Registered number
05638078
K KAPUR & COMPANY LTD
Filleted Accounts
30 November 2023
K KAPUR & COMPANY LTD
Registered number: 05638078
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 48,648 2,899
Investments 4 1,145,734 1,145,734
1,194,382 1,148,633
Current assets
Debtors 5 26,886 157,705
Cash at bank and in hand 606,066 379,309
632,952 537,014
Creditors: amounts falling due within one year 6 (114,427) (60,109)
Net current assets 518,525 476,905
Total assets less current liabilities 1,712,907 1,625,538
Creditors: amounts falling due after more than one year 7 (225,594) (292,065)
Net assets 1,487,313 1,333,473
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,487,311 1,333,471
Shareholders' funds 1,487,313 1,333,473
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. Kapil Kapur
Director
Approved by the board on 20 August 2024
K KAPUR & COMPANY LTD
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
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
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery @ 20% Reducing Basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 28,086 - 28,086
Additions 2,396 55,514 57,910
At 30 November 2023 30,482 55,514 85,996
Depreciation
At 1 December 2022 25,187 - 25,187
Charge for the year 1,059 11,102 12,161
At 30 November 2023 26,246 11,102 37,348
Net book value
At 30 November 2023 4,236 44,412 48,648
At 30 November 2022 2,899 - 2,899
4 Investments
Other
investments
£
Cost
At 1 December 2022 1,145,734
At 30 November 2023 1,145,734
5 Debtors 2023 2022
£ £
Trade debtors 26,886 20,565
Other debtors - 137,140
26,886 157,705
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 12,247 -
Trade creditors 120 3,264
Taxation and social security costs 40,301 38,861
Other creditors 61,759 17,984
114,427 60,109
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 225,594 292,065
8 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years 295,546 295,546
Secured bank loans 305,444 305,444
[Give an indication of the nature and form of the security for the bank loans]
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr.Kapil Kapur
[Interest Free Loan] 137,139 12,308 (177,838) (28,391)
137,139 12,308 (177,838) (28,391)
10 Controlling party
The directors' have overall control of the company by virtue of majority shareholding.
11 Other information
K KAPUR & COMPANY LTD is a private company limited by shares and incorporated in England. Its registered office is:
2 Elmfield
Farrar Lane
Oulton
Leeds
LS26 0WE
K KAPUR & COMPANY LTD 05638078 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2024 Mr. Kapil Kapur No description of principal activity 05638078 2021-12-01 2022-11-30 05638078 core:WithinOneYear 2022-11-30 05638078 core:AfterOneYear 2022-11-30 05638078 core:ShareCapital 2022-11-30 05638078 core:RetainedEarningsAccumulatedLosses 2022-11-30 05638078 2022-12-01 2023-11-30 05638078 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 05638078 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 05638078 bus:Director40 2022-12-01 2023-11-30 05638078 1 2022-12-01 2023-11-30 05638078 2 2022-12-01 2023-11-30 05638078 core:PlantMachinery 2022-12-01 2023-11-30 05638078 core:Vehicles 2022-12-01 2023-11-30 05638078 bus:Director1 2022-12-01 2023-11-30 05638078 bus:Director1 1 2022-12-01 2023-11-30 05638078 countries:England 2022-12-01 2023-11-30 05638078 bus:FRS102 2022-12-01 2023-11-30 05638078 bus:FilletedAccounts 2022-12-01 2023-11-30 05638078 2023-11-30 05638078 core:WithinOneYear 2023-11-30 05638078 core:AfterOneYear 2023-11-30 05638078 core:ShareCapital 2023-11-30 05638078 core:RetainedEarningsAccumulatedLosses 2023-11-30 05638078 core:PlantMachinery 2023-11-30 05638078 core:Vehicles 2023-11-30 05638078 bus:Director1 1 2023-11-30 05638078 2022-11-30 05638078 core:PlantMachinery 2022-11-30 05638078 core:Vehicles 2022-11-30 05638078 bus:Director1 1 2022-11-30 iso4217:GBP xbrli:pure