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REGISTERED NUMBER: 08264031 (England and Wales)















R K P Home Improvements Ltd

Unaudited Financial Statements

for the year ended

31 October 2024






R K P Home Improvements Ltd (Registered number: 08264031)

Contents of the Financial Statements
for the year ended 31 October 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 5


R K P Home Improvements Ltd (Registered number: 08264031)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 112,943 43,938

CURRENT ASSETS
Stocks 80,675 83,273
Debtors 6 257,963 190,915
Cash at bank 165,597 152,446
504,235 426,634
CREDITORS
Amounts falling due within one year 7 (282,428 ) (126,004 )
NET CURRENT ASSETS 221,807 300,630
TOTAL ASSETS LESS CURRENT LIABILITIES 334,750 344,568

CREDITORS
Amounts falling due after more than one year 8 (59,192 ) (12,715 )

PROVISIONS FOR LIABILITIES (10,196 ) (9,227 )
NET ASSETS 265,362 322,626

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 265,352 322,616
SHAREHOLDERS' FUNDS 265,362 322,626

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 19 June 2025 and were signed on its behalf by:




R Parker - Director



Mrs J Mighall-Parker - Director


R K P Home Improvements Ltd (Registered number: 08264031)

Notes to the Financial Statements
for the year ended 31 October 2024


1. STATUTORY INFORMATION

R K P Home Improvements Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08264031

Registered office: Englands Lane Business Centre
47 Englands Lane, Gorleston
Great Yarmouth
Norfolk
NR31 6BE

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 - 15% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 15% on reducing balance

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 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.

R K P Home Improvements Ltd (Registered number: 08264031)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


3. ACCOUNTING POLICIES - continued

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2023 16,057 21,659 46,372 84,088
Additions 2,432 11,925 75,474 89,831
Disposals - - (5,304 ) (5,304 )
At 31 October 2024 18,489 33,584 116,542 168,615
DEPRECIATION
At 1 November 2023 8,007 6,592 25,551 40,150
Charge for year 1,752 5,606 8,164 15,522
At 31 October 2024 9,759 12,198 33,715 55,672
NET BOOK VALUE
At 31 October 2024 8,730 21,386 82,827 112,943
At 31 October 2023 8,050 15,067 20,821 43,938

R K P Home Improvements Ltd (Registered number: 08264031)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023 22,675
Additions 70,170
At 31 October 2024 92,845
DEPRECIATION
At 1 November 2023 15,501
Charge for year 4,717
At 31 October 2024 20,218
NET BOOK VALUE
At 31 October 2024 72,627
At 31 October 2023 7,174

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 256,463 175,191
Other debtors 1,500 15,724
257,963 190,915

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts 14,613 3,506
Trade creditors 22,933 7,169
Taxation and social security 60,074 74,854
Other creditors 178,808 34,475
282,428 126,004

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 3,500 9,500
Hire purchase contracts 55,692 3,215
59,192 12,715

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary £1 10 10

R K P Home Improvements Ltd (Registered number: 08264031)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


10. OTHER FINANCIAL COMMITMENTS

Minimum lease payments fall due as follows:
20242023
£   £   
Net obligations repayable:
Within one year016,466
Between two and five years00
Total016,466

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
R Parker
Balance outstanding at start of year (19,094 ) (23,155 )
Amounts advanced 6,899 4,599
Amounts repaid (5,352 ) (538 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (17,547 ) (19,094 )

Mrs J Mighall-Parker
Balance outstanding at start of year (14,530 ) (16,489 )
Amounts advanced 4,785 2,271
Amounts repaid (5,312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (15,057 ) (14,530 )