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Registration number: NI617511

KD Kars Ltd
Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 May 2025

KD Kars Ltd

Contents

Company Information | 1
Abridged Balance Sheet | 2 to 3
Notes to the Unaudited Abridged Financial Statements | 4 to 9

KD Kars Ltd

Company Information

Directors | Mark Doyle Rory Doyle

Company secretary | Rory Doyle

Registered office | 1 Lurgan Road Gilford Craigavon Co. Armagh BT63 6JJ

Bankers | Santander Bank Bootle Merseyside L30 4GB

Accountants | Kennedy & Co Chartered Certified Accountants21 Kilmorey Street Newry Co Down BT34 2DF

KD Kars Ltd

(Registration number: NI617511)
Abridged Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 139,870 | 142,688
Current assets |  |  |
Stocks |  | 636,997 | 753,202
Debtors |  | 110,049 | 15,833
Cash at bank and in hand |  | 39,749 | 189,373
|  | 786,795 | 958,408
Prepayments and accrued income |  | 5,975 | 495
Creditors: Amounts falling due within one year |  | (9,753) | (135,330)
Net current assets |  | 783,017 | 823,573
Total assets less current liabilities |  | 922,887 | 966,261
Creditors: Amounts falling due after more than one year |  | (863,185) | (854,571)
Provisions for liabilities |  | (269) | (1,020)
Accruals and deferred income |  | (8,888) | (29,714)
Net assets |  | 50,545 | 80,956
Capital and reserves |  |  |
Called up share capital | 6 | 2,000 | 2,000
Retained earnings |  | 48,545 | 78,956
Shareholders' funds |  | 50,545 | 80,956

KD Kars Ltd

(Registration number: NI617511)
Abridged Balance Sheet as at 31 May 2025

For the financial 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.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and the option not to file the profit and loss account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements were approved and authorised by the Board on ............................................. 5 December 2025 and signed on its behalf by:

....................................................

Mark Doyle

Director

....................................................

Rory Doyle

Company secretary and director

KD Kars Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
1 Lurgan Road
Gilford
Craigavon
Co. Armagh
BT63 6JJ

These financial statements were authorised for issue by the Board on 5 December 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in sterling which is the functional currency of the company.
All members have consented to the abridgement of these financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:
Sale of goods
Turnover from the sale of vehicles is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the vehicles.

Government grants

Government grants are recognised at the fair value of the amount received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

KD Kars Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

Interest receivable

Interest income is recognised using the effective interest method.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Asset class | Depreciation method and rate
Plant, Machinery & Equipment | 20% Straight Line
Motor Vehicles | 20% Straight Line
Leasehold Assets | 2% Straight Line

Trade debtors

Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

KD Kars Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

Trade creditors

Creditors with no stated interest rate and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and Borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Leases

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Defined contribution pension obligation

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset’s cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 6).

KD Kars Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

4 | Intangible assets

| Total £
Cost or valuation
At 1 June 2024 | 225,000
At 31 May 2025 | 225,000
Amortisation
At 1 June 2024 | 225,000
At 31 May 2025 | 225,000
Carrying amount
At 31 May 2025 | -

KD Kars Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

5 | Tangible assets

| Land £ | Leasehold Assets £ | Plant, Machinery & Equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 June 2024 | 108,542 | 35,135 | 58,224 | 3,000 | 204,901
At 31 May 2025 | 108,542 | 35,135 | 58,224 | 3,000 | 204,901
Depreciation
At 1 June 2024 | - | 4,179 | 55,034 | 3,000 | 62,213
Charge for the year | - | 703 | 2,115 | - | 2,818
At 31 May 2025 | - | 4,882 | 57,149 | 3,000 | 65,031
Carrying amount
At 31 May 2025 | 108,542 | 30,253 | 1,075 | - | 139,870
At 31 May 2024 | 108,542 | 30,956 | 3,190 | - | 142,688

KD Kars Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

6 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Shares of £1 each | 2,000 | 2,000 | 2,000 | 2,000