REGISTERED NUMBER: 06520864 (England and Wales)

REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

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 2024.

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 2024.

DIRECTOR

Mrs B. J. Brampton held office during the whole of the period from 1 August 2023 to the date of this report.

ON BEHALF OF THE BOARD:

Mrs B. J. Brampton - Secretary

7 April 2025

TURNOVER

49,000

20,000

Cost of sales

7,140

3,240

GROSS PROFIT

41,860

16,760

Administrative expenses

40,161

41,593

OPERATING PROFIT/(LOSS)

4

1,699

(24,833

)

Interest payable and similar expenses

24,590

19,683

LOSS BEFORE TAXATION

(22,891

)

(44,516

)

Tax on loss

5

-

(7,500

)

LOSS FOR THE FINANCIAL YEAR

(22,891

)

(37,016

)

FIXED ASSETS

Tangible assets

6

578,908

591,408

CURRENT ASSETS

Debtors

7

542,000

363,474

Cash at bank and in hand

-

174,457

542,000

537,931

CREDITORS

Amounts falling due within one year

8

395,936

381,476

NET CURRENT ASSETS

146,064

156,455

TOTAL ASSETS LESS CURRENT LIABILITIES

724,972

747,863

CAPITAL AND RESERVES

Called up share capital

9

1,010

1,010

Retained earnings

10

723,962

746,853

SHAREHOLDERS' FUNDS

724,972

747,863

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 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

31.7.24

31.7.23

£

£

Wages and salaries

18,420

20,040

Social security costs

-

1,614

18,420

21,654

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

31.7.24

31.7.23

Site Operatives

1

1

Administration

1

1

2

2

31.7.24

31.7.23

£

£

Director's remuneration

17,820

19,440

4.	OPERATING PROFIT/(LOSS)

The operating profit (2023 - operating loss) is stated after charging:

31.7.24

31.7.23

£

£

Depreciation - owned assets

12,500

11,500

5.

TAXATION

Analysis of the tax credit

The tax credit on the loss for the year was as follows:

31.7.24

31.7.23

£

£

Current tax:

UK corporation tax

-

(7,500

)

Tax on loss

-

(7,500

)

UK corporation tax has been charged at 19% .

6.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 August 2023

and 31 July 2024

533,908

88,335

86,623

708,866

DEPRECIATION

At 1 August 2023

-

63,335

54,123

117,458

Charge for year

-

5,000

7,500

12,500

At 31 July 2024

-

68,335

61,623

129,958

NET BOOK VALUE

At 31 July 2024

533,908

20,000

25,000

578,908

At 31 July 2023

533,908

25,000

32,500

591,408

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.24

31.7.23

£

£

Amounts Recoverable-Contracts

542,000

363,474

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.24

31.7.23

£

£

Bank loans and overdrafts

261,994

263,112

Corporation Tax

69,776

69,776

Social security and other taxes

-

1,000

Value Added Tax

41,738

41,738

Directors Current Account

14,671

-

Accrued Expenses

7,757

5,850

395,936

381,476

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.24

31.7.23

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 2023

746,853

Deficit for the year

(22,891

)

At 31 July 2024

723,962