Registered number
07793049
HP & KP LTD
Filleted Accounts
30 September 2024
HP & KP LTD
Registered number: 07793049
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,221 298
Current assets
Debtors 4 928 -
Cash at bank and in hand 300 161
1,228 161
Creditors: amounts falling due within one year 5 (286) (1,904)
Net current assets/(liabilities) 942 (1,743)
Total assets less current liabilities 2,163 (1,445)
Creditors: amounts falling due after more than one year 6 (1,952) 1,366
Net assets/(liabilities) 211 (79)
Capital and reserves
Called up share capital 100 100
Profit and loss account 111 (179)
Shareholders' funds 211 (79)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Hidayet Cimen
Director
Approved by the board on 25 June 2025
HP & KP LTD
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 907 2,400 3,307
Additions 1,228 - 1,228
At 30 September 2024 2,135 2,400 4,535
Depreciation
At 1 October 2023 774 2,235 3,009
Charge for the year 272 33 305
At 30 September 2024 1,046 2,268 3,314
Net book value
At 30 September 2024 1,089 132 1,221
At 30 September 2023 133 165 298
4 Debtors 2024 2023
£ £
Trade debtors 928 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 1,041
Taxation and social security costs 286 -
Other creditors 863
286 1,904
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 1,952 (1,366)
7 Related party transactions
As at the balance sheet date the company owes its director £1952 (2023:£-1366) which has been included under other creditors due after more than one year.
8 Controlling party
The company is under the control of its director and shareholder, Mr Hidayet Cimen.
9 Other information
HP & KP LTD is a private company limited by shares and incorporated in England. Its registered office is:
13 Tillyard Way
Cambridge
CB1 8QT
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