Company Registration No. 11119561 (England and Wales)
KR TRADE LTD
Unaudited accounts
for the year ended 31 December 2022
KR TRADE LTD
Unaudited accounts
Contents
KR TRADE LTD
Company Information
for the year ended 31 December 2022
Company Number
11119561 (England and Wales)
Registered Office
Ground Floor
66 High Street
Chatham
Kent
ME4 4DS
KR TRADE LTD
Statement of financial position
as at 31 December 2022
Tangible assets
4,009,802
4,050,116
Inventories
1,871,676
1,733,390
Cash at bank and in hand
2,818,567
1,491,530
Creditors: amounts falling due within one year
(437,619)
(512,937)
Net current assets
5,240,277
3,509,394
Net assets
9,250,079
7,559,510
Called up share capital
1
1
Profit and loss account
9,250,078
7,559,509
Shareholders' funds
9,250,079
7,559,510
For the year ending 31 December 2022 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 23 January 2023 and were signed on its behalf by
Robert Koch
Director
Company Registration No. 11119561
KR TRADE LTD
Notes to the Accounts
for the year ended 31 December 2022
KR TRADE LTD is a private company, limited by shares, registered in England and Wales, registration number 11119561. The registered office is Ground Floor, 66 High Street, Chatham, Kent, ME4 4DS.
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2022
2,686,502
1,166,564
1,389,794
313,805
516,072
6,072,737
Additions
378,762
288,738
120,285
66,353
110,292
964,430
At 31 December 2022
3,065,264
1,455,302
1,510,079
380,158
626,364
7,037,167
At 1 January 2022
514,836
407,300
624,509
151,938
324,038
2,022,621
Charge for the year
304,104
214,988
301,664
75,442
108,546
1,004,744
At 31 December 2022
818,940
622,288
926,173
227,380
432,584
3,027,365
At 31 December 2022
2,246,324
833,014
583,906
152,778
193,780
4,009,802
At 31 December 2021
2,171,666
759,264
765,285
161,867
192,034
4,050,116
Amounts falling due within one year
Trade debtors
987,653
797,411
KR TRADE LTD
Notes to the Accounts
for the year ended 31 December 2022
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
41,066
157,023
Taxes and social security
396,553
355,914
7
Average number of employees
During the year the average number of employees was 24 (2021: 24).