13 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3,120 104 624 728 2,392 3,016 xbrli:pure xbrli:shares iso4217:GBP 06011424 2023-02-01 2024-01-31 06011424 2024-01-31 06011424 2023-01-31 06011424 2022-02-01 2023-01-31 06011424 2023-01-31 06011424 2022-01-31 06011424 core:LandBuildings core:LongLeaseholdAssets 2023-02-01 2024-01-31 06011424 core:PlantMachinery 2023-02-01 2024-01-31 06011424 core:MotorVehicles 2023-02-01 2024-01-31 06011424 bus:Director1 2023-02-01 2024-01-31 06011424 core:LandBuildings 2023-01-31 06011424 core:PlantMachinery 2023-01-31 06011424 core:MotorVehicles 2023-01-31 06011424 core:LandBuildings 2024-01-31 06011424 core:PlantMachinery 2024-01-31 06011424 core:MotorVehicles 2024-01-31 06011424 core:LandBuildings 2023-02-01 2024-01-31 06011424 core:WithinOneYear 2024-01-31 06011424 core:WithinOneYear 2023-01-31 06011424 core:AfterOneYear 2024-01-31 06011424 core:AfterOneYear 2023-01-31 06011424 core:ShareCapital 2024-01-31 06011424 core:ShareCapital 2023-01-31 06011424 core:RetainedEarningsAccumulatedLosses 2024-01-31 06011424 core:RetainedEarningsAccumulatedLosses 2023-01-31 06011424 core:BetweenOneFiveYears 2024-01-31 06011424 core:BetweenOneFiveYears 2023-01-31 06011424 core:AcceleratedTaxDepreciationDeferredTax 2024-01-31 06011424 core:AcceleratedTaxDepreciationDeferredTax 2023-01-31 06011424 core:TaxLossesCarry-forwardsDeferredTax 2023-01-31 06011424 core:LandBuildings 2023-01-31 06011424 core:PlantMachinery 2023-01-31 06011424 core:MotorVehicles 2023-01-31 06011424 bus:SmallEntities 2023-02-01 2024-01-31 06011424 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 06011424 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 06011424 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06011424 bus:FullAccounts 2023-02-01 2024-01-31 06011424 core:IntangibleAssetsOtherThanGoodwill 2023-02-01 2024-01-31 06011424 core:OfficeEquipment 2023-02-01 2024-01-31 06011424 core:IntangibleAssetsOtherThanGoodwill 2024-01-31 06011424 core:IntangibleAssetsOtherThanGoodwill 2023-01-31 06011424 core:OfficeEquipment 2023-01-31 06011424 core:OfficeEquipment 2024-01-31 06011424 core:AfterOneYear 2023-02-01 2024-01-31
COMPANY REGISTRATION NUMBER: 06011424
KDP Portable Accommodation Services (2007) Ltd
Filleted Unaudited Financial Statements
For the year ended
31 January 2024
KDP Portable Accommodation Services (2007) Ltd
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
5
2,392
3,016
Tangible assets
6
186,337
175,527
---------
---------
188,729
178,543
Current assets
Stocks
2,625
2,625
Debtors
7
307,089
160,519
Cash at bank and in hand
22,540
53,960
---------
---------
332,254
217,104
Creditors: amounts falling due within one year
8
173,406
167,360
---------
---------
Net current assets
158,848
49,744
---------
---------
Total assets less current liabilities
347,577
228,287
Creditors: amounts falling due after more than one year
9
36,136
37,332
Provisions
Deferred taxation
46,086
43,173
---------
---------
Net assets
265,355
147,782
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
265,255
147,682
---------
---------
Shareholders funds
265,355
147,782
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
KDP Portable Accommodation Services (2007) Ltd
Statement of Financial Position (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 16 October 2024 , and are signed on behalf of the board by:
K D Pounder
Director
Company registration number: 06011424
KDP Portable Accommodation Services (2007) Ltd
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Potton House, Wyboston Lakes, Great North Road, Wyboston, Bedford, MK44 3BZ. The company's trading address is 3 Steel Close, Eaton Socon, St Neots, PE19 8TT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and of value added tax. In respect of long-term contracts and contracts for on-going services, turnover is recognised with reference to the work done in the year or the stage of completion at the end of the year. Taxation The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference. Operating leases Lease payments are recognised as an expense and lease receipts are recognised as income over the lease term on a straight-line basis . Intangible assets Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Website
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold improvements
-
25% reducing balance
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Lease and hire purchase payments are apportioned between the finance charges and reduction of the outstanding lease liability using the sum of the digits method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Pension costs
Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 13 (2023: 12 ).
5. Intangible assets
Website
£
Cost
At 1 February 2023 and 31 January 2024
3,120
-------
Amortisation
At 1 February 2023
104
Charge for the year
624
-------
At 31 January 2024
728
-------
Carrying amount
At 31 January 2024
2,392
-------
At 31 January 2023
3,016
-------
6. Tangible assets
Leasehold improvements
Plant and machinery
Motor vehicles
Office equipment
Total
£
£
£
£
£
Cost
At 1 February 2023
20,605
111,820
145,932
23,665
302,022
Additions
14,397
54,189
583
69,169
Disposals
( 3,524)
( 31,990)
( 35,514)
--------
---------
---------
--------
---------
At 31 January 2024
20,605
122,693
168,131
24,248
335,677
--------
---------
---------
--------
---------
Depreciation
At 1 February 2023
12,099
36,876
55,320
22,200
126,495
Charge for the year
2,131
13,011
25,714
1,380
42,236
Disposals
( 1,421)
( 17,970)
( 19,391)
--------
---------
---------
--------
---------
At 31 January 2024
14,230
48,466
63,064
23,580
149,340
--------
---------
---------
--------
---------
Carrying amount
At 31 January 2024
6,375
74,227
105,067
668
186,337
--------
---------
---------
--------
---------
At 31 January 2023
8,506
74,944
90,612
1,465
175,527
--------
---------
---------
--------
---------
7. Debtors
2024
2023
£
£
Trade debtors
240,399
107,312
Other debtors
66,690
53,207
---------
---------
307,089
160,519
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
2,500
2,500
Trade creditors
30,607
79,574
Social security and other taxes
66,817
16,798
Other creditors
73,482
68,488
---------
---------
173,406
167,360
---------
---------
Included within other creditors is an amount of £42,317 (2023: £39,351) relating to assets acquired under hire purchase agreements. Hire purchase agreements are secured on the assets concerned.
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
5,417
7,917
Other creditors
30,719
29,415
--------
--------
36,136
37,332
--------
--------
Included within other creditors is an amount of £30,719 (2023: £29,415) relating to assets acquired under hire purchase agreements. Hire purchase agreements are secured on the assets concerned.
10. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in debtors (note 7)
311
Included in provisions
( 46,086)
( 43,173)
--------
--------
( 46,086)
( 42,862)
--------
--------
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Accelerated capital allowances
46,086
43,173
Unused tax losses
( 311)
--------
--------
46,086
42,862
--------
--------
11. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Later than 1 year and not later than 5 years
52,430
48,180
--------
--------