Company registration number 01288654 (England and Wales)
KM (REFRIGERATION ELECTRICAL) SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
KM (REFRIGERATION ELECTRICAL) SERVICES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
KM (REFRIGERATION ELECTRICAL) SERVICES LIMITED (REGISTERED NUMBER: 01288654)
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
9,281
8,810
Current assets
Stocks
8,241
3,554
Debtors
4
273,521
197,539
Cash at bank and in hand
72,637
41,538
354,399
242,631
Creditors: amounts falling due within one year
5
(295,182)
(185,393)
Net current assets
59,217
57,238
Total assets less current liabilities
68,498
66,048
Creditors: amounts falling due after more than one year
6
-
0
(3,000)
Provisions for liabilities
(1,727)
(1,412)
Net assets
66,771
61,636
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
65,771
60,636
Total equity
66,771
61,636
KM (REFRIGERATION ELECTRICAL) SERVICES LIMITED (REGISTERED NUMBER: 01288654)
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025
31 December 2025
- 2 -

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 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.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 1 April 2026 and are signed on its behalf by:
Mr P Sugden
Director
KM (REFRIGERATION ELECTRICAL) SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

KM (Refrigeration Electrical) Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 16 Bourne Enterprise Centre, Borough Green, Sevenoaks, Kent, TN15 8DG.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is recognised at the fair value of consideration received or receivable for the goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. The following criteria must also be met before turnover is recognised.

Turnover for the sale of goods is recognised when all of the following conditions are met:

- The company has transferred the significant risks and rewards of ownership to the buyer;

- the amount of turnover can be recognised reliably and;

- It is probable that the company will receive the consideration due under the transaction.

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- The amount of turnover can be measured reliably

- It is probable that the company will receive the consideration due under the contract

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
15% on reducing balance
Fixtures, fittings & equipment
10% on reducing balance
Computer equipment
25% on reducing balance
KM (REFRIGERATION ELECTRICAL) SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.4
Stocks

Stock is measured at the financial year end as the total value of the materials and labour for unfinished projects.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

KM (REFRIGERATION ELECTRICAL) SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
7
9
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
Cost
At 1 January 2025
11,979
31,217
37,248
80,444
Additions
798
780
850
2,428
At 31 December 2025
12,777
31,997
38,098
82,872
Depreciation and impairment
At 1 January 2025
11,882
27,728
32,024
71,634
Depreciation charged in the year
124
403
1,430
1,957
At 31 December 2025
12,006
28,131
33,454
73,591
Carrying amount
At 31 December 2025
771
3,866
4,644
9,281
At 31 December 2024
97
3,489
5,224
8,810
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
243,706
177,786
Amounts owed by group undertakings
-
0
11,929
Other debtors
29,815
7,824
273,521
197,539
KM (REFRIGERATION ELECTRICAL) SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
3,000
6,000
Trade creditors
234,639
127,012
Amounts owed to group undertakings
3,071
-
0
Taxation and social security
45,824
44,132
Other creditors
8,648
8,249
295,182
185,393
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
3,000
7
Financial commitments, guarantees and contingent liabilities

Included within Loans and borrowings is an amount of £3,000 (2024: £9,000) borrowed as part of the CBIL scheme in 2020.

The initial amount borrowed was £30,000 and as part of the loan scheme the UK government Guaranteed the advance and paid the interest and fees due for the first 12 months.

The loan now attracts an interest rate of 2.5%

8
Related party transactions

During the year company purchased services totalling £147,500 (2024: £178,750) from the parent company. The company also paid rent during the year of £18,000 (2024: £18,000) to its parent company.

At the year end the company owed £3,071 (2024: Dr £11,929) to the parent company.

At the year end the company was owed £0 (2024: £832) from a company with common directors.

9
Parent company

The ultimate controlling party is Ashwood Estates Ltd, a company registered in England and Wales.

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