KD Joinery Services Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

KD Joinery Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11558666 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of five years.

2.4. Tangible Fixed Assets and Depreciation

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and machinery	25% Reducing Balance
Motor vehicles	25% Reducing Balance
Fixtures and fittings	25% Reducing Balance
Computer equipment	33% Reducing Balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

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KD Joinery Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 29 March 2026

2.6. Financial Instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2.7. Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 3)

4. Intangible Assets

	Goodwill
	£
Cost
As at 30 March 2025	23,000

As at 29 March 2026	23,000

Amortisation
As at 30 March 2025	23,000

As at 29 March 2026	23,000

Net Book Value
As at 29 March 2026	-

As at 30 March 2025	-

5. Tangible Assets

	Plant and machinery	Motor vehicles	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£
Cost
As at 30 March 2025	3,606	65,467	420	1,839	71,332
Additions	-	-	375	158	533

As at 29 March 2026	3,606	65,467	795	1,997	71,865

...CONTINUED

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KD Joinery Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 29 March 2026

Depreciation
As at 30 March 2025	2,844	24,256	346	1,542	28,988
Provided during the period	190	10,303	112	150	10,755

As at 29 March 2026	3,034	34,559	458	1,692	39,743

Net Book Value
As at 29 March 2026	572	30,908	337	305	32,122

As at 30 March 2025	762	41,211	74	297	42,344

6. Debtors

	29 March 2026	29 March 2025
	£	£
Due within one year
Trade debtors	76,914	47,882
Other debtors	26,992	17,584

	103,906	65,466

7. Creditors: Amounts Falling Due Within One Year

	29 March 2026	29 March 2025
	£	£
Trade creditors	16,599	42,700
Bank loans and overdrafts	669	5,384
Other creditors	114,596	57,956
Taxation and social security	4,648	36,310

	136,512	142,350

8. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are 100% secured via the government-backed bounce back loan scheme:

	29 March 2026		29 March 2025
	£		£
Bank loans and overdrafts	669		5,384

9. Share Capital

	29 March 2026	29 March 2025
	£	£
Allotted, Called up and fully paid	2	2

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KD Joinery Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 29 March 2026

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	29 March 2026	29 March 2025
	£	£
Not later than one year	14,707	14,708
Later than one year and not later than five years	14,071	28,779

	28,778	43,487

11. Directors Advances, Credits and Guarantees

No director received advances, credits or guarantees during the current or previous accounting periods.

12. Related Party Transactions

The following related party transactions were undertaken during the year:

During the period directors introduced capital of £135,576 (2025: £223,674) and received advances of £149,800 (2025: £166,845). At the balance sheet date the amounts owed to the directors totalled £112,606 (2025: £56,831).

Dividends were paid to the directors in respect of their shareholdings totalling £70,000 (2025: £70,000).

The aggregate remuneration paid to key management personnel for the year was £24,562 (2025: £18,200).

No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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		29 March 2026		29 March 2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		32,122		42,344

			32,122		42,344
CURRENT ASSETS
Debtors	6	103,906		65,466
Cash at bank and in hand		60,544		165,409

		164,450		230,875
Creditors: Amounts Falling Due Within One Year	7	(136,512 )		(142,350 )

NET CURRENT ASSETS (LIABILITIES)			27,938		88,525

TOTAL ASSETS LESS CURRENT LIABILITIES			60,060		130,869

PROVISIONS FOR LIABILITIES
Deferred Taxation			(7,478 )		(10,586 )

NET ASSETS			52,582		120,283

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			52,580		120,281

SHAREHOLDERS' FUNDS			52,582		120,283