KD Joinery Services Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

KD Joinery Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11558666 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.

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. 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.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of five years.

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:

Plant and machinery	25% Reducing Balance
Motor vehicles	25% Reducing Balance
Fixtures and fittings	25% Reducing Balance
Computer equipment	33% Reducing Balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. 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.

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KD Joinery Services Ltd

Notes to the Financial Statements (continued)

For the Period 30 September 2023 to 29 March 2025

2.7. Financial Instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2.8. 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 period was: 2 (2023: 2)

4. Intangible Assets

	Goodwill
	£
Cost
As at 30 September 2023	23,000

As at 29 March 2025	23,000

Amortisation
As at 30 September 2023	23,000

As at 29 March 2025	23,000

Net Book Value
As at 29 March 2025	-

As at 30 September 2023	-

5. Tangible Assets

	Plant and machinery	Motor vehicles	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£
Cost
As at 30 September 2023	3,606	3,500	420	1,839	9,365
Additions	-	61,967	-	-	61,967

As at 29 March 2025	3,606	65,467	420	1,839	71,332

Depreciation
As at 30 September 2023	2,445	2,669	307	1,308	6,729
Provided during the period	399	21,587	39	234	22,259

As at 29 March 2025	2,844	24,256	346	1,542	28,988

...CONTINUED

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KD Joinery Services Ltd

Notes to the Financial Statements (continued)

For the Period 30 September 2023 to 29 March 2025

Net Book Value
As at 29 March 2025	762	41,211	74	297	42,344

As at 30 September 2023	1,161	831	113	531	2,636

6. Debtors

	29 March 2025	29 September 2023
	£	£
Due within one year
Trade debtors	47,882	2,217
Other debtors	17,584	43,028

	65,466	45,245

7. Creditors: Amounts Falling Due Within One Year

	29 March 2025	29 September 2023
	£	£
Trade creditors	42,700	1,741
Bank loans and overdrafts	5,384	4,000
Other creditors	57,956	3,401
Taxation and social security	36,310	24,852

	142,350	33,994

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

	29 March 2025	29 September 2023
	£	£
Bank loans	-	6,928

9. Share Capital

	29 March 2025	29 September 2023
	£	£
Allotted, Called up and fully paid	2	2

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	29 March 2025	29 September 2023
	£	£
Not later than one year	14,708	7,035
Later than one year and not later than five years	28,779	18,329

	43,487	25,364

11. Directors Advances, Credits and Guarantees

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

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KD Joinery Services Ltd

Notes to the Financial Statements (continued)

For the Period 30 September 2023 to 29 March 2025

12. Related Party Transactions

The following related party transactions were undertaken during the year:

During the period directors introduced capital of £223,674 (2023: £83,482) and received advances of £166,845 (2023: £83,482). At the balance sheet date the amounts owed to the directors totalled £56,831 (2023: £1).

Dividends were paid to the directors in respect of their shareholdings totalling £70,000 (2023: £78,808).

The aggregate remuneration paid to key management personnel for the year was £18,200, (2023: 18,252).

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'.

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		29 March 2025		29 September 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		42,344		2,636

			42,344		2,636
CURRENT ASSETS
Debtors	6	65,466		45,245
Cash at bank and in hand		165,409		25,861

		230,875		71,106
Creditors: Amounts Falling Due Within One Year	7	(142,350 )		(33,994 )

NET CURRENT ASSETS (LIABILITIES)			88,525		37,112

TOTAL ASSETS LESS CURRENT LIABILITIES			130,869		39,748

Creditors: Amounts Falling Due After More Than One Year	8		-		(6,928 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(10,586 )		(659 )

NET ASSETS			120,283		32,161

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			120,281		32,159

SHAREHOLDERS' FUNDS			120,283		32,161