KGM Fire & Security Distribution Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04135038 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

KGM FIRE & SECURITY DISTRIBUTION LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

128,754

174,709

Investments

5

150,000

278,754

324,709

CURRENT ASSETS

Stocks

204,344

212,889

Debtors: amounts falling due within one
year

6

684,742

584,819

Prepayments and accrued income

7,750

9,606

Cash at bank and in hand

119,674

49,008

1,016,510

856,322

CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

(867,324

)

(820,029

)

NET CURRENT ASSETS

149,186

36,293

TOTAL ASSETS LESS CURRENT
LIABILITIES

427,940

361,002

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

8

(101,883

)

(143,706

)

PROVISIONS FOR LIABILITIES

(23,653

)

(12,253

)

NET ASSETS

302,404

205,043

CAPITAL AND RESERVES

Called up share capital

18

Retained earnings

302,386

205,025

302,404

205,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 30 December 2025 and were signed on its behalf by:

K Smith - Director

1.	STATUTORY INFORMATION

KGM Fire & Security Distribution Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04135038

Registered office:

Unit 23

2M Trade Park

Beddow Way

Aylesford

Kent

ME20 7BT

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.

Income recognition

Turnover represents the fair value of consideration received or receivable derived from the rendering of services to customers/ provision of goods to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

COST

At 1 April 2024

29,367

261,271

40,898

28,127

359,663

Additions

-

63,569

-

63,569

Disposals

-

(134,685

)

-

(134,685

)

At 31 March 2025

29,367

190,155

40,898

28,127

288,547

DEPRECIATION

At 1 April 2024

22,223

107,008

32,921

22,802

184,954

Charge for year

1,786

37,806

1,992

1,330

42,914

Eliminated on disposal

-

(68,075

)

-

(68,075

)

At 31 March 2025

24,009

76,739

34,913

24,132

159,793

NET BOOK VALUE

At 31 March 2025

5,358

113,416

5,985

3,995

128,754

At 31 March 2024

7,144

154,263

7,977

5,325

174,709

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

150,000

NET BOOK VALUE

At 31 March 2025

150,000

At 31 March 2024

150,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Trade debtors

627,733

496,580

Other debtors

57,009

88,239

684,742

584,819

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Bank loans and overdrafts

20,323

25,968

Hire purchase contracts

21,563

72,474

Trade creditors

695,437

566,133

Taxation and social security

111,912

41,317

Other creditors

18,089

114,137

867,324

820,029

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/3/25

31/3/24

£

Bank loans

-

20,323

Hire purchase contracts

101,883

123,383

101,883

143,706

9.	RELATED PARTY DISCLOSURES

During the year, the outstanding loan payable of £90,000 to Fire and Security Consultancy Ltd, the wholly owned subsidiary of the Company, was written back.