5 false false false false false false false false false false true false false false false false false No description of principal activity 2022-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 12262479 2022-11-01 2023-10-31 12262479 2023-10-31 12262479 2022-10-31 12262479 2021-11-01 2022-10-31 12262479 2022-10-31 12262479 2021-10-31 12262479 core:PlantMachinery 2022-11-01 2023-10-31 12262479 core:FurnitureFittings 2022-11-01 2023-10-31 12262479 core:MotorVehicles 2022-11-01 2023-10-31 12262479 bus:Director1 2022-11-01 2023-10-31 12262479 core:PlantMachinery 2022-10-31 12262479 core:FurnitureFittings 2022-10-31 12262479 core:MotorVehicles 2022-10-31 12262479 core:PlantMachinery 2023-10-31 12262479 core:FurnitureFittings 2023-10-31 12262479 core:MotorVehicles 2023-10-31 12262479 core:WithinOneYear 2023-10-31 12262479 core:WithinOneYear 2022-10-31 12262479 core:ShareCapital 2023-10-31 12262479 core:ShareCapital 2022-10-31 12262479 core:RetainedEarningsAccumulatedLosses 2023-10-31 12262479 core:RetainedEarningsAccumulatedLosses 2022-10-31 12262479 core:PlantMachinery 2022-10-31 12262479 core:FurnitureFittings 2022-10-31 12262479 core:MotorVehicles 2022-10-31 12262479 bus:SmallEntities 2022-11-01 2023-10-31 12262479 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 12262479 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12262479 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12262479 bus:FullAccounts 2022-11-01 2023-10-31
COMPANY REGISTRATION NUMBER: 12262479
K P Laundry Limited
Filleted Unaudited Financial Statements
For the period ended
31 October 2023
K P Laundry Limited
Balance Sheet
31 October 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
15,414
14,828
Current assets
Debtors
6
46,906
18,476
Cash at bank and in hand
917
14,483
--------
--------
47,823
32,959
Creditors: amounts falling due within one year
7
21,005
14,084
--------
--------
Net current assets
26,818
18,875
--------
--------
Total assets less current liabilities
42,232
33,703
Provisions
2,929
2,818
--------
--------
Net assets
39,303
30,885
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
39,203
30,785
--------
--------
Shareholders funds
39,303
30,885
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss has not been delivered.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
K P Laundry Limited
Balance Sheet (continued)
31 October 2023
These financial statements were approved by the board of directors and authorised for issue on 30 July 2024 , and are signed on behalf of the board by:
Mrs P Shepherd
Director
Company registration number: 12262479
K P Laundry Limited
Notes to the Financial Statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 19 Larch Lane, Garforth, Leeds, West Yorkshire, LS25 2JP, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements have been rounded to the nearest £.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates .
Revenue recognition
Turnover comprises the sales value net of attributable VAT of work done in the period under contracts to supply goods and services to third parties.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference .
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
20% reducing balance
Motor vehicles
-
20% reducing balance
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2022: 5 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 November 2022
20,903
689
5,250
26,842
Additions
4,577
4,577
--------
----
-------
--------
At 31 October 2023
25,480
689
5,250
31,419
--------
----
-------
--------
Depreciation
At 1 November 2022
9,222
230
2,562
12,014
Charge for the year
3,361
92
538
3,991
--------
----
-------
--------
At 31 October 2023
12,583
322
3,100
16,005
--------
----
-------
--------
Carrying amount
At 31 October 2023
12,897
367
2,150
15,414
--------
----
-------
--------
At 31 October 2022
11,681
459
2,688
14,828
--------
----
-------
--------
6. Debtors
2023
2022
£
£
Trade debtors
43,848
18,476
Other debtors
3,058
--------
--------
46,906
18,476
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
1,863
2,778
Social security and other taxes
7,776
7,550
Other creditors
11,366
3,756
--------
--------
21,005
14,084
--------
--------
Included in 'Other Creditors' are amounts of £8,932 (2022: £1,522) due to P Shepherd and £234 (2022: £234) due to K Shields. The amounts are unsecured, repayable on demand and no interest is being charged.
8. Directors' advances, credits and guarantees
There are no transactions with the directors that require disclosure under section 413 of the Companies Act 2006.