REGISTERED NUMBER: 07480779 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

KMI Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K F McDonnell

Mrs J C McDonnell

REGISTERED OFFICE:

202 Merlin Park

Ringtail Road

Burscough

Ormskirk

Lancashire

L40 8JY

REGISTERED NUMBER:

07480779 (England and Wales)

ACCOUNTANTS:

Sawyer Quine & Co

Chartered Certified Accountants

202 Merlin Park

Ringtail Road

Burscough

Ormskirk

Lancashire

L40 8JY

FIXED ASSETS

Tangible assets

4

39,017

19,305

Investments

5

46,322

46,322

Investment property

6

80,000

231,030

165,339

296,657

CURRENT ASSETS

Debtors

7

33,342

54,842

Cash at bank

872,825

827,147

906,167

881,989

CREDITORS

Amounts falling due within one year

8

98,085

131,214

NET CURRENT ASSETS

808,082

750,775

TOTAL ASSETS LESS CURRENT LIABILITIES

973,421

1,047,432

PROVISIONS FOR LIABILITIES

482

711

NET ASSETS

972,939

1,046,721

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

972,919

1,046,701

SHAREHOLDERS' FUNDS

972,939

1,046,721

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 23 September 2025 and were signed on its behalf by:

K F McDonnell - Director

1.	STATUTORY INFORMATION

KMI Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

61,644

Additions

44,500

Disposals

(48,850

)

At 31 December 2024

57,294

DEPRECIATION

At 1 January 2024

42,339

Charge for year

12,576

Eliminated on disposal

(36,638

)

At 31 December 2024

18,277

NET BOOK VALUE

At 31 December 2024

39,017

At 31 December 2023

19,305

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

46,322

NET BOOK VALUE

At 31 December 2024

46,322

At 31 December 2023

46,322

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

231,030

Disposals

(151,030

)

At 31 December 2024

80,000

NET BOOK VALUE

At 31 December 2024

80,000

At 31 December 2023

231,030

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

29,859

47,686

Other debtors

3,483

7,156

33,342

54,842

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Taxation and social security

79,998

129,328

Other creditors

18,087

1,886

98,085

131,214

9.	RELATED PARTY DISCLOSURES

Included within creditors: - amounts falling due within one year is an amount of £16,925 (2023: - £1,734) which is owed to the company directors. This loan is provided on an interest free basis and is repayable on demand.

Dividends of £148,000 (2023: - £154,000) were paid to the company directors.

10.	ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of the director holding office, Mr K F McDonnell.