REGISTERED NUMBER: 06339126 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

KMS DRYLINING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S P Banks

N Pereira Banks

SECRETARY:

REGISTERED OFFICE:

Unit 15m 5a Bulrushes Business Park

Coombe Hill Road

East Grinstead

West Sussex

RH19 4LZ

REGISTERED NUMBER:

06339126 (England and Wales)

ACCOUNTANTS:

Hockley Wright & Co. Ltd.

Unit 15, No. 2

Bulrushes Business Park

Coombe Hill Road

East Grinstead

West Sussex

RH19 4LZ

FIXED ASSETS

Tangible assets

5

25,848

32,478

CURRENT ASSETS

Stocks

93,584

59,248

Debtors

6

157,429

65,867

Cash at bank

14,495

49,945

265,508

175,060

CREDITORS

Amounts falling due within one year

7

224,777

133,114

NET CURRENT ASSETS

40,731

41,946

TOTAL ASSETS LESS CURRENT LIABILITIES

66,579

74,424

CREDITORS

Amounts falling due after more than one year

8

56,943

67,566

NET ASSETS

9,636

6,858

CAPITAL AND RESERVES

Called up share capital

9

3

3

Retained earnings

9,633

6,855

SHAREHOLDERS' FUNDS

9,636

6,858

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 29 May 2026 and were signed on its behalf by:

S P Banks - Director

1.	STATUTORY INFORMATION

KMS Drylining Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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. There have been no material departures from FRS102.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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, if material, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2024

and 31 August 2025

3,054

51,490

10,905

65,449

DEPRECIATION

At 1 September 2024

2,062

21,672

9,237

32,971

Charge for year

248

5,964

418

6,630

At 31 August 2025

2,310

27,636

9,655

39,601

NET BOOK VALUE

At 31 August 2025

744

23,854

1,250

25,848

At 31 August 2024

992

29,818

1,668

32,478

Included within the net book value of motor vehicles above, is £13,819 (2023/24 £17,274) relating to motor vehicles held under hire purchase contracts.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

91,712

(1,555

)

Other debtors

65,717

67,422

157,429

65,867

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

61,249

37,806

Taxation and social security

120,370

65,749

Other creditors

43,158

29,559

224,777

133,114

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts

17,805

18,682

Other creditors

39,138

48,884

56,943

67,566

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

2

Ordinary

£1

2

2

1

Ordinary 'B'

£1

1

1

3

3

10.	ULTIMATE CONTROLLING PARTY