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REGISTERED NUMBER: 11803225 (England and Wales)















Kirk P Limited

Unaudited Financial Statements for the Year Ended 29 February 2024






Kirk P Limited (Registered number: 11803225)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Kirk P Limited

Company Information
for the Year Ended 29 February 2024







Director: Peter Stephen Kirk





Registered office: 27 Bryn Road
Connah's Quay
Deeside
CH5 4UT





Registered number: 11803225 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Kirk P Limited (Registered number: 11803225)

Statement of Financial Position
29 February 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 2,250 2,700
Tangible assets 5 29,751 39,668
32,001 42,368

Current assets
Stocks 102,000 120,000
Debtors 6 57,429 65,518
Cash at bank and in hand 15,958 11,013
175,387 196,531
Creditors
Amounts falling due within one year 7 107,428 106,718
Net current assets 67,959 89,813
Total assets less current liabilities 99,960 132,181

Creditors
Amounts falling due after more than
one year

8

(77,723

)

(105,359

)

Provisions for liabilities 9 (7,884 ) (10,512 )
Net assets 14,353 16,310

Kirk P Limited (Registered number: 11803225)

Statement of Financial Position - continued
29 February 2024

2024 2023
Notes £    £    £    £   
Capital and reserves
Called up share capital 10 100 100
Retained earnings 14,253 16,210
Shareholders' funds 14,353 16,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 November 2024 and were signed by:





Peter Stephen Kirk - Director


Kirk P Limited (Registered number: 11803225)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. Statutory information

Kirk P 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise fee are being amortised evenly over their estimated useful life of ten years.

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

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks
Stocks are measured at estimated cost.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.


Kirk P Limited (Registered number: 11803225)

Notes to the Financial Statements - continued
for the Year Ended 29 February 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 statement of financial position 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.

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.

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 1 (2023 - 1 ) .

4. Intangible fixed assets
Franchise
fee
£   
Cost
At 1 March 2023
and 29 February 2024 4,500
Amortisation
At 1 March 2023 1,800
Amortisation for year 450
At 29 February 2024 2,250
Net book value
At 29 February 2024 2,250
At 28 February 2023 2,700

Kirk P Limited (Registered number: 11803225)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. Tangible fixed assets
Motor
vehicles
£   
Cost
At 1 March 2023
and 29 February 2024 110,300
Depreciation
At 1 March 2023 70,632
Charge for year 9,917
At 29 February 2024 80,549
Net book value
At 29 February 2024 29,751
At 28 February 2023 39,668

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 45,144 45,055
Other debtors 12,285 20,463
57,429 65,518

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loan 10,000 10,000
Hire purchase contracts 12,472 16,661
Trade creditors 51,718 40,439
Taxation and social security 17,856 24,918
Other creditors 15,382 14,700
107,428 106,718

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loan 17,769 22,500
Hire purchase contracts 18,948 31,660
Other creditors 41,006 51,199
77,723 105,359

Kirk P Limited (Registered number: 11803225)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 7,884 10,512

Deferred
tax
£   
Balance at 1 March 2023 10,512
Credit to Statement of Income and Retained Earnings during year (2,628 )
Balance at 29 February 2024 7,884

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

11. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Peter Stephen Kirk
Balance outstanding at start of year 19,396 -
Amounts advanced 107,762 95,941
Amounts repaid (115,263 ) (76,545 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,895 19,396