KP Refining Limited

KP Refining Limited
Statement of Financial Position
As at 30 September 2024

	Notes	2024 £	2023 £
Fixed assets
Tangible fixed assets	3	274	366
		274	366
Current assets
Debtors: amounts falling due within one year	4	31,998	39,145
Cash at bank and in hand		24,108	29,371
		56,106	68,516
Creditors: amount falling due within one year	5	(37,365)	(37,821)
Net current assets		18,741	30,695

Total assets less current liabilities		19,015	31,061
Creditors: amount falling due after more than one year	6	(18,707)	(29,521)
Provisions for liabilities	7	(92)	(92)
Net assets		216	1,448

Capital and reserves
Called up share capital	8	210	220
Profit and loss account		6	1,228
Shareholders' funds		216	1,448

For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 30 September 2025 and were signed by:

-------------------------------
Karl Parker
Director

KP Refining Limited
Notes to the Financial Statements
For the year ended 30 September 2024

General Information

KP Refining Limited is a private company, limited by shares, registered in England and Wales, registration number 09769217, registration address Penny Lane Business Centre, 374 Smithdown Road, Liverpool, Merseyside, L15 5AN.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

25% Reducing Balance

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 2 (2023 : 3).

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 01 October 2023	1,038	1,038
Additions	-	-
Disposals	-	-
At 30 September 2024	1,038	1,038
Depreciation
At 01 October 2023	672	672
Charge for year	92	92
On disposals	-	-
At 30 September 2024	764	764
Net book values
Closing balance as at 30 September 2024	274	274
Opening balance as at 01 October 2023	366	366

Debtors: amounts falling due within one year

	2024 £		2023 £
Trade Debtors	31,998		39,145
	31,998		39,145

Creditors: amount falling due within one year

	2024 £	2023 £
Corporation Tax	34,790	33,464
PAYE & Social Security	40	411
VAT	2,535	3,946
	37,365	37,821

Creditors: amount falling due after more than one year

	2024 £		2023 £
Bank Loans & Overdrafts	18,707		29,521
	18,707		29,521

Provisions for liabilities

	2024 £		2023 £
Deferred Tax	92		92
	92		92

Share Capital

Authorised
100 Ordinary shares of £1.00 each
100 B Ordinary shares of £1.00 each
10 C Ordinary shares of £1.00 each

Allotted, called up and fully paid	2024 £	2023 £
100 Ordinary shares of £1.00 each	100	100
100 B Ordinary shares of £1.00 each	100	100
10 C Ordinary shares of £1.00 each	10	10
	210	210

Registered Number: 09769217
England and Wales
Filleted Accounts

for the year ended 30 September 2024
for
KP REFINING LIMITED