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REGISTERED NUMBER: 07590146 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

KK PRODUCTS AND FOAMS LIMITED

KK PRODUCTS AND FOAMS LIMITED (REGISTERED NUMBER: 07590146)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KK PRODUCTS AND FOAMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: G S Handa



REGISTERED OFFICE: 12-17 Reddicap Trading Estate
Sutton Coldfield
West Midlands
B75 7BU



REGISTERED NUMBER: 07590146 (England and Wales)



ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX



BANKERS: Lloyds TSB
14 Church Street
Rugby
Warwickshire
CV21 3PL

KK PRODUCTS AND FOAMS LIMITED (REGISTERED NUMBER: 07590146)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 666 385

CURRENT ASSETS
Stocks 359,634 382,631
Debtors 5 256,763 221,854
Cash at bank and in hand 324,696 329,169
941,093 933,654
CREDITORS
Amounts falling due within one year 6 329,676 389,559
NET CURRENT ASSETS 611,417 544,095
TOTAL ASSETS LESS CURRENT
LIABILITIES

612,083

544,480

CREDITORS
Amounts falling due after more than one
year

7

(62,742

)

(55,022

)

PROVISIONS FOR LIABILITIES (166 ) -
NET ASSETS 549,175 489,458

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 548,975 489,258
SHAREHOLDERS' FUNDS 549,175 489,458

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KK PRODUCTS AND FOAMS LIMITED (REGISTERED NUMBER: 07590146)

BALANCE SHEET - continued
31 JULY 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 director and authorised for issue on 22 October 2024 and were signed by:





G S Handa - Director


KK PRODUCTS AND FOAMS LIMITED (REGISTERED NUMBER: 07590146)

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

1. STATUTORY INFORMATION

Kk Products And Foams 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 (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
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 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

KK PRODUCTS AND FOAMS LIMITED (REGISTERED NUMBER: 07590146)

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 7,000 3,625 10,625
Additions - 666 666
At 31 July 2024 7,000 4,291 11,291
DEPRECIATION
At 1 August 2023 6,704 3,536 10,240
Charge for year 74 311 385
At 31 July 2024 6,778 3,847 10,625
NET BOOK VALUE
At 31 July 2024 222 444 666
At 31 July 2023 296 89 385

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 255,963 221,854
Prepayments 800 -
256,763 221,854

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,116 29,969
Trade creditors 109,953 135,373
Corporation tax 25,803 26,571
Social security and other taxes - 18,192
Wages control account 3,019 1,347
VAT 30,575 46,927
Other creditors 11,456 386
Directors' current accounts 133,924 127,144
Accrued expenses 3,830 3,650
329,676 389,559

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 36,086
Bank loans - 2-5 years 52,742 18,936
62,742 55,022