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Company Registration No. 07910423 (England and Wales)
KYN Services Ltd Unaudited accounts for the year ended 31 May 2025
KYN Services Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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KYN Services Ltd Company Information for the year ended 31 May 2025
Directors
Stefan Dascalu Cristina Dascalu
Company Number
07910423 (England and Wales)
Registered Office
Congress House 14 Lyon Road Harrow Middlesex HA1 2EN
Accountants
'Evolve Accounting and Tax Solutions Ltd' Congress House 14 Lyon Road Harrow Middlesex HA1 2EN
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KYN Services Ltd Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
186,375
63,734
Current assets
Inventories
5
50,106
65,727
Debtors
6
375,179
347,891
Cash at bank and in hand
428,703
198,127
853,988
611,745
Creditors: amounts falling due within one year
7
(777,897)
(325,399)
Net current assets
76,091
286,346
Total assets less current liabilities
262,466
350,080
Creditors: amounts falling due after more than one year
8
(12,125)
(36,652)
Net assets
250,341
313,428
Capital and reserves
Called up share capital
9
198
100
Profit and loss account
250,143
313,328
Shareholders' funds
250,341
313,428
For the year ending 31 May 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2025 and were signed on its behalf by
Stefan Dascalu Director Company Registration No. 07910423
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KYN Services Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
KYN Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 07910423. The registered office is Congress House, 14 Lyon Road, Harrow, Middlesex, HA1 2EN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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KYN Services Ltd Notes to the Accounts for the year ended 31 May 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 June 2024
39,312
94,186
133,498
Additions
144,507
19,800
164,307
At 31 May 2025
183,819
113,986
297,805
Depreciation
At 1 June 2024
19,262
50,502
69,764
Charge for the year
27,445
14,221
41,666
At 31 May 2025
46,707
64,723
111,430
Net book value
At 31 May 2025
137,112
49,263
186,375
At 31 May 2024
20,050
43,684
63,734
5
Inventories
2025
2024
£
£
Work in progress
50,106
65,727
50,106
65,727
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
32,644
37,199
Trade debtors
291,544
274,833
Amounts due from group undertakings etc.
29,503
27,355
Accrued income and prepayments
8,107
5,177
Other debtors
13,381
3,327
375,179
347,891
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
121,714
10,000
Obligations under finance leases and hire purchase contracts
14,526
14,526
Trade creditors
90,642
115,176
Amounts owed to group undertakings and other participating interests
290,000
-
Taxes and social security
111,900
100,591
Other creditors
-
2,817
Loans from directors
91,421
68,689
Accruals
57,694
13,600
777,897
325,399
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KYN Services Ltd Notes to the Accounts for the year ended 31 May 2025
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
10,000
Obligations under finance leases and hire purchase contracts
12,125
26,652
12,125
36,652
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
198 Ordinary shares of £1 each
198
100
Shares issued during the period:
98 Ordinary shares of £1 each
98
10
Controlling party
KYN Services Limited is a wholly owned subsidiary of KYN Construction Ltd with registered office Congress House, 14 Lyon Road, Harrow, HA1 2EN. The group qualifies as small, so that the directors are utilising this exemption and are not preparing consolidated accounts.
11
Average number of employees
During the year the average number of employees was 4 (2024: 4).
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