REGISTERED NUMBER: 04483906 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

K Pak Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C B Danaher

J Fielden

P James

Ms S Morgan

K R Tassell

REGISTERED OFFICE:

Unit 21 Liongate Enterprise Park,

80 Morden Road

Mitcham

Surrey

CR4 4NY

REGISTERED NUMBER:

04483906 (England and Wales)

ACCOUNTANTS:

Ampersand Partnership Limited

Chancery House

41a Hanger Hill

Weybridge

Surrey

KT13 9XZ

FIXED ASSETS

Tangible assets

4

194,331

302,430

CURRENT ASSETS

Debtors

1,202,546

1,221,339

Cash at bank

268,991

269,923

1,471,537

1,491,262

CREDITORS

Amounts falling due within one year

572,697

747,024

NET CURRENT ASSETS

898,840

744,238

TOTAL ASSETS LESS CURRENT LIABILITIES

1,093,171

1,046,668

CREDITORS

Amounts falling due after more than one year

(40,000

)

(80,000

)

PROVISIONS FOR LIABILITIES

(7,519

)

(22,863

)

NET ASSETS

1,045,652

943,805

CAPITAL AND RESERVES

Called up share capital

112

112

Share premium

12,749

12,749

Retained earnings

1,032,791

930,944

SHAREHOLDERS' FUNDS

1,045,652

943,805

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

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 September 2025 and were signed on its behalf by:

J Fielden - Director

1.	STATUTORY INFORMATION

K Pak Limited 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts. Revenue received is recognised in the period that the service is provided, with appropriate provisions for accrued and deferred income.

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

-

33% on cost, 25% on cost, 20% on cost and in accordance with the property

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

1,483,089

Additions

48,683

At 31 December 2024

1,531,772

DEPRECIATION

At 1 January 2024

1,180,662

Charge for year

156,779

At 31 December 2024

1,337,441

NET BOOK VALUE

At 31 December 2024

194,331

At 31 December 2023

302,427

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

Totals

£

COST

At 1 January 2024

69,379

Transfer to ownership

(69,379

)

At 31 December 2024

-

DEPRECIATION

At 1 January 2024

69,379

Transfer to ownership

(69,379

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

80,000

120,000

Hire purchase contracts

-

10,430

80,000

130,430

6.	OTHER FINANCIAL COMMITMENTS

At 31 December 2024 the company had total financial commitments of £2,095,578 (2023: £2,475,799) under non-cancellable operating leases.

7.	RELATED PARTY DISCLOSURES

J Fielden - a director

At the year end £1,040 (2023: £2,040) was owed to J Fielden.

S Morgan - a director

At the year end £1,040 (2023: £2,040) was owed to S Morgan.

8.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of K Pak Logistic Services Limited, a company registered in England and Wales. In the opinion of the directors there is no ultimate controlling party.