KFP Total It Solutions Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

KFP Total It Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08726722 . The registered office is 4 Foxcombe Court, Wyndyke Furlong, Abingdon, OX14 1DZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% straight line
Leasehold	10% straight line
Fixtures & Fittings	15% reducing balance
Computer Equipment	25% reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

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KFP Total It Solutions Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 95 (2024: 70)

4. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 May 2024	13,625	296,132	45,253	355,010
Additions	-	3,140	3,509	6,649

As at 30 April 2025	13,625	299,272	48,762	361,659

Depreciation
As at 1 May 2024	8,176	176,215	20,477	204,868
Provided during the period	1,362	17,227	5,605	24,194

As at 30 April 2025	9,538	193,442	26,082	229,062

Net Book Value
As at 30 April 2025	4,087	105,830	22,680	132,597

As at 1 May 2024	5,449	119,917	24,776	150,142

5. Stocks

	2025	2024
	£	£
Stock	463,257	431,176

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,714,781	959,741
Prepayments and accrued income	110,521	143,082
Other debtors	1,528,700	3,032

	3,354,002	1,105,855

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KFP Total It Solutions Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,858,298	909,464
Bank loans and overdrafts	75,000	150,000
Corporation tax	24,779	12,194
Other taxes and social security	94,695	56,162
VAT	196,826	152,645
Accrued expenses	4,600	4,478
Pension liability	14,492	10,397
Deferred income	91,909	-

	3,360,599	1,295,340

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	75,000

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10,000	10,000

10. Ultimate Parent Undertaking and Controlling Party

In December 2024, 100% of the shareholdings were transferred to KFP Holdings Ltd. KFP Holdings Ltd was incorporated in the United Kingdom. At the year end, the ultimate controlling party is KFP Holdings Ltd who controls 100% of the shares of KFP Total It Solutions Ltd .

11. Related Party

Control and ownership

The shareholders of KFP Total IT Solutions Ltd also own 100% of the following overseas Companies. In December 2024, the share ownership was transferred to KFP Holdings Ltd:

KFP European IT Services Limited

Location: Ireland

Company registration: 0601725

Date incorporated: 04/04/2017

KFP Total IT Solutions B.V

Location: Netherlands

Company registration: 8258 6128

Date incorporated: 20/04/2021

KFP Total IT Solutions GmbH

Location: Germany

Company registration: HRB 278632

Date incorporated: 26/08/2022

In December 2024, KFP Holdings Ltd purchased the shares in KFP Total IT Solutions Ltd as well as 100% of the shares in the above companies. Therefore, at the end of the year KFP Total IT Solutions Ltd is controlled by KFP Holdings Ltd by virtue of ownership of majority voting rights.

Transactions with group companies or other related parties:

During the year the company entered into transctions with KFP Total IT Solutions GmbH (a German company). The company recognised £1,634,941 for services delivered and £63,499 for purchases made.

KFP Total IT Solutions GmbH owed the company £1,321,067 at the year end.

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KFP Total It Solutions Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

During the year the company entered into transctions with KFP Total IT Solutions B.V (a Netherland company). The company recognised £176,337 for services delivered.

KFP Total IT Solutions B.V owed the company £59,349 at the year end.

During the year the company entered into transctions with KFP European IT Services Ltd (an Irish company). The company recognised £65,257 for services delivered.

KFP European IT Services Ltd owed the company £148,284 at the year end.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		132,597		150,142

			132,597		150,142
CURRENT ASSETS
Stocks	5	463,257		431,176
Debtors	6	3,354,002		1,105,855
Cash at bank and in hand		67,452		344,658

		3,884,711		1,881,689
Creditors: Amounts Falling Due Within One Year	7	(3,360,599 )		(1,295,340 )

NET CURRENT ASSETS (LIABILITIES)			524,112		586,349

TOTAL ASSETS LESS CURRENT LIABILITIES			656,709		736,491

Creditors: Amounts Falling Due After More Than One Year	8		-		(75,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(25,653 )		(30,525 )

NET ASSETS			631,056		630,966

CAPITAL AND RESERVES
Called up share capital	9		10,000		10,000
Profit and Loss Account			621,056		620,966

SHAREHOLDERS' FUNDS			631,056		630,966