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REGISTERED NUMBER: 05686152 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

KPMSUK LIMITED

KPMSUK LIMITED (REGISTERED NUMBER: 05686152)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KPMSUK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTOR: S Boukhari





REGISTERED OFFICE: Park Lane Business Centre
Unit 6
Park Lane, Langham
Colchester
Essex
CO4 5NL





REGISTERED NUMBER: 05686152 (England and Wales)





ACCOUNTANTS: ESW Chartered Accountants
162-164 High Street
Rayleigh
Essex
SS6 7BS

KPMSUK LIMITED (REGISTERED NUMBER: 05686152)

BALANCE SHEET
31ST JANUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 370,741 298,584

CURRENT ASSETS
Debtors 5 513,398 427,078
Cash at bank and in hand 382,280 195,072
895,678 622,150
CREDITORS
Amounts falling due within one year 6 (542,435 ) (377,036 )
NET CURRENT ASSETS 353,243 245,114
TOTAL ASSETS LESS CURRENT
LIABILITIES

723,984

543,698

CREDITORS
Amounts falling due after more than one
year

7

(598,175

)

(422,656

)
NET ASSETS 125,809 121,042

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 124,809 120,042
SHAREHOLDERS' FUNDS 125,809 121,042

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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.

KPMSUK LIMITED (REGISTERED NUMBER: 05686152)

BALANCE SHEET - continued
31ST JANUARY 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2nd November 2023 and were signed by:





S Boukhari - Director


KPMSUK LIMITED (REGISTERED NUMBER: 05686152)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023

1. STATUTORY INFORMATION

KPMSUK Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 5% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

KPMSUK LIMITED (REGISTERED NUMBER: 05686152)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2022 507,115
Additions 96,030
At 31st January 2023 603,145
DEPRECIATION
At 1st February 2022 208,531
Charge for year 23,873
At 31st January 2023 232,404
NET BOOK VALUE
At 31st January 2023 370,741
At 31st January 2022 298,584

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st February 2022
and 31st January 2023 63,691
DEPRECIATION
At 1st February 2022 35,457
Charge for year 3,920
At 31st January 2023 39,377
NET BOOK VALUE
At 31st January 2023 24,314
At 31st January 2022 28,234

KPMSUK LIMITED (REGISTERED NUMBER: 05686152)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 87,909 117,231
Other debtors 425,489 309,847
513,398 427,078

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 168,672 54,519
Hire purchase contracts 4,938 4,938
Trade creditors 110,543 81,121
Taxation and social security 186,064 160,517
Other creditors 72,218 75,941
542,435 377,036

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 118,147 95,209
Hire purchase contracts 13,171 17,146
Other creditors 466,857 310,301
598,175 422,656

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 18,109 22,084
Bank Loan - 58,728
18,109 80,812

Assets acquired by way of hire purchase are secured by those agreements.

Clydesdale Bank Plc has a fixed and floating charge dated 26 June 2017 covering all the property or undertaking of the company.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director of the company Mr S Boukhari.