REGISTERED NUMBER: 06520864 (England and Wales)

REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

KSFP LTD

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

Mrs B. J. Brampton

SECRETARY:

Mrs B. J. Brampton

REGISTERED OFFICE:

Unit C, Broomsleigh Business Park,

Worsley Bridge Road,

Lower Sydenham,

London

SE26 5BN

REGISTERED NUMBER:

06520864 (England and Wales)

ACCOUNTANTS:

Bennett & Co

The Annexe

Minerva House

Bordyke

Tonbridge

Kent

TN9 1NR

BANKERS:

National Westminster Bank PLC

The director presents her report with the financial statements of the company for the year ended 31 July 2023.

CESSATION OF TRADING

The company ceased trading on 31 July 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of Fire Protection Engineers.

DIVIDENDS

No dividends will be distributed for the year ended 31 July 2023.

DIRECTOR

Mrs B. J. Brampton held office during the whole of the period from 1 August 2022 to the date of this report.

ON BEHALF OF THE BOARD:

Mrs B. J. Brampton - Secretary

7 April 2025

TURNOVER

20,000

456,824

Cost of sales

3,240

236,328

GROSS PROFIT

16,760

220,496

Administrative expenses

41,593

76,260

OPERATING (LOSS)/PROFIT

4

(24,833

)

144,236

Interest payable and similar expenses

19,683

13,473

(LOSS)/PROFIT BEFORE TAXATION

(44,516

)

130,763

Tax on (loss)/profit

5

(7,500

)

25,500

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(37,016

)

105,263

FIXED ASSETS

Tangible assets

6

591,408

602,908

CURRENT ASSETS

Debtors

7

363,474

413,000

Cash at bank and in hand

174,457

178,335

537,931

591,335

CREDITORS

Amounts falling due within one year

8

381,476

409,364

NET CURRENT ASSETS

156,455

181,971

TOTAL ASSETS LESS CURRENT LIABILITIES

747,863

784,879

CAPITAL AND RESERVES

Called up share capital

9

1,010

1,010

Retained earnings

10

746,853

783,869

SHAREHOLDERS' FUNDS

747,863

784,879

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 7 April 2025 and were signed by:

Mrs B. J. Brampton - Director

1.	STATUTORY INFORMATION

KSFP LTD 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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

31.7.23

31.7.22

£

£

Wages and salaries

20,040

29,220

Social security costs

1,614

-

21,654

29,220

The average number of employees during the year was as follows:

31.7.23

31.7.22

Site Operatives

1

1

Administration

1

1

2

2

31.7.23

31.7.22

£

£

Director's remuneration

19,440

26,820

4.	OPERATING (LOSS)/PROFIT

The operating loss (2022 - operating profit) is stated after charging:

31.7.23

31.7.22

£

£

Depreciation - owned assets

11,500

12,000

5.

TAXATION

Analysis of the tax (credit)/charge

The tax (credit)/charge on the loss for the year was as follows:

31.7.23

31.7.22

£

£

Current tax:

UK corporation tax

(7,500

)

25,500

Tax on (loss)/profit

(7,500

)

25,500

UK corporation tax was charged at 19%) in 2022.

6.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 August 2022

and 31 July 2023

533,908

88,335

86,623

708,866

DEPRECIATION

At 1 August 2022

-

58,335

47,623

105,958

Charge for year

-

5,000

6,500

11,500

At 31 July 2023

-

63,335

54,123

117,458

NET BOOK VALUE

At 31 July 2023

533,908

25,000

32,500

591,408

At 31 July 2022

533,908

30,000

39,000

602,908

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Amounts Recoverable-Contracts

363,474

404,126

Other Debtors

-

8,874

363,474

413,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Bank loans and overdrafts

263,112

275,803

Corporation Tax

69,776

82,481

Social security and other taxes

1,000

4,392

Value Added Tax

41,738

41,738

Accrued Expenses

5,850

4,950

381,476

409,364

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.23

31.7.22

value:

£

£

1,000

Ordinary Shares

£1

10

10

10

'B' Ordinary Non-Voting Shares

£1

1,000

1,000

1,010

1,010

10.

RESERVES

Retained

earnings

£

At 1 August 2022

783,869

Deficit for the year

(37,016

)

At 31 July 2023

746,853