K.R.P. SUPPLIES LIMITED

Company Registration Number:
03947496 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

K.R.P. SUPPLIES LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Additional notes
Balance sheet notes

K.R.P. SUPPLIES LIMITED

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 66,087 85,698
Total fixed assets: 66,087 85,698
Current assets
Stocks: 4 228,709 212,622
Debtors: 5 437,125 839,088
Cash at bank and in hand: 2,753,238 1,218,137
Total current assets: 3,419,072 2,269,847
Creditors: amounts falling due within one year: 6 ( 1,058,052 ) ( 535,345 )
Net current assets (liabilities): 2,361,020 1,734,502
Total assets less current liabilities: 2,427,107 1,820,200
Creditors: amounts falling due after more than one year: 7 ( 242,530 ) ( 85,705 )
Total net assets (liabilities): 2,184,577 1,734,495
Capital and reserves
Called up share capital: 1,001 1,001
Profit and loss account: 2,183,576 1,733,494
Total Shareholders' funds: 2,184,577 1,734,495

The notes form part of these financial statements

K.R.P. SUPPLIES LIMITED

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 17 September 2024
and signed on behalf of the board by:

Name: Mr K Busby
Status: Director

The notes form part of these financial statements

K.R.P. SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents net invoiced sales of goods excluding value added tax

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a financial lease, over the lease term, whichever is the shorter Fixtures & Fittings 10% on reducing balance Plant & Equipment 33% on reducing balance Motor Vehicles 25% on reducing balance Computer Equipment 33% on reducing balance

    Valuation information and policy

    Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving stock

K.R.P. SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 9 9

K.R.P. SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 38,974 1,313 160 45,251 85,698
Additions 5,149 875 762 6,786
Disposals
Revaluations
Transfers
At 30 April 2024 44,123 2,188 922 45,251 92,484
Depreciation
At 1 May 2023 0 0 0 0 0
Charge for year 14,561 219 304 11,313 26,397
On disposals
Other adjustments
At 30 April 2024 14,561 219 304 11,313 26,397
Net book value
At 30 April 2024 29,562 1,969 618 33,938 66,087
At 30 April 2023 38,974 1,313 160 45,251 85,698

K.R.P. SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Stocks

2024 2023
£ £
Stocks 228,709 212,622
Total 228,709 212,622

K.R.P. SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Debtors

2024 2023
£ £
Trade debtors 437,125 839,088
Total 437,125 839,088

K.R.P. SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 912,571 473,756
Taxation and social security 145,481 61,589
Total 1,058,052 535,345

K.R.P. SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 242,530 85,705
Total 242,530 85,705