KDM Solutions Ltd
Balance Sheet
as at 31 December 2024
Registered Number: 08323847
Notes 2024 2023
£ £ £ £
Fixed assets
Intangible assets 3 - 13,762
Tangible assets 4 683,740 674,966
683,740 688,728
Current assets
Stocks and work in progress 39,880 32,272
Debtors 5 213,921 180,358
Cash at bank and in hand 747,359 541,033
1,001,160 753,663
Creditors: amounts falling due within one year 6 (554,245) (678,883)
Net current assets 446,915 74,780
Total assets less current liabilities 1,130,655 763,508
Creditors: amounts falling due after more than one year 7 (65,194) (98,376)
Provisions for liabilities (47,376) (41,657)
Net assets 1,018,085 623,475
Capital and reserves
Called up share capital 20 20
Profit and loss account 1,018,065 623,455
Shareholders' funds 1,018,085 623,475
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Clare Chapman
Director
Approved by the board on 17 September 2025
KDM Solutions Ltd
Notes to the accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Integral Features 8% Reducing Balance Basis
Leasehold land and buildings over the lease term
Plant and machinery 20% Reducing Balance Basis
Vehicles 25% Reducing Balance Basis
Fixtures, fittings, tools and equipment 20% Reducing Balance Basis
Office Equipment 25% Reducing Balance Basis
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 15 11
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 183,500
At 31 December 2024 183,500
Amortisation
At 1 January 2024 169,738
Provided during the year 13,762
At 31 December 2024 183,500
Net book value
At 31 December 2024 -
At 31 December 2023 13,762
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 185,410 805,070 124,813 1,115,293
Additions 38,397 83,730 20,450 142,577
Disposals - (7,798) - (7,798)
At 31 December 2024 223,807 881,002 145,263 1,250,072
Depreciation
At 1 January 2024 3,708 394,546 42,073 440,327
Charge for the year 6,714 97,063 25,797 129,574
On disposals - (3,569) - (3,569)
At 31 December 2024 10,422 488,040 67,870 566,332
Net book value
At 31 December 2024 213,385 392,962 77,393 683,740
At 31 December 2023 181,702 410,524 82,740 674,966
Freehold land and buildings: 2024 2023
£ £
Historical cost 223,807 181,702
Cumulative depreciation based on historical cost 10,422 -
213,385 181,702
5 Debtors 2024 2023
£ £
Trade debtors 212,966 173,620
Other debtors 955 6,738
213,921 180,358
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 31,175 35,848
Obligations under finance lease and hire purchase contracts 8,295 8,295
Trade creditors 144,870 242,737
Taxation and social security costs 299,661 76,732
Other creditors 70,244 315,271
554,245 678,883
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 52,899 79,160
Obligations under finance lease and hire purchase contracts 12,295 19,216
65,194 98,376
8 Controlling party
There is no untimate controlling party of the company.
9 Other information
KDM Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is: Champleys Accountants, Champleys Mews, Market Place, Pickering, YO18 7AE
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