Registration number: NI601446

KMDL Engineering (NI) Ltd

(Registration number: NI601446)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	5,695	7,677
Current assets
Stocks	5	28,245	15,157
Debtors	6	450,225	390,147
Cash at bank and in hand		196,622	117,600
		675,092	522,904
Creditors: Amounts falling due within one year	7	(537,179)	(467,016)
Net current assets		137,913	55,888
Total assets less current liabilities		143,608	63,565
Creditors: Amounts falling due after more than one year	7	-	(4,409)
Provisions for liabilities		(1,422)	(1,918)
Net assets		142,186	57,238
Capital and reserves
Called up share capital		50	50
Other reserves		50	50
Retained earnings		142,086	57,138
Shareholders' funds		142,186	57,238

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

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

KMDL Engineering (NI) Ltd

(Registration number: NI601446)
Balance Sheet as at 31 December 2025

Approved and authorised by the director on 25 September 2026
 

......................................... Mr Jonathan Stevenson Director

KMDL Engineering (NI) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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: Unit 6A, 30 Island Street, Belfast, Co. Antrim, BT4 1DH.

These financial statements were authorised for issue by the director on 25 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal 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 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 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

KMDL Engineering (NI) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

KMDL Engineering (NI) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 19 (2024 - 12).

KMDL Engineering (NI) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2025	5,624	43,795	11,066	60,485
At 31 December 2025	5,624	43,795	11,066	60,485
Depreciation
At 1 January 2025	5,540	36,697	10,571	52,808
Charge for the year	84	1,774	124	1,982
At 31 December 2025	5,624	38,471	10,695	54,790
Carrying amount
At 31 December 2025	-	5,324	371	5,695
At 31 December 2024	84	7,098	495	7,677

5

Stocks

	2025 £	2024 £
Other inventories	28,245	15,157

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		291,499	262,674
Amounts owed by related parties	9	129,324	102,000
Prepayments		2,707	3,467
Other debtors		26,695	22,006
		450,225	390,147

KMDL Engineering (NI) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	4,397	10,366
Trade creditors		134,120	88,515
Taxation and social security		71,645	37,576
Accruals and deferred income		288,529	328,706
Other creditors		38,488	1,853
		537,179	467,016

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	4,409

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	4,397	10,366

KMDL Engineering (NI) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

9	Related party transactions

Loans to related parties

2025	Parent £	Total £
At start of period	102,000	102,000
Advanced	27,324	27,324
At end of period	129,324	129,324

2024	Parent £	Total £
Advanced	102,000	102,000
At end of period	102,000	102,000

Terms of loans to related parties

The loan is interest free, unsecured and repayable on demand.
 

10	Parent and ultimate parent undertaking

AJLS Holdings Ltd was incorporated on 8 August 2024 and is wholly owned by Jonathan Stevenson. On 23 October 2024 AJLS Holdings Ltd acquired 100% of the issued share capital of the company

 The company's immediate parent is AJLS Holdings Ltd, incorporated in Northern Ireland.

 The ultimate controlling party is Jonathan Stevenson.