REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 June 2024 |
for |
KPDL Ltd |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 June 2024 |
for |
KPDL Ltd |
KPDL Ltd (Registered number: 11433593) |
Contents of the Financial Statements |
for the Year Ended 30 June 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
KPDL Ltd |
Company Information |
for the Year Ended 30 June 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
17-19 Park Street |
Lytham |
Lancashire |
FY8 5LU |
KPDL Ltd (Registered number: 11433593) |
Abridged Balance Sheet |
30 June 2024 |
2024 | 2023 |
£ | £ |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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 were approved by the Board of Directors and authorised for issue on |
KPDL Ltd (Registered number: 11433593) |
Notes to the Financial Statements |
for the Year Ended 30 June 2024 |
1. | STATUTORY INFORMATION |
KPDL Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Stocks and work in progress |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Development properties are recorded at cost. Land held for development, including land in the course of development until legal completion of sale, is recorded at cost, includes associated acquisition costs and contains no addition for overheads. |
Costs include direct materials and consumables, subcontract work, other direct costs and those overheads that have been incurred in bringing the inventories to their present location and condition, including lending fees and charges where they relate directly to each particular project. |
Housing stocks are valued at the lower of cost and net realisable value. |
Work in progress is valued at prime cost of labour and materials with an addition for overheads other than those for general administration. |
Provisions are made, where appropriate, to reduce the value of stocks and work in progress to estimated realisable value. Net realisable value is assessed by estimating selling prices and costs to complete. |
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, measured using tax rates 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 NIL (2023 - NIL). |
KPDL Ltd (Registered number: 11433593) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
A loan was outstanding at the year end owed to the director Mr K Koutsokostas, the total owed at the year end to Mr K Koutsokostas was £58,000 (2023: £491,500) included in creditors within one year. |
Interest is charged on overdrawn balances at the beneficial rate. |
5. | RELATED PARTY DISCLOSURES |
Included in other debtors is an amount of £190,000 (2023: NIL) which relates to an intercompany loan paid to PDM Industries Limited, a company owned by the director Mr Peter Marquis. This is repayable on demand. |