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REGISTERED NUMBER: 05741844 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 April 2024

for

KRR (UK) Limited

KRR (UK) Limited (Registered number: 05741844)






Contents of the Financial Statements
For The Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KRR (UK) Limited

Company Information
For The Year Ended 30 April 2024







DIRECTORS: M J Anderson
K Anderson





REGISTERED OFFICE: Home Farm Business Unit 7
Loseley Park
Guildford
Surrey
GU3 1HS





REGISTERED NUMBER: 05741844 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

KRR (UK) Limited (Registered number: 05741844)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 210,464 235,881

CURRENT ASSETS
Stocks 618,449 523,201
Debtors 5 2,068,085 2,078,282
Cash at bank and in hand 1,103,077 1,199,134
3,789,611 3,800,617
CREDITORS
Amounts falling due within one year 6 818,098 1,066,055
NET CURRENT ASSETS 2,971,513 2,734,562
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,181,977

2,970,443

CREDITORS
Amounts falling due after more than one
year

7

(23,094

)

(52,136

)

PROVISIONS FOR LIABILITIES (52,616 ) (45,997 )
NET ASSETS 3,106,267 2,872,310

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,106,167 2,872,210
3,106,267 2,872,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

KRR (UK) Limited (Registered number: 05741844)

Balance Sheet - continued
30 April 2024


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 23 September 2024 and were signed on its behalf by:





M J Anderson - Director


KRR (UK) Limited (Registered number: 05741844)

Notes to the Financial Statements
For The Year Ended 30 April 2024

1. STATUTORY INFORMATION

KRR (UK) 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and is recognised as services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the lease term
Plant & machinery - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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

Taxation
Taxation represents the sum of tax currently payable, and deferred tax if material.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

KRR (UK) Limited (Registered number: 05741844)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 31 (2023 - 33 ) .

4. TANGIBLE FIXED ASSETS
Short Plant & Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 69,706 415,619 171,013 73,795 730,133
Additions - 15,523 23,797 2,515 41,835
At 30 April 2024 69,706 431,142 194,810 76,310 771,968
DEPRECIATION
At 1 May 2023 69,706 281,897 73,917 68,732 494,252
Charge for year - 33,025 30,373 3,854 67,252
At 30 April 2024 69,706 314,922 104,290 72,586 561,504
NET BOOK VALUE
At 30 April 2024 - 116,220 90,520 3,724 210,464
At 30 April 2023 - 133,722 97,096 5,063 235,881

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 743,585 768,977
Amounts owed by group undertakings 1,291,736 1,291,736
Other debtors 17,148 -
Directors' current accounts - 4,945
Prepayments 15,616 12,624
2,068,085 2,078,282

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 9,977 9,768
Hire purchase contracts 19,013 19,013
Trade creditors 209,469 518,126
Corporation tax 167,348 79,808
Social security and other taxes - 42,927
VAT 292,882 298,476
Other creditors 2,340 5,637
Accrued expenses 117,069 92,300
818,098 1,066,055

KRR (UK) Limited (Registered number: 05741844)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 19,925 29,955
Hire purchase contracts 3,169 22,181
23,094 52,136

8. LEASE COMMITMENTS

At 30th April 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £287,215 (2023: £170,400).

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
M J Anderson
Balance outstanding at start of year 4,945 -
Amounts advanced - 5,380
Amounts repaid (4,945 ) (435 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 4,945

The loan was repaid on 21st September 2023

10. ULTIMATE CONTROLLING PARTY

At the balance sheet date the company was controlled by Mr & Mrs Anderson, who between them held 100% of the parent company Anderson Holdings (KRR) Ltd