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REGISTERED NUMBER: 06623677 (England and Wales)


























FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

VAN KAPPEL LIMITED

VAN KAPPEL LIMITED (REGISTERED NUMBER: 06623677)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VAN KAPPEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mr R W Van Kappel
Mr P A M Van Kappel





SECRETARY: Mr P A M Van Kappel





REGISTERED OFFICE: Unit 1 Roman Way
Crusader Park
Warminster
Wiltshire
BA12 8SP





REGISTERED NUMBER: 06623677 (England and Wales)





AUDITORS: Langdowns DFK Limited
Statutory Auditor
Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD

VAN KAPPEL LIMITED (REGISTERED NUMBER: 06623677)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 65,167 82,167
Tangible assets 6 743,149 756,908
Investments 7 1 1
808,317 839,076

CURRENT ASSETS
Stocks 254,487 127,161
Debtors 8 588,729 377,639
Cash at bank and in hand 517,557 331,594
1,360,773 836,394
CREDITORS
Amounts falling due within one year 9 1,111,824 733,768
NET CURRENT ASSETS 248,949 102,626
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,057,266

941,702

CREDITORS
Amounts falling due after more than one
year

10

-

(184,697

)

PROVISIONS FOR LIABILITIES (1,681 ) -
NET ASSETS 1,055,585 757,005

CAPITAL AND RESERVES
Called up share capital 12 10,000 10,000
Retained earnings 1,045,585 747,005
SHAREHOLDERS' FUNDS 1,055,585 757,005

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 2nd September 2024 and were signed on its behalf by:





Mr R W Van Kappel - Director


VAN KAPPEL LIMITED (REGISTERED NUMBER: 06623677)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Van Kappel 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 (£).


These financial statements cover Van Kappel Limited as an individual entity.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

Income from the rendering of services is recognised in accordance with Section 23 of FRS 102, such that when the outcome of a transaction involving the rendering of services can be estimated reliably, the company recognises revenue associated with the transaction by reference to the stage of completion of the transaction at the end of the reporting period. When the outcome of the transaction involving the rendering of services cannot be estimated reliably, the company recognises revenue only to the extent of the expenses recognised that it is probable will be recovered.

As a result of this, until final testing has been completed and passed in relation to a specific service contract, revenue is only recognised up to the value of expenses incurred that will be recoverable. After testing has been completed and passed, revenue including the expected profit element is recognised based upon the stage of completion.

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually upon dispatch of the goods.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intellectual property rights are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% straight line
Plant and machinery - 25% straight line
Fixtures and fittings - 20% straight line
Motor vehicles - 25% straight line
Computer equipment - 33.33% straight line

All fixed assets are initially recorded at cost. No depreciation is charged on freehold land.

VAN KAPPEL LIMITED (REGISTERED NUMBER: 06623677)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


3. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

The cost of stock is measured using the weighted average cost method.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company contributes to defined contribution pension schemes. Contributions payable to the pension schemes are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Investments in joint ventures
Investments in joint ventures are accounted for at cost less impairment.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

VAN KAPPEL LIMITED (REGISTERED NUMBER: 06623677)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


5. INTANGIBLE FIXED ASSETS
Intellectual
property
rights
£   
COST
At 1st January 2023
and 31st December 2023 85,000
AMORTISATION
At 1st January 2023 2,833
Amortisation for year 17,000
At 31st December 2023 19,833
NET BOOK VALUE
At 31st December 2023 65,167
At 31st December 2022 82,167

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1st January 2023 792,186 30,751 11,537
Additions - - -
At 31st December 2023 792,186 30,751 11,537
DEPRECIATION
At 1st January 2023 45,116 26,903 8,548
Charge for year 11,279 1,632 2,259
At 31st December 2023 56,395 28,535 10,807
NET BOOK VALUE
At 31st December 2023 735,791 2,216 730
At 31st December 2022 747,070 3,848 2,989

VAN KAPPEL LIMITED (REGISTERED NUMBER: 06623677)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


6. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st January 2023 14,960 4,441 853,875
Additions - 3,960 3,960
At 31st December 2023 14,960 8,401 857,835
DEPRECIATION
At 1st January 2023 14,960 1,440 96,967
Charge for year - 2,549 17,719
At 31st December 2023 14,960 3,989 114,686
NET BOOK VALUE
At 31st December 2023 - 4,412 743,149
At 31st December 2022 - 3,001 756,908

7. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1st January 2023
and 31st December 2023 1
NET BOOK VALUE
At 31st December 2023 1
At 31st December 2022 1

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 306,080 207,675
Amounts recoverable on contracts 262,838 152,434
Other debtors 19,811 17,530
588,729 377,639

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 32,850
Trade creditors 172,455 56,847
Amounts owed to group undertakings 676,272 439,295
Taxation and social security 209,854 136,494
Other creditors 53,243 68,282
1,111,824 733,768

VAN KAPPEL LIMITED (REGISTERED NUMBER: 06623677)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 184,697

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 217,547

The bank loan was secured by way of a fixed charge over the Freehold Property.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary £1 10,000 10,000

13. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Neil Raynsford (Senior Statutory Auditor)
for and on behalf of Langdowns DFK Limited

14. OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £14,675 (2022: £nil). This amount was in relation to operating lease commitments payable over the next 3 years.

15. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.

Gebr. van Kappel Beheer BV (incorporated in The Netherlands) is regarded by the directors as being the company's ultimate parent company. The registered address of Gebr. van Kappel Beheer BV is Rudolf Dieselweg 34B, 5928 RA, Venlo-Blerick, The Netherlands.