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REGISTERED NUMBER: 10724052 (England and Wales)















KP AGRI LTD

Unaudited Financial Statements

for the Year Ended 30 April 2023






KP AGRI LTD (REGISTERED NUMBER: 10724052)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KP AGRI LTD

Company Information
for the Year Ended 30 April 2023







DIRECTORS: P Benton
K Benton





REGISTERED OFFICE: 32 Monmouth Way
Boverton
Llantwit Major
Vale of Glamorgan
CF61 2GT





REGISTERED NUMBER: 10724052 (England and Wales)





ACCOUNTANTS: O'Brien & Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

KP AGRI LTD (REGISTERED NUMBER: 10724052)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,516 96,746

CURRENT ASSETS
Stocks 201,000 119,000
Debtors 5 145,405 98,405
Cash at bank and in hand 114,776 30,858
461,181 248,263
CREDITORS
Amounts falling due within one year 6 462,519 273,159
NET CURRENT LIABILITIES (1,338 ) (24,896 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,178

71,850

CREDITORS
Amounts falling due after more than one year 7 33,600 61,745
NET ASSETS 67,578 10,105

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 67,576 10,103
SHAREHOLDERS' FUNDS 67,578 10,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 February 2024 and were signed on its behalf by:




K Benton - Director


KP AGRI LTD (REGISTERED NUMBER: 10724052)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Kp Agri 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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 NIL (2022 - 6 ).

KP AGRI LTD (REGISTERED NUMBER: 10724052)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 May 2022 7,559 32,075 5,125
Additions - - 2,577
At 30 April 2023 7,559 32,075 7,702
DEPRECIATION
At 1 May 2022 756 14,420 5,072
Charge for year 378 6,414 13
At 30 April 2023 1,134 20,834 5,085
NET BOOK VALUE
At 30 April 2023 6,425 11,241 2,617
At 30 April 2022 6,803 17,655 53

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2022 130,821 5,852 181,432
Additions 20,500 874 23,951
At 30 April 2023 151,321 6,726 205,383
DEPRECIATION
At 1 May 2022 60,245 4,193 84,686
Charge for year 10,586 790 18,181
At 30 April 2023 70,831 4,983 102,867
NET BOOK VALUE
At 30 April 2023 80,490 1,743 102,516
At 30 April 2022 70,576 1,659 96,746

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 143,029 78,405
Other debtors 2,376 20,000
145,405 98,405

KP AGRI LTD (REGISTERED NUMBER: 10724052)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 5,700 -
Hire purchase contracts 20,839 29,628
Trade creditors 109,055 46,287
Taxation and social security 163,301 101,415
Other creditors 163,624 95,829
462,519 273,159

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 33,600 44,300
Hire purchase contracts - 17,445
33,600 61,745

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 13,208

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23 30.4.22
£    £   
K Benton and P Benton
Balance outstanding at start of year (10,459 ) (35,479 )
Amounts advanced 77,634 76,569
Amounts repaid (64,800 ) (51,549 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,375 (10,459 )

9. RELATED PARTY DISCLOSURES

The ultimate controlling parties are the directors.