Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-12-01falseFinancial intermediation not elsewhere classified11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08795734 2022-12-01 2023-11-30 08795734 2021-12-01 2022-11-30 08795734 2023-11-30 08795734 2022-11-30 08795734 c:Director1 2022-12-01 2023-11-30 08795734 d:OfficeEquipment 2022-12-01 2023-11-30 08795734 d:OfficeEquipment 2023-11-30 08795734 d:OfficeEquipment 2022-11-30 08795734 d:ComputerEquipment 2022-12-01 2023-11-30 08795734 d:ComputerEquipment 2023-11-30 08795734 d:ComputerEquipment 2022-11-30 08795734 d:CurrentFinancialInstruments 2023-11-30 08795734 d:CurrentFinancialInstruments 2022-11-30 08795734 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 08795734 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 08795734 d:UKTax 2022-12-01 2023-11-30 08795734 d:UKTax 2021-12-01 2022-11-30 08795734 d:ShareCapital 2023-11-30 08795734 d:ShareCapital 2022-11-30 08795734 d:RetainedEarningsAccumulatedLosses 2023-11-30 08795734 d:RetainedEarningsAccumulatedLosses 2022-11-30 08795734 c:FRS102 2022-12-01 2023-11-30 08795734 c:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 08795734 c:FullAccounts 2022-12-01 2023-11-30 08795734 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08795734 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 08795734









KPZ LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
KPZ LIMITED
 
 
  
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KPZ LIMITED
FOR THE YEAR ENDED 30 NOVEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of KPZ Limited for the year ended 30 November 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the director of KPZ Limited in accordance with the terms of our engagement letter dated 19 September 2024Our work has been undertaken solely to prepare for your approval the financial statements of KPZ Limited and state those matters that we have agreed to state to the director of KPZ Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KPZ Limited and its director for our work or for this report. 

It is your duty to ensure that KPZ Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of KPZ Limited. You consider that KPZ Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of KPZ Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Fraser Russell Limited
 
77 Francis Road
Edgbaston
Birmingham
B16 8SP

19 September 2024
Page 1

 
KPZ LIMITED
REGISTERED NUMBER: 08795734

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 6 
48,211
60,051

Cash at bank and in hand
 7 
36,257
38,003

  
84,468
98,054

Creditors: amounts falling due within one year
 8 
(41,246)
(55,307)

Net current assets
  
 
 
43,222
 
 
42,747

Total assets less current liabilities
  
43,222
42,747

  

Net assets
  
43,222
42,747


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
43,212
42,737

  
43,222
42,747


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 September 2024.




Kauser Parveen
Director

Page 2

 
KPZ LIMITED
REGISTERED NUMBER: 08795734
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
KPZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

KPZ Limited is a company limited by shares incorporated in England within the United Kingdom, having a registration of 08795734. The address of the registered office is 77 Francis Road, Edgbaston, Birmingham, B16 8SP.
The financial statements are presented in sterling which is functional currency of the company and 
rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements has been prepared on a going concern basis which assumes that the company will continue to receive support from creditors and the director as and when required.

Page 4

 
KPZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
KPZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance
Computer equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 6

 
KPZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Taxation


2023
2022
£
£

Corporation tax


Current tax on profits for the year
112
251


112
251


Total current tax
112
251

Deferred tax

Total deferred tax
-
-


Tax on profit
112
251

Factors affecting tax charge for the year

The tax assessed for the year is the same as (2022 - the same as) the standard rate of corporation tax in the UK of 19% (2022 - 19%) as set out below:

2023
2022
£
£


Profit on ordinary activities before tax
587
287


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 19% (2022 - 19%)
112
55

Effects of:


Capital allowances for year in excess of depreciation
-
196

Total tax charge for the year
112
251


Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 7

 
KPZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£





At 1 December 2022
6,374
1,452
7,826


Asset Write off
(6,374)
(1,452)
(7,826)



At 30 November 2023

-
-
-





At 1 December 2022
6,374
1,452
7,826


Asset Write off
(6,374)
(1,452)
(7,826)



At 30 November 2023

-
-
-



Net book value



At 30 November 2023
-
-
-



At 30 November 2022
-
-
-


6.


Debtors

As restated
2023
2022
£
£


Other debtors
44,643
49,230

Prepayments and accrued income
3,568
10,821

48,211
60,051



7.


Cash and cash equivalents

As restated
2023
2022
£
£

Cash at bank and in hand
36,257
38,003

36,257
38,003


Page 8

 
KPZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

8.


Creditors: Amounts falling due within one year

As restated
2023
2022
£
£

Corporation tax
363
251

Other taxation and social security
279
1,366

Other creditors
40,604
41,540

Accruals and deferred income
-
12,150

41,246
55,307



9.


Related party transactions

The director, Kauser Parveen is also a director of GMR Care Limited. 
During the period the company has recieved a loan sum of £Nil from GMR Care Limited. At the year end, the company owed GMR Care Limited £25,510 (2022: 25,510), which is included in creditors due within one year.
The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.
Kauser Parveen is also a director Care and Support Services Ltd
During the period the Company  recieved  a loan sum of £1,337 from the company. At the year end, the company owed  £Nil (2022: £Nil), which is included in creditors due within one year.
The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.
Kauser Parveen is the sole director and shareholder of the company.
During the period the director received a loan sum of £936 from the company. At the year end, the company owed the director £10,594 (2022: £11,530), which is included in creditors due within one year.  
The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.


10.


Controlling party

During the period, the company was under the control of Kauser Parveen who is the sole director and shareholder of the company.

 
Page 9