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REGISTERED NUMBER: 00871133 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

K.P.K. (Sheet Metal) Limited

K.P.K. (Sheet Metal) Limited (Registered number: 00871133)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


K.P.K. (Sheet Metal) Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: C Jones





REGISTERED OFFICE: Parkwood Works
Brooklands Close
Sunbury upon Thames
Middlesex
TW16 7DX





REGISTERED NUMBER: 00871133 (England and Wales)





AUDITORS: Lawrence Johns
Registered Auditors
164 Field End Road
Eastcote
Middlesex
HA5 1RH

K.P.K. (Sheet Metal) Limited (Registered number: 00871133)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 247,581 181,398

CURRENT ASSETS
Stocks 5 125,367 83,922
Debtors 6 305,612 298,821
Cash at bank and in hand 770,097 777,612
1,201,076 1,160,355
CREDITORS
Amounts falling due within one year 7 247,030 242,530
NET CURRENT ASSETS 954,046 917,825
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,201,627

1,099,223

PROVISIONS FOR LIABILITIES 8 39,132 24,871
NET ASSETS 1,162,495 1,074,352

CAPITAL AND RESERVES
Called up share capital 61,426 61,426
Capital redemption reserve 3,833 3,833
Retained earnings 1,097,236 1,009,093
SHAREHOLDERS' FUNDS 1,162,495 1,074,352

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 1 February 2024 and were signed by:





C Jones - Director


K.P.K. (Sheet Metal) Limited (Registered number: 00871133)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

K.P.K. (Sheet Metal) 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.
Plant and machinery - 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

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.

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.

K.P.K. (Sheet Metal) Limited (Registered number: 00871133)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 555,788 4,473 17,969 578,230
Additions 114,126 - - 114,126
At 31 October 2023 669,914 4,473 17,969 692,356
DEPRECIATION
At 1 November 2022 376,093 4,413 16,326 396,832
Charge for year 47,510 22 411 47,943
At 31 October 2023 423,603 4,435 16,737 444,775
NET BOOK VALUE
At 31 October 2023 246,311 38 1,232 247,581
At 31 October 2022 179,695 60 1,643 181,398

5. STOCKS
31.10.23 31.10.22
£    £   
Stock and work in progress 125,367 83,922

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 281,297 276,312
Prepayments 24,315 22,509
305,612 298,821

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 73,659 70,743
Tax 6,346 18,195
Social security and other taxes 35,452 41,648
Other creditors 18,324 15,896
Accruals 113,249 96,048
247,030 242,530

K.P.K. (Sheet Metal) Limited (Registered number: 00871133)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 39,132 24,871

Deferred
tax
£   
Balance at 1 November 2022 24,871
Accelerated capital allowances 14,261
Balance at 31 October 2023 39,132

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

T M O'Keeffe (Senior Statutory Auditor)
for and on behalf of Lawrence Johns

10. RELATED PARTY DISCLOSURES

The following is a related party of this company:

Blyth Management Services Limited, a company which owns 100% of the share capital of this company. The company occupies premises owned by the parent company. The rent for the property was £57,500 (2022: £60,000).

The parent company made an administration charge for services provided amounting to £9,580 (2022: £9,600).

During the year, Blyth Management Services Limited repaid a loan from the company for £nil (2021: £126,628). At the year end Blyth Management Services Limited owed KPK (Sheet Metal) Limited £nil (2022: £nil)..

Shares in Blyth Management Services Limited are held by the following:

Executors of D A Knapp Deceased - 26%
D A Knapp Discretionary Settlement - 24%
P A Knapp Discretionary Settlement - 50%