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KDP RENTALS LTD

Registered Number
09875018
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

KDP RENTALS LTD
Company Information
for the year from 1 December 2022 to 30 November 2023

Directors

Diane Margaret Percival
Kenneth Percival

Registered Address

2 Sovereigns Court
Kettering
NN16 9SS

Registered Number

09875018 (England and Wales)
KDP RENTALS LTD
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets31,8852,357
Investment property5996,928996,928
998,813999,285
Current assets
Cash at bank and on hand5,82936,718
5,82936,718
Creditors amounts falling due within one year6(42,892)(82,466)
Net current assets (liabilities)(37,063)(45,748)
Total assets less current liabilities961,750953,537
Creditors amounts falling due after one year7(751,139)(719,891)
Provisions for liabilities8(72,226)(72,315)
Net assets138,385161,331
Capital and reserves
Called up share capital22
Other reserves378,250378,250
Profit and loss account(239,867)(216,921)
Shareholders' funds138,385161,331
The financial statements were approved and authorised for issue by the Board of Directors on 21 August 2024, and are signed on its behalf by:
Kenneth Percival
Director
Registered Company No. 09875018
KDP RENTALS LTD
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Fixtures and fittings20
Office Equipment20
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20232022
Average number of employees during the year21
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 December 2216,2223,05719,279
At 30 November 2316,2223,05719,279
Depreciation and impairment
At 01 December 2213,8653,05716,922
Charge for year472-472
At 30 November 2314,3373,05717,394
Net book value
At 30 November 231,885-1,885
At 30 November 222,357-2,357
4.Revaluation of property, plant and equipment
5.Investment property

£
Fair value at 01 December 22996,928
At 30 November 23996,928
6.Creditors: amounts due within one year

2023

2022

££
Bank borrowings and overdrafts3,0003,000
Other creditors38,92979,466
Accrued liabilities and deferred income963-
Total42,89282,466
7.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts746,639704,521
Other creditors4,50015,370
Total751,139719,891
8.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)72,22672,315
Total72,22672,315