Company Registration No. SC590522 (Scotland)
KD Communication Systems Ltd
Unaudited accounts
for the year ended 31 March 2023
KD Communication Systems Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
28,722
17,568
Cash at bank and in hand
42,479
17,986
Creditors: amounts falling due within one year
(118,184)
(79,176)
Net current liabilities
(11,621)
(12,608)
Called up share capital
100
100
Profit and loss account
17,001
4,860
Shareholders' funds
17,101
4,960
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 December 2023 and were signed on its behalf by
K Davis
Director
Company Registration No. SC590522
KD Communication Systems Ltd
Notes to the Accounts
for the year ended 31 March 2023
KD Communication Systems Ltd is a private company, limited by shares, registered in Scotland, registration number SC590522. The registered office is 367 Mosspark Boulevard, Glasgow , G52 1JH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
2,539
24,390
5,307
32,236
Additions
-
32,785
-
32,785
Disposals
-
(24,390)
-
(24,390)
At 31 March 2023
2,539
32,785
5,307
40,631
At 1 April 2022
857
11,851
1,960
14,668
Charge for the year
-
8,196
896
9,092
On disposals
-
(11,851)
-
(11,851)
At 31 March 2023
857
8,196
2,856
11,909
At 31 March 2023
1,682
24,589
2,451
28,722
At 31 March 2022
1,682
12,539
3,347
17,568
KD Communication Systems Ltd
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
38,937
21,291
Accrued income and prepayments
-
1,718
Other debtors
17,427
18,073
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
18,905
25,670
Obligations under finance leases and hire purchase contracts
35,215
4,716
Taxes and social security
34,702
13,419
Loans from directors
28,933
33,711
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
