IRIS Accounts Production v24.2.0.383 13435745 Board of Directors 1.12.22 30.11.23 30.11.23 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh134357452022-11-30134357452023-11-30134357452022-12-012023-11-30134357452021-06-02134357452021-06-032022-11-30134357452022-11-3013435745ns15:EnglandWales2022-12-012023-11-3013435745ns14:PoundSterling2022-12-012023-11-3013435745ns10:Director12022-12-012023-11-3013435745ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3013435745ns10:SmallEntities2022-12-012023-11-3013435745ns10:AuditExemptWithAccountantsReport2022-12-012023-11-3013435745ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3013435745ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3013435745ns10:FullAccounts2022-12-012023-11-3013435745ns10:OrdinaryShareClass12022-12-012023-11-3013435745ns10:Director22022-12-012023-11-3013435745ns10:RegisteredOffice2022-12-012023-11-3013435745ns5:CurrentFinancialInstruments2023-11-3013435745ns5:CurrentFinancialInstruments2022-11-3013435745ns5:ShareCapital2023-11-3013435745ns5:ShareCapital2022-11-3013435745ns5:RetainedEarningsAccumulatedLosses2023-11-3013435745ns5:RetainedEarningsAccumulatedLosses2022-11-3013435745ns5:PlantMachinery2022-11-3013435745ns5:FurnitureFittings2022-11-3013435745ns5:MotorVehicles2022-11-3013435745ns5:PlantMachinery2022-12-012023-11-3013435745ns5:FurnitureFittings2022-12-012023-11-3013435745ns5:MotorVehicles2022-12-012023-11-3013435745ns5:PlantMachinery2023-11-3013435745ns5:FurnitureFittings2023-11-3013435745ns5:MotorVehicles2023-11-3013435745ns5:PlantMachinery2022-11-3013435745ns5:FurnitureFittings2022-11-3013435745ns5:MotorVehicles2022-11-3013435745ns10:OrdinaryShareClass12023-11-30
REGISTERED NUMBER: 13435745 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 November 2023

for

KPL Party Hire Limited

KPL Party Hire Limited (Registered number: 13435745)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

KPL Party Hire Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: P G Lack
Miss K Larman





REGISTERED OFFICE: The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS





REGISTERED NUMBER: 13435745 (England and Wales)





ACCOUNTANTS: GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS

KPL Party Hire Limited (Registered number: 13435745)

Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,287 65,209

CURRENT ASSETS
Debtors 5 3,181 2,319
Cash at bank 82,951 34,989
86,132 37,308
CREDITORS
Amounts falling due within one year 6 60,519 53,940
NET CURRENT ASSETS/(LIABILITIES) 25,613 (16,632 )
TOTAL ASSETS LESS CURRENT LIABILITIES 91,900 48,577

PROVISIONS FOR LIABILITIES 7 13,861 9,267
NET ASSETS 78,039 39,310

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 77,939 39,210
SHAREHOLDERS' FUNDS 78,039 39,310

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 4 July 2024 and were signed on its behalf by:





P G Lack - Director


KPL Party Hire Limited (Registered number: 13435745)

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

1. STATUTORY INFORMATION

KPL Party Hire 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.

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.

This is the first year which the financial statements have been prepared under FRS102.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from rental of inflatable equipment is recognised in each period the equipment is hired out for.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Plant & machinery - 10% on cost
Motor vehicles - 15% on cost
Fixtures and fittings - 10% on cost

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 statement of financial position date.

Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

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.

3. EMPLOYEES AND DIRECTORS

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

KPL Party Hire Limited (Registered number: 13435745)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2022 61,507 421 12,000 73,928
Additions 9,481 - - 9,481
At 30 November 2023 70,988 421 12,000 83,409
DEPRECIATION
At 1 December 2022 6,165 14 2,540 8,719
Charge for year 6,561 42 1,800 8,403
At 30 November 2023 12,726 56 4,340 17,122
NET BOOK VALUE
At 30 November 2023 58,262 365 7,660 66,287
At 30 November 2022 55,342 407 9,460 65,209

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Prepayments 3,181 2,319

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 504 -
Tax 4,577 -
Directors' current accounts 53,398 52,750
Accrued expenses 2,040 1,190
60,519 53,940

7. PROVISIONS FOR LIABILITIES

The net reversal of expected deferred tax liabilities expected to occur in the next 12 months is £1,698.

At the balance sheet date, the company has a £13,861 deferred tax liability (2022 - £9,267) relating to accelerated capital allowances.

Factors that may affect future tax charges

An increase in the future main corporation tax rate to 25% from 1 April 2023, from the previously enacted 19% was announced in the budget on 3 March 2021, and substantively enacted 24 May 2021. The deferred tax balance at the year end has been calculated based on the rate at which the provision is expected to unwind.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

The amount outstanding at the year-end to the directors was £53,398 (2022 - £52,750).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
KPL Party Hire Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of KPL Party Hire Limited for the year ended 30 November 2023 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of KPL Party Hire Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of KPL Party Hire Limited and state those matters that we have agreed to state to the Board of Directors of KPL Party Hire Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KPL Party Hire Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that KPL Party Hire Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of KPL Party Hire Limited. You consider that KPL Party Hire Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of KPL Party Hire Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS


4 July 2024