance sheet date, the director was owed £1,288 from the company (2023: the company was owed £1 from the director).

A director introduced amounts totalling £4,238 and withdrew amounts totalling £Nil (2023: introduced amounts totalling £Nil and withdrew amounts totalling £1). At the balance sheet date, the director was owed £4,237 from the company (2023: the company was owed £1 from the director).

A director introduced amounts totalling £5,020 and withdrew amounts totalling £Nil (2023: introduced amounts totalling £Nil and withdrew amounts totalling £1). At the balance sheet date, the director was owed £5,019 from the company (2023: the company was owed £1 from the director).

During the period, a company under common control provided loans totalling £28,066 and was repaid amounts totalling £11,969 (2023: provided loans totalling £347,208 and amounts of £9,500 were repaid). At the balance sheet date, the amount payable to the company totalled £353,827 (2023: £337,708).

During the period, a company under common controll provided loans totalling £20,000 and was repaid £nil. At the balance sheet date the amount payable to the company was £20,000.

No dividends were paid to the directors in respect of their shareholdings.

No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Page 5