K & D POLISHING LIMITED - Filleted accounts

Registered number

12457637

K & D POLISHING LIMITED

Filleted Accounts

31 March 2025

K & D POLISHING LIMITED
Registered number:		12457637
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		21,976			28,228

Current assets
Stocks		3,880			-
Debtors	4	101,298			44,104
Cash at bank and in hand		39,552			122,349
		144,730			166,453

Creditors: amounts falling due within one year	5	(58,822)			(78,496)

Net current assets			85,908			87,957

Total assets less current liabilities			107,884			116,185

Creditors: amounts falling due after more than one year	6		(25,833)			(30,833)



Net assets			82,051			85,352

Capital and reserves
Called up share capital			100			100
Profit and loss account			81,951			85,252

Shareholders' funds			82,051			85,352

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.




Irma Daraselia
Director
Approved by the board on 31 October 2025

K & D POLISHING LIMITED
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	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.

	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:

	Plant and machinery			over 5 years

	Debtors
	Short term debtors are measured at transaction 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.

	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.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		3


3	Tangible fixed assets
				Land and buildings		Plant and machinery etc		Total
£					£		£
	Cost
	At 1 April 2024			6,830		40,131		46,961
	Additions			-		1,575		1,575
	At 31 March 2025			6,830		41,706		48,536

	Depreciation
	At 1 April 2024			1,366		17,367		18,733
	Charge for the year			1,366		6,461		7,827
	At 31 March 2025			2,732		23,828		26,560

	Net book value
	At 31 March 2025			4,098		17,878		21,976
	At 31 March 2024			5,464		22,764		28,228


4	Debtors					2025		2024
£							£

	Trade debtors					93,729		41,080
	Other debtors					7,569		3,024
						101,298		44,104


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					5,000		5,000
	Trade creditors					4,493		598
	Taxation and social security costs					32,103		57,072
	Other creditors					17,226		15,826
						58,822		78,496


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans (secured)					25,833		30,833


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Irma Daraselia
	Loan 1	6,000		-		-		6,000

		6,000		-		-		6,000

	The Directopr's loan was repaid in September 2025.


8	Controlling party

	The company was under the ultimate control of its director by virtue of her ownership, togetherwith associates, of the company’s entire issued share capital.


9	Other information

	K & D POLISHING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	9 Thornbury Way
	London
	E17 5FS