K.P.K. (Sheet Metal) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00871133 (England and Wales)

Financial Statements for the Year Ended 31 October 2024

for

K.P.K. (Sheet Metal) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C Jones

REGISTERED OFFICE:

Parkwood Works

Brooklands Close

Sunbury upon Thames

Middlesex

TW16 7DX

REGISTERED NUMBER:

00871133 (England and Wales)

AUDITORS:

Lawrence Johns

Registered Auditors

164 Field End Road

Eastcote

Middlesex

HA5 1RH

FIXED ASSETS

Tangible assets

4

224,231

247,581

CURRENT ASSETS

Stocks

5

131,035

125,367

Debtors

6

418,003

305,612

Cash at bank and in hand

830,239

770,097

1,379,277

1,201,076

CREDITORS

Amounts falling due within one year

7

317,900

247,030

NET CURRENT ASSETS

1,061,377

954,046

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,285,608

1,201,627

PROVISIONS FOR LIABILITIES

8

39,386

39,132

NET ASSETS

1,246,222

1,162,495

CAPITAL AND RESERVES

Called up share capital

61,426

Capital redemption reserve

3,833

Retained earnings

1,180,963

1,097,236

SHAREHOLDERS' FUNDS

1,246,222

1,162,495

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 25 March 2025 and were signed by:

C Jones - Director

1.	STATUTORY INFORMATION

K.P.K. (Sheet Metal) 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.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

10% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

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.

There is an element of estimation in the work in progress as it accounts for the materials and labour hours on part completed jobs at the year end.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 November 2023

669,914

4,473

17,969

692,356

Additions

-

39,000

Disposals

-

(17,969

)

(17,969

)

At 31 October 2024

669,914

4,473

39,000

713,387

DEPRECIATION

At 1 November 2023

423,603

4,435

16,737

444,775

Charge for year

51,346

22

9,750

61,118

Eliminated on disposal

-

(16,737

)

(16,737

)

At 31 October 2024

474,949

4,457

9,750

489,156

NET BOOK VALUE

At 31 October 2024

194,965

16

29,250

224,231

At 31 October 2023

246,311

38

1,232

247,581

5.

STOCKS

31.10.24

31.10.23

£

Stock and work in progress

131,035

125,367

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

Trade debtors

396,615

281,297

Prepayments

21,388

24,315

418,003

305,612

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

Trade creditors

61,804

73,659

Tax

42,633

6,346

Social security and other taxes

65,879

35,452

Other creditors

27,830

18,324

Accruals

119,754

113,249

317,900

247,030

8.	PROVISIONS FOR LIABILITIES

31.10.24

31.10.23

£

Deferred tax

39,386

39,132

Deferred

tax

£

Balance at 1 November 2023

39,132

Accelerated capital allowances

254

Balance at 31 October 2024

39,386

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

T M O'Keeffe (Senior Statutory Auditor)

for and on behalf of Lawrence Johns

10.	RELATED PARTY DISCLOSURES

The following is a related party of this company:

Blyth Management Services Limited, a company which owns 100% of the share capital of this company. The company occupies premises owned by the parent company. The rent for the property was £60,000 (2023: £57,500).

The parent company made an administration charge for services provided amounting to £9,600 (2023: £9,580).

Shares in Blyth Management Services Limited are held by the following:

Executors of D A Knapp Deceased - 26%

D A Knapp Discretionary Settlement - 24%

P A Knapp Discretionary Settlement - 50%