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Registered Number: 04182948
England and Wales

 

 

 

KIRKPATRICK & HOPES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 3,084    2,668 
3,084    2,668 
Current assets      
Debtors 5 51,991    94,246 
Cash at bank and in hand 229,487    197,949 
281,478    292,195 
Creditors: amount falling due within one year 6 (153,861)   (160,643)
Net current assets 127,617    131,552 
 
Total assets less current liabilities 130,701    134,220 
Provisions for liabilities 7 (458)   (458)
Net assets 130,243    133,762 
 

Capital and reserves
     
Called up share capital 743    743 
Share premium account 8 8,763    8,763 
Capital Redemption Reserve 9 350    350 
Profit and loss account 120,387    123,906 
Shareholders' funds 130,243    133,762 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 10 March 2025 and were signed on its behalf by:


-------------------------------
A R Gray
Director
1
General Information
Kirkpatrick & Hopes Limited is a private company, limited by shares, registered in England and Wales, registration number 04182948, registration address Merlin House, Brunel Road Theale, Reading, Berkshire, RG7 4AB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern
The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts as adjusted for amounts recoverable on contracts and fees in advance. Income in respect of contracts for services is recognised when the company obtains the right to consideration. 
Operating lease agreements
Rentals paid under operating leases are charged to profit or loss on a straight line casis over the period of the lease.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income, 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 statement of financial position date.
Deferred taxation
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 and 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.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life.

If there is an indication that there has been a significant change in amortisation rate or residual value of an asset, the amortisation of that asset is revised prospectively to reflect the new expectations.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and machinery - 25% reducing balance
Computer equipment - 33% reducing balance


At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured at initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised costs using the effective interest method.
2.

Average number of employees


Average number of employees during the year was 11 (2023 : 11).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 January 2024 304,053    304,053 
Additions  
Disposals  
At 31 December 2024 304,053    304,053 
Amortisation
At 01 January 2024 304,053    304,053 
Charge for year  
On disposals  
At 31 December 2024 304,053    304,053 
Net book values
At 31 December 2024  
At 31 December 2023  


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 January 2024 1,232    9,286    10,518 
Additions    
Disposals    
At 31 December 2024 1,232    9,286    10,518 
Depreciation
At 01 January 2024 358    6,030    6,388 
Charge for year 19    1,027    1,046 
On disposals    
At 31 December 2024 377    7,057    7,434 
Net book values
Closing balance as at 31 December 2024 855    2,229    3,084 
Opening balance as at 01 January 2024 74    2,594    2,668 


5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 18,497    32,354 
Prepayments & Accrued Income 26,015    30,976 
Other Debtors 7,479    30,916 
51,991    94,246 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 15,314    15,662 
Corporation Tax 6,291    3,369 
PAYE & Social Security 46,688    50,293 
Accruals and Deferred Income 82,648    87,875 
Other Creditors 2,920    3,444 
153,861    160,643 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 458    458 
458    458 

8.

Share premium account

2024
£
  2023
£
Equity Share Premium b/fwd 8,763    8,763 
8,763    8,763 

9.

Capital Redemption Reserve

2024
£
  2023
£
Capital Redemption Reserve b/fwd 350    350 
350    350 

10.

Ultimate controlling party

The ultimate controlling party is AR Gray
2