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REGISTERED NUMBER: 04573096 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 October 2024

for

KPEC Ltd

KPEC Ltd (Registered number: 04573096)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


KPEC Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: P Faulkner
A L Faulkner
A Morrall-Faulkner
D Faulkner





REGISTERED OFFICE: Barlow Road
Aldermans Green Industrial Estate
Coventry
Warwickshire
CV2 2LD





REGISTERED NUMBER: 04573096 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
KPEC Ltd


The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of KPEC Ltd for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of KPEC Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of KPEC Ltd and state those matters that we have agreed to state to the Board of Directors of KPEC Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KPEC Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that KPEC Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of KPEC Ltd. You consider that KPEC Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of KPEC Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


13 June 2025

KPEC Ltd (Registered number: 04573096)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 796,177 786,782

CURRENT ASSETS
Stocks 74,841 51,925
Debtors 5 1,421,649 1,192,570
Cash at bank 379,731 504,040
1,876,221 1,748,535
CREDITORS
Amounts falling due within one year 6 375,840 285,306
NET CURRENT ASSETS 1,500,381 1,463,229
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,296,558

2,250,011

CREDITORS
Amounts falling due after more than
one year

7

(206,381

)

(232,468

)

PROVISIONS FOR LIABILITIES (46,215 ) (34,593 )
NET ASSETS 2,043,962 1,982,950

CAPITAL AND RESERVES
Called up share capital 9 100,002 100,002
Retained earnings 1,943,960 1,882,948
SHAREHOLDERS' FUNDS 2,043,962 1,982,950

KPEC Ltd (Registered number: 04573096)

Balance Sheet - continued
31 October 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Board of Directors and authorised for issue on 13 June 2025 and were signed on its behalf by:





P Faulkner - Director


KPEC Ltd (Registered number: 04573096)

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


1. STATUTORY INFORMATION

KPEC 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.

Preparation of consolidated financial statements
The financial statements contain information about KPEC Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents the value of goods and services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - No depreciation charged
Plant and machinery - 15% reducing balance
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


KPEC Ltd (Registered number: 04573096)

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


2. ACCOUNTING POLICIES - continued
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 25 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2023 518,775 379,627 82,331 85,600 1,066,333
Additions - 78,987 670 - 79,657
Disposals - (23,500 ) - (26,000 ) (49,500 )
At 31 October 2024 518,775 435,114 83,001 59,600 1,096,490
DEPRECIATION
At 1 November 2023 - 199,421 50,508 29,622 279,551
Charge for year - 37,902 4,874 10,338 53,114
Eliminated on disposal - (20,977 ) - (11,375 ) (32,352 )
At 31 October 2024 - 216,346 55,382 28,585 300,313
NET BOOK VALUE
At 31 October 2024 518,775 218,768 27,619 31,015 796,177
At 31 October 2023 518,775 180,206 31,823 55,978 786,782

KPEC Ltd (Registered number: 04573096)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 548,863 423,148
Other trade debtors 56,787 103,909
Amounts owed by group undertakings 314,481 313,180
Other debtors 500,000 350,000
Prepayments and accrued income 1,518 2,333
1,421,649 1,192,570

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 42,768 42,768
Trade creditors 196,402 133,337
Corporation tax 7,991 39,992
Social security and other taxes 17,617 13,929
VAT 82,348 25,448
Other creditors 7,050 6,902
Directors' current accounts 1,153 646
Accruals and deferred income 20,511 22,284
375,840 285,306

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans - 1-2 years 42,768 42,768
Bank loans - 2-5 years 128,304 128,304
Bank loans more 5 yr by instal 35,309 61,396
206,381 232,468

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 35,309 61,396

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loans 249,149 275,236

The bank loan is secured against the freehold property owned by the company.

KPEC Ltd (Registered number: 04573096)

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


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100,002 Ordinary £1 100,002 100,002

10. OTHER FINANCIAL COMMITMENTS

The company has the following financial commitments with its bankers :

Cross guarantee in favour of the company's bankers relating to the following group companies

Faulkner 2012 Limited

The company's director, Mr P Faulkner, has given a personal guarantee to the company's bankers.

11. ULTIMATE CONTROLLING PARTY

The ultimate holding company of KPEC Limited is Faulkner 2012 Ltd.