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Company Registration No. 13760913 (England and Wales)
KPNK TRADERS LIMITED Unaudited accounts for the year ended 30 November 2023
KPNK TRADERS LIMITED Unaudited accounts Contents
Page
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KPNK TRADERS LIMITED Company Information for the year ended 30 November 2023
Directors
DURAISAMY, Nandakumar KUMAR, Periyasamy, Dr
Company Number
13760913 (England and Wales)
Registered Office
1 SWALLOW COURT DOLLIS CRESCENT RUISLIP HA4 9ST UNITED KINGDOM
Accountants
Tally Tally Accountants 79 College Road Harrow HA1 1BD
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KPNK TRADERS LIMITED Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
20,700 
34,500 
Tangible assets
8,821 
13,232 
29,521 
47,732 
Current assets
Debtors
5,500 
4,873 
Cash at bank and in hand
12 
5,194 
5,512 
10,067 
Creditors: amounts falling due within one year
(80,550)
(81,023)
Net current liabilities
(75,038)
(70,956)
Net liabilities
(45,517)
(23,224)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(45,617)
(23,324)
Shareholders' funds
(45,517)
(23,224)
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by
DURAISAMY, Nandakumar Director Company Registration No. 13760913
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KPNK TRADERS LIMITED Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
KPNK TRADERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13760913. The registered office is 1 SWALLOW COURT, DOLLIS CRESCENT, RUISLIP, HA4 9ST, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
The financial statements have been prepared on a going concern basis, which is dependent upon the company's directors continuing to provide the necessary financial facilities, to enable the company to continue in operation for the foreseeable future
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line Method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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KPNK TRADERS LIMITED Notes to the Accounts for the year ended 30 November 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2022
34,500 
At 30 November 2023
34,500 
Amortisation
At 1 December 2022
- 
Charge for the year
13,800 
At 30 November 2023
13,800 
Net book value
At 30 November 2023
20,700 
At 30 November 2022
34,500 
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 December 2022
17,643 
At 30 November 2023
17,643 
Depreciation
At 1 December 2022
4,411 
Charge for the year
4,411 
At 30 November 2023
8,822 
Net book value
At 30 November 2023
8,821 
At 30 November 2022
13,232 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
4,873 
Other debtors
5,500 
- 
5,500 
4,873 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
160 
352 
Trade creditors
3,332 
8,560 
Taxes and social security
1,719 
1,437 
Other creditors
12,718 
10,921 
Loans from directors
62,621 
59,753 
80,550 
81,023 
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KPNK TRADERS LIMITED Notes to the Accounts for the year ended 30 November 2023
8
Transactions with related parties
As of the year-end date, the directors had a credit balance of £62,621 (2022: 59,753 Cr) on their director's current account. This was an interest-free loan to the company and is shown within other creditors due within one year
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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