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REGISTERED NUMBER: 02685392 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

KEMPS PUBLISHING LIMITED

KEMPS PUBLISHING LIMITED (REGISTERED NUMBER: 02685392)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Report of the Directors 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


KEMPS PUBLISHING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M A Jennings
L J Markham
A J Markham





REGISTERED OFFICE: 8 The Courtyard
707 Warwick Road
Solihull
B91 3DA





REGISTERED NUMBER: 02685392 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

KEMPS PUBLISHING LIMITED (REGISTERED NUMBER: 02685392)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2024


The directors present their report with the financial statements of the company for the year ended 31 March 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

M A Jennings
L J Markham
A J Markham

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M A Jennings - Director


4 October 2024

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
KEMPS PUBLISHING LIMITED



In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kemps Publishing Limited for the year ended 31 March 2024 which comprise the Income Statement, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kemps Publishing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kemps Publishing Limited and state those matters that we have agreed to state to the Board of Directors of Kemps Publishing Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kemps Publishing Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kemps Publishing 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 loss of Kemps Publishing Limited. You consider that Kemps Publishing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kemps Publishing 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.






Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG


4 October 2024

KEMPS PUBLISHING LIMITED (REGISTERED NUMBER: 02685392)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
£    £    £    £   

TURNOVER 1,465,910 1,507,612

Changes in stocks of finished goods
and work in progress

2,241

(9,981

)
1,468,151 1,497,631

Raw materials and consumables 113,869 103,799
Other external expenses 444,266 426,002
558,135 529,801
910,016 967,830

Staff costs 3 905,074 910,977
Depreciation 22,586 26,285
927,660 937,262
OPERATING (LOSS)/PROFIT (17,644 ) 30,568

Interest receivable and similar
income

257

378
(17,387 ) 30,946

Interest payable and similar
expenses

1,790

2,086
(LOSS)/PROFIT BEFORE TAXATION (19,177 ) 28,860

Tax on (loss)/profit (3,500 ) 5,250
(LOSS)/PROFIT FOR THE
FINANCIAL YEAR

(15,677

)

23,610

KEMPS PUBLISHING LIMITED (REGISTERED NUMBER: 02685392)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 58,911 54,087
58,911 54,087

CURRENT ASSETS
Stocks 114,795 112,554
Debtors 6 1,037,143 1,048,003
Cash at bank 176,952 202,530
1,328,890 1,363,087
CREDITORS
Amounts falling due within one year 7 224,930 229,926
NET CURRENT ASSETS 1,103,960 1,133,161
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,162,871

1,187,248

CREDITORS
Amounts falling due after more than
one year

8

(15,833

)

(25,833

)

PROVISIONS FOR LIABILITIES (10,300 ) (9,000 )
NET ASSETS 1,136,738 1,152,415

CAPITAL AND RESERVES
Called up share capital 175,000 175,000
Share premium 195,000 195,000
Capital redemption reserve 220,000 220,000
Retained earnings 546,738 562,415
1,136,738 1,152,415

KEMPS PUBLISHING LIMITED (REGISTERED NUMBER: 02685392)

BALANCE SHEET - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by:




M A Jennings - Director



L J Markham - Director


KEMPS PUBLISHING LIMITED (REGISTERED NUMBER: 02685392)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Kemps Publishing 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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


KEMPS PUBLISHING LIMITED (REGISTERED NUMBER: 02685392)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 299,741
AMORTISATION
At 1 April 2023
and 31 March 2024 299,741
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

KEMPS PUBLISHING LIMITED (REGISTERED NUMBER: 02685392)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 349,649 84,990 434,639
Additions 27,410 - 27,410
Disposals (186,584 ) - (186,584 )
At 31 March 2024 190,475 84,990 275,465
DEPRECIATION
At 1 April 2023 333,437 47,115 380,552
Charge for year 9,911 12,675 22,586
Eliminated on disposal (186,584 ) - (186,584 )
At 31 March 2024 156,764 59,790 216,554
NET BOOK VALUE
At 31 March 2024 33,711 25,200 58,911
At 31 March 2023 16,212 37,875 54,087

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 273,540 288,889
Amounts owed by participating interests 718,049 718,049
Other debtors 45,554 41,065
1,037,143 1,048,003

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 93,728 78,103
Taxation and social security 92,000 110,207
Other creditors 29,202 31,616
224,930 229,926

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 15,833 25,833