IRIS Accounts Production v24.3.2.46 07947892 director 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh079478922023-05-31079478922024-05-31079478922023-06-012024-05-31079478922022-05-31079478922022-06-012023-05-31079478922023-05-3107947892ns15:EnglandWales2023-06-012024-05-3107947892ns14:PoundSterling2023-06-012024-05-3107947892ns10:Director12023-06-012024-05-3107947892ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3107947892ns10:SmallEntities2023-06-012024-05-3107947892ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3107947892ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3107947892ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3107947892ns10:FullAccounts2023-06-012024-05-3107947892ns10:RegisteredOffice2023-06-012024-05-3107947892ns5:CurrentFinancialInstruments2024-05-3107947892ns5:CurrentFinancialInstruments2023-05-3107947892ns5:Non-currentFinancialInstruments2024-05-3107947892ns5:Non-currentFinancialInstruments2023-05-3107947892ns5:ShareCapital2024-05-3107947892ns5:ShareCapital2023-05-3107947892ns5:RetainedEarningsAccumulatedLosses2024-05-3107947892ns5:RetainedEarningsAccumulatedLosses2023-05-3107947892ns5:PlantMachinery2023-06-012024-05-3107947892ns5:MotorVehicles2023-06-012024-05-3107947892ns5:ComputerEquipment2023-06-012024-05-3107947892ns5:PlantMachinery2023-05-3107947892ns5:MotorVehicles2023-05-3107947892ns5:ComputerEquipment2023-05-3107947892ns5:PlantMachinery2024-05-3107947892ns5:MotorVehicles2024-05-3107947892ns5:ComputerEquipment2024-05-3107947892ns5:PlantMachinery2023-05-3107947892ns5:MotorVehicles2023-05-3107947892ns5:ComputerEquipment2023-05-3107947892ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3107947892ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3107947892ns5:Secured2024-05-3107947892ns5:Secured2023-05-31
REGISTERED NUMBER: 07947892 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

KP ACOUSTICS LIMITED

KP ACOUSTICS LIMITED (REGISTERED NUMBER: 07947892)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KP ACOUSTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: K Papanagiotou





REGISTERED OFFICE: 31 High Street
Haverhill
Suffolk
CB9 8AD





REGISTERED NUMBER: 07947892 (England and Wales)





ACCOUNTANTS: Streets Hackett Griffey LLP
Accountants & Business Advisers
31 High Street
Haverhill
Suffolk
CB9 8AD

KP ACOUSTICS LIMITED (REGISTERED NUMBER: 07947892)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 276,962 286,464

CURRENT ASSETS
Debtors 5 1,293,542 1,270,983
Cash at bank 249,829 115,270
1,543,371 1,386,253
CREDITORS
Amounts falling due within one year 6 363,058 221,453
NET CURRENT ASSETS 1,180,313 1,164,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,457,275

1,451,264

CREDITORS
Amounts falling due after more than one
year

7

(382,827

)

(204,862

)

PROVISIONS FOR LIABILITIES - (65,748 )
NET ASSETS 1,074,448 1,180,654

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,074,447 1,180,653
SHAREHOLDERS' FUNDS 1,074,448 1,180,654

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

KP ACOUSTICS LIMITED (REGISTERED NUMBER: 07947892)

BALANCE SHEET - continued
31 MAY 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 19 February 2025 and were signed by:





K Papanagiotou - Director


KP ACOUSTICS LIMITED (REGISTERED NUMBER: 07947892)

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

1. STATUTORY INFORMATION

KP Acoustics 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 the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of VAT.

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

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.

Research and development
Research and development expenditure is written off in the profit and loss account in the year in which it is incurred except development expenditure incurred on individual projects. Where the recoverability of this development expenditure can be foreseen with reasonable assurance it is capitalised and amortised in line with sales from the relevant projects.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

KP ACOUSTICS LIMITED (REGISTERED NUMBER: 07947892)

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

2. ACCOUNTING POLICIES - continued

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.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised as income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised as income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 305,083 27,196 7,474 339,753
Additions 78,911 - 8,681 87,592
At 31 May 2024 383,994 27,196 16,155 427,345
DEPRECIATION
At 1 June 2023 33,570 18,951 768 53,289
Charge for year 91,775 2,061 3,258 97,094
At 31 May 2024 125,345 21,012 4,026 150,383
NET BOOK VALUE
At 31 May 2024 258,649 6,184 12,129 276,962
At 31 May 2023 271,513 8,245 6,706 286,464

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 250,466 377,162
Amounts owed by group undertakings 988,378 574,948
Other debtors 54,698 318,873
1,293,542 1,270,983

KP ACOUSTICS LIMITED (REGISTERED NUMBER: 07947892)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 49,167 49,167
Trade creditors 86,584 80,305
Taxation and social security 152,586 15,200
Other creditors 74,721 76,781
363,058 221,453

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 155,695 204,862
Other creditors 227,132 -
382,827 204,862

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - 8,195
Other loans 48,813 -
48,813 8,195

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 204,862 254,029

The bank loan is secured by way of a fixed and floating charge over all of the company's assets.

9. OTHER FINANCIAL COMMITMENTS

At the reporting date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £311,796 (2023: £85,580).