Registered number: 04146354 | ||||||||
FOR THE YEAR ENDED 30/06/2024 | ||||||||
Prepared By: | ||||||||
Anstee Gorst | ||||||||
Unit 4 Eaton Court | ||||||||
Colmworth Business Park | ||||||||
Eaton Socon | ||||||||
Cambridgeshire | ||||||||
PE19 8ER |
K2 Partners Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/06/2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Bedfordshrie | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 04146354 | ||||||||
ACCOUNTANTS | ||||||||
Anstee Gorst | ||||||||
Unit 4 Eaton Court | ||||||||
Colmworth Business Park | ||||||||
Eaton Socon | ||||||||
Cambridgeshire | ||||||||
PE19 8ER |
K2 Partners Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30/06/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
K2 Partners Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
Investment Assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
225,098 | 182,884 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 104,235 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 6,667 | 11,250 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | 149,169 | 95,027 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
K2 Partners Ltd | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/06/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Commercial Vehicles | reducing balance 25% | |||||||
Equipment | straight line 33.33% |
1c. Foreign Currency | ||||||||
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated. |
1d. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. | ||||||||
Provisions are made for permanent fluctuations in value. |
1e. Turnover | ||||||||
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. |
K2 Partners Ltd | ||||||||
2. TANGIBLE FIXED ASSETS | ||||||
Commercial | ||||||
Vehicles | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/07/2023 | - | 10,335 | 10,335 | |||
Additions | 37,364 | 1,121 | 38,485 | |||
At 30/06/2024 | 37,364 | 11,456 | 48,820 | |||
Depreciation | ||||||
At 01/07/2023 | - | 7,823 | 7,823 | |||
For the year | 5,189 | 2,133 | 7,322 | |||
At 30/06/2024 | 5,189 | 9,956 | 15,145 | |||
Net Book Amounts | ||||||
At 30/06/2024 | 33,675 | |||||
At 30/06/2023 | 2,512 | |||||
3. FINANCIAL ASSETS | |||||||||
Other | |||||||||
Investments | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 01/07/2023 | 10 | 10 | |||||||
At 30/06/2024 | 10 | 10 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 30/06/2024 | 10 | 10 | |||||||
At 30/06/2023 | 10 | 10 | |||||||
Other investments represents 10 ordinary shares in Build Homes Better Ltd | |||||||||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 17,201 | 11,197 | ||||||
Other debtors | 868 | 5,568 | ||||||
Prepayments | 3,043 | 2,716 | ||||||
21,112 | 19,481 | |||||||
Amounts falling due over more than one year | ||||||||
Long term debtor | 69,626 | 19,613 | ||||||
69,626 | 19,613 | |||||||
Included with in other debtors are Debenture loans totalling £19,613 (2023 - £19,613) falling due after more than one year. The director does not consider there to be any impairment to the loan. | ||||||||
K2 Partners Ltd | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 29,986 | 22,990 | ||||||
VAT | 10,279 | 11,265 | ||||||
PAYE control | 1,010 | - | ||||||
Salaries and wages control | 2,928 | - | ||||||
Directors current account | 2,710 | 15,583 | ||||||
Loans | 5,000 | 5,000 | ||||||
Credit card | 362 | 373 | ||||||
Trade creditors | 1,296 | 2,509 | ||||||
Other creditors | 39,354 | 19,529 | ||||||
Accruals | 1,600 | 1,400 | ||||||
94,525 | 78,649 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Loans >1yr | 6,667 | 11,250 | ||||||
6,667 | 11,250 | |||||||
7. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 1 | |||||
8. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 8,419 | 477 | ||||||
8,419 | 477 | |||||||
K2 Partners Ltd | ||||||||
9. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
1 | 1 | |||||||
1 | 1 | |||||||
1 | 1 | |||||||
3 | 3 | |||||||
New shares issued during period: | ||||||||
0 | 0 | 1 | ||||||
- | 1 | |||||||
10. CONTROLLING PARTY | ||||||||
The controlling parties are A J Groom and S Groom, the shareholders of the company. | ||||||||
11. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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12. INTANGIBLE FIXED ASSETS | ||||||||
The following intellectual property rights are held by K2 Partners Ltd at a nil value. | ||||||||
Kabgard patent no GB2368608A and associated patents, Lokgard patent no GB2384519A and associated patents and Trademark Protek-dor. All purchased 12 December 2006. | ||||||||