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KR Associates (UK) Ltd

Unaudited Financial Statements

for the Year Ended

31 May 2025






KR Associates (UK) Ltd (Registered number: 04813349)






Contents of the Financial Statements
for the Year Ended 31 May 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KR Associates (UK) Ltd

Company Information
for the Year Ended 31 May 2025







DIRECTORS: R Scrivener
Mrs S Z Scrivener
L Scrivener





REGISTERED OFFICE: 56 Bassett Green Road
Southampton
Hampshire
SO16 3DX





REGISTERED NUMBER: 04813349 (England and Wales)





ACCOUNTANTS: David Tilsley Limited
91 Lakewood Road
Chandlers Ford
Eastleigh
Hampshire
SO53 5AD

KR Associates (UK) Ltd (Registered number: 04813349)

Balance Sheet
31 May 2025

31.5.25 31.5.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,796 69,162

CURRENT ASSETS
Debtors 5 44,917 38,494
Cash at bank 92,786 133,020
137,703 171,514
CREDITORS
Amounts falling due within one year 6 80,076 85,741
NET CURRENT ASSETS 57,627 85,773
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,423

154,935

CREDITORS
Amounts falling due after more than one
year

7

(7,035

)

(53,654

)

PROVISIONS FOR LIABILITIES (15,922 ) (15,932 )
NET ASSETS 103,466 85,349

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 102,466 84,349
SHAREHOLDERS' FUNDS 103,466 85,349

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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.

KR Associates (UK) Ltd (Registered number: 04813349)

Balance Sheet - continued
31 May 2025


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 11 August 2025 and were signed on its behalf by:




R Scrivener - Director



Mrs S Z Scrivener - Director


KR Associates (UK) Ltd (Registered number: 04813349)

Notes to the Financial Statements
for the Year Ended 31 May 2025

1. STATUTORY INFORMATION

KR Associates (UK) 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 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.

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.

KR Associates (UK) Ltd (Registered number: 04813349)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2024 189,714
Additions 13,954
At 31 May 2025 203,668
DEPRECIATION
At 1 June 2024 120,552
Charge for year 14,320
At 31 May 2025 134,872
NET BOOK VALUE
At 31 May 2025 68,796
At 31 May 2024 69,162

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2024
and 31 May 2025 87,371
DEPRECIATION
At 1 June 2024 28,387
Charge for year 8,286
At 31 May 2025 36,673
NET BOOK VALUE
At 31 May 2025 50,698
At 31 May 2024 58,984

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.25 31.5.24
£    £   
Trade debtors 12,930 540
Other debtors 31,987 37,954
44,917 38,494

KR Associates (UK) Ltd (Registered number: 04813349)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.25 31.5.24
£    £   
Bank loans and overdrafts 10,340 16,974
Hire purchase contracts 36,279 19,520
Taxation and social security 33,260 49,051
Other creditors 197 196
80,076 85,741

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.25 31.5.24
£    £   
Bank loans 7,035 17,375
Hire purchase contracts - 36,279
7,035 53,654

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2025 and 31 May 2024:

31.5.25 31.5.24
£    £   
R Scrivener and Mrs S Z Scrivener
Balance outstanding at start of year 32,577 58,049
Amounts advanced 70,882 50,773
Amounts repaid (76,214 ) (76,245 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,245 32,577