KF MEP Services Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 14039485 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 11 APRIL 2022 TO 31 MARCH 2023

FOR

KF MEP SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K Fisher

SECRETARY:

REGISTERED OFFICE:

36-40 Doncaster Road

Barnsley

United Kingdom

S70 1TL

REGISTERED NUMBER:

14039485 (England and Wales)

ACCOUNTANTS:

Seaman Herbert & Co

36 - 40 Doncaster Road

Barnsley

South Yorkshire

S70 1TL

FIXED ASSETS

Tangible assets

4

9,908

CURRENT ASSETS

Debtors

5

13,575

Cash at bank

12,659

26,234

CREDITORS

Amounts falling due within one year

6

32,863

NET CURRENT LIABILITIES

(6,629

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,279

PROVISIONS FOR LIABILITIES

7

1,883

NET ASSETS

1,396

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

1,296

SHAREHOLDERS' FUNDS

1,396

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit & loss account and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2023 and were signed by:

K Fisher - Director

1.	STATUTORY INFORMATION

Kf Mep Services Ltd 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.	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.

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

-

10% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & loss account and Retained Earnings, 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

Additions

3,787

8,165

11,952

At 31 March 2023

3,787

8,165

11,952

DEPRECIATION

Charge for period

131

1,913

2,044

At 31 March 2023

131

1,913

2,044

NET BOOK VALUE

At 31 March 2023

3,656

6,252

9,908

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

13,575

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Tax

6,885

Social security and other taxes

408

Directors' current accounts

15,415

Accrued expenses

10,155

32,863

7.	PROVISIONS FOR LIABILITIES

£

Deferred tax

1,883

Deferred

tax

£

Provided during period

1,883

Balance at 31 March 2023

1,883

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

9.	ULTIMATE CONTROLLING PARTY

The controlling party is K Fisher.