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REGISTERED NUMBER: 10163239 (England and Wales)















Financial Statements for the Year Ended 31st May 2023

for

KPL Signs Limited

KPL Signs Limited (Registered number: 10163239)

Contents of the Financial Statements
for the year ended 31st May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KPL Signs Limited

Company Information
for the year ended 31st May 2023







DIRECTOR: K P Lee





REGISTERED OFFICE: Fenit Lodge
Pear Tree Lane
Hempstead
Gillingham
Kent
ME7 3PU





REGISTERED NUMBER: 10163239 (England and Wales)





ACCOUNTANTS: Beak Kemmenoe
Chartered Accountants
1-3 Manor Road
Chatham
Kent
ME4 6AE

KPL Signs Limited (Registered number: 10163239)

Balance Sheet
31st May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,889 57,418

CURRENT ASSETS
Debtors 5 19,636 18,484
Cash at bank 17 6,644
19,653 25,128
CREDITORS
Amounts falling due within one year 6 39,413 53,484
NET CURRENT LIABILITIES (19,760 ) (28,356 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,129

29,062

CREDITORS
Amounts falling due after more than one
year

7

(44,965

)

(19,117

)

PROVISIONS FOR LIABILITIES (10,222 ) (3,879 )
NET ASSETS 2,942 6,066

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2,941 6,065
SHAREHOLDERS' FUNDS 2,942 6,066

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

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

KPL Signs Limited (Registered number: 10163239)

Balance Sheet - continued
31st May 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 19th February 2024 and were signed by:





K P Lee - Director


KPL Signs Limited (Registered number: 10163239)

Notes to the Financial Statements
for the year ended 31st May 2023


1. STATUTORY INFORMATION

KPL Signs 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.
Plant and machinery etc - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

KPL Signs Limited (Registered number: 10163239)

Notes to the Financial Statements - continued
for the year ended 31st May 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st June 2022 37,000 42,285 79,285
Additions - 43,765 43,765
Disposals - (31,865 ) (31,865 )
At 31st May 2023 37,000 54,185 91,185
DEPRECIATION
At 1st June 2022 - 21,867 21,867
Charge for year - 10,691 10,691
Eliminated on disposal - (19,262 ) (19,262 )
At 31st May 2023 - 13,296 13,296
NET BOOK VALUE
At 31st May 2023 37,000 40,889 77,889
At 31st May 2022 37,000 20,418 57,418

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

Plant and
machinery
etc
£   
COST
Additions 40,966
At 31st May 2023 40,966
DEPRECIATION
Charge for year 8,535
At 31st May 2023 8,535
NET BOOK VALUE
At 31st May 2023 32,431

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,636 18,484

KPL Signs Limited (Registered number: 10163239)

Notes to the Financial Statements - continued
for the year ended 31st May 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,200 6,200
Hire purchase contracts 6,011 12,895
Taxation and social security 25,871 33,141
Other creditors 1,331 1,248
39,413 53,484

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 12,917 19,117
Hire purchase contracts 32,048 -
44,965 19,117

8. SECURED DEBTS

The amounts due on hire purchase contracts are secured on the assets concerned.

9. ULTIMATE CONTROLLING PARTY

The controlling party is K P Lee.