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REGISTERED NUMBER: 04877082 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

KPACK (UK) LIMITED

KPACK (UK) LIMITED (REGISTERED NUMBER: 04877082)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


KPACK (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: D L Kendrick
A R Kendrick





SECRETARY: D L Kendrick





REGISTERED OFFICE: Egg Packing Centre
B3181
Uffculme
Cullompton
Devon
EX15 3FA





REGISTERED NUMBER: 04877082 (England and Wales)





ACCOUNTANTS: Sheppard Rockey & Williams Ltd
Sannerville Chase
Exminster
Exeter
Devon
EX6 8AT

KPACK (UK) LIMITED (REGISTERED NUMBER: 04877082)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 78,206 46,663
78,206 46,663

CURRENT ASSETS
Stocks 6 103,131 83,590
Debtors 7 248,473 157,958
Cash at bank and in hand 23,414 971,206
375,018 1,212,754
CREDITORS
Amounts falling due within one year 8 452,616 1,250,259
NET CURRENT LIABILITIES (77,598 ) (37,505 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

608

9,158

CREDITORS
Amounts falling due after more than one year 9 (12,954 ) (24,238 )

PROVISIONS FOR LIABILITIES (555 ) (555 )
NET LIABILITIES (12,901 ) (15,635 )

CAPITAL AND RESERVES
Called up share capital 11 500 500
Retained earnings (13,401 ) (16,135 )
SHAREHOLDERS' FUNDS (12,901 ) (15,635 )

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

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

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.

KPACK (UK) LIMITED (REGISTERED NUMBER: 04877082)

BALANCE SHEET - continued
31 AUGUST 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 Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:




D L Kendrick - Director



A R Kendrick - Director


KPACK (UK) LIMITED (REGISTERED NUMBER: 04877082)

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

1. STATUTORY INFORMATION

Kpack (UK) 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 represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Lorries - 25% on cost
Freehold land - freehold land no depreciation
Improvements to property - 5% on cost
Plant and equipment - 25% on cost
Office furniture and equipment - 25% on cost
Motor vehicles - 25% 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.


KPACK (UK) LIMITED (REGISTERED NUMBER: 04877082)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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 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.

Going concern
The financial statements have been prepared on the going concern basis. The directors have confirmed that adequate finance will be available to enable the company to continue as a going concern for at least 12 months after the date of the approval of the statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 140,000
AMORTISATION
At 1 September 2023
and 31 August 2024 140,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

KPACK (UK) LIMITED (REGISTERED NUMBER: 04877082)

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

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to
Lorries land property
£    £    £   
COST
At 1 September 2023 117,465 - 39,038
Additions - 42,722 -
At 31 August 2024 117,465 42,722 39,038
DEPRECIATION
At 1 September 2023 95,715 - 30,224
Charge for year 7,250 - 1,952
At 31 August 2024 102,965 - 32,176
NET BOOK VALUE
At 31 August 2024 14,500 42,722 6,862
At 31 August 2023 21,750 - 8,814

Office
furniture
Plant and and Motor
equipment equipment vehicles Totals
£    £    £    £   
COST
At 1 September 2023 66,637 74,082 72,373 369,595
Additions 143 5,590 - 48,455
At 31 August 2024 66,780 79,672 72,373 418,050
DEPRECIATION
At 1 September 2023 61,004 70,816 65,173 322,932
Charge for year 2,539 2,771 2,400 16,912
At 31 August 2024 63,543 73,587 67,573 339,844
NET BOOK VALUE
At 31 August 2024 3,237 6,085 4,800 78,206
At 31 August 2023 5,633 3,266 7,200 46,663

6. STOCKS
31.8.24 31.8.23
£    £   
Stocks 103,131 83,590

KPACK (UK) LIMITED (REGISTERED NUMBER: 04877082)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 139,091 119,584
Other debtors 109,382 38,374
248,473 157,958

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 9,546 9,291
Hire purchase contracts (see note 10) - 3,284
Trade creditors 146,615 105,310
Taxation and social security 28,280 23,934
Other creditors 268,175 1,108,440
452,616 1,250,259

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 12,954 23,208
Hire purchase contracts (see note 10) - 1,030
12,954 24,238

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.8.24 31.8.23
£    £   
Net obligations repayable:
Within one year - 3,284
Between one and five years - 1,030
- 4,314

KPACK (UK) LIMITED (REGISTERED NUMBER: 04877082)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
300 Ordinary 'A' £1 300 300
100 Ordinary 'B' £1 100 100
50 Ordinary 'C' £1 50 50
50 Ordinary 'D' £1 50 50
500 500

12. RELATED PARTY DISCLOSURES

Included in other creditors falling due within one year is a loan from the directors of £209,473 (2023 £1,128,980). The loan is interest free, unsecured and repayable on demand.

Included in other creditors falling due within one year is a loan from a related party of £45,592 (2023 - £13,855 other debtor). This loan is interest free, unsecured and repayable on demand.

Included in other debtors falling due within one year is a loan to a related party of £2,514 (2023 - £12,933). This loan is interest free, unsecured and repayable on demand.