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REGISTERED NUMBER: SC552968 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Kp (2017) Ltd

Kp (2017) Ltd (Registered number: SC552968)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Kp (2017) Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: W Gardner-Young





SECRETARY: Ms J Hume





REGISTERED OFFICE: 17 Edinburgh Road
Bathgate
West Lothian
EH48 1EP





REGISTERED NUMBER: SC552968 (Scotland)





ACCOUNTANTS: Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG

Kp (2017) Ltd (Registered number: SC552968)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 124,346 140,568

CURRENT ASSETS
Stocks 4,165 4,740
Debtors 5 1,730,645 1,383,561
Cash at bank and in hand 33,942 71,483
1,768,752 1,459,784
CREDITORS
Amounts falling due within one year 6 1,006,258 743,697
NET CURRENT ASSETS 762,494 716,087
TOTAL ASSETS LESS CURRENT
LIABILITIES

886,840

856,655

CREDITORS
Amounts falling due after more than one
year

7

(120,154

)

(139,119

)

PROVISIONS FOR LIABILITIES (16,272 ) (18,128 )
NET ASSETS 750,414 699,408

RESERVES
Retained earnings 750,414 699,408
SHAREHOLDERS' FUNDS 750,414 699,408

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 (2017) Ltd (Registered number: SC552968)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 February 2025 and were signed by:





W Gardner-Young - Director


Kp (2017) Ltd (Registered number: SC552968)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Kp (2017) Ltd is a private company, limited by shares , registered in Scotland. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Kp (2017) Ltd (Registered number: SC552968)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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 16 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 64,508 144,622 209,130
Additions - 29,377 29,377
At 31 July 2024 64,508 173,999 238,507
DEPRECIATION
At 1 August 2023 19,352 49,210 68,562
Charge for year 6,451 39,148 45,599
At 31 July 2024 25,803 88,358 114,161
NET BOOK VALUE
At 31 July 2024 38,705 85,641 124,346
At 31 July 2023 45,156 95,412 140,568

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023 100,601
Additions 28,312
At 31 July 2024 128,913
DEPRECIATION
At 1 August 2023 25,150
Charge for year 32,229
At 31 July 2024 57,379
NET BOOK VALUE
At 31 July 2024 71,534
At 31 July 2023 75,451

Kp (2017) Ltd (Registered number: SC552968)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 22,741 20,419
Amounts owed by group undertakings 1,707,904 1,363,142
1,730,645 1,383,561

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 30,000 30,000
Hire purchase contracts 16,492 7,055
Trade creditors 24,120 15,270
Taxation and social security 74,105 97,425
Other creditors 861,541 593,947
1,006,258 743,697

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 39,085 69,085
Hire purchase contracts 81,069 70,034
120,154 139,119

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 69,085 99,085
Hire purchase contracts 97,561 77,089
166,646 176,174

Bank loans are secured by way of a government backed guarantee.

Hire purchase creditors are secured against the assets to which they relate.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount of £839,767 (2023: £557,549) due to the director.

Kp (2017) Ltd

Report of the Accountants to the Director of
Kp (2017) Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG


28 February 2025