Key Professional Partnership Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC407164 (Scotland)

Unaudited Financial Statements

for the Period 1 October 2024 to 31 March 2025

for

Key Professional Partnership Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S A Usher

REGISTERED OFFICE:

Unit 3

Kpp Chartered Accountants Morris Park

37 Rosyth Road

Glasgow

G5 0YE

REGISTERED NUMBER:

SC407164 (Scotland)

ACCOUNTANTS:

Key Professional Partnership Ltd

Unit 3

Morris Park

37 Rosyth Road

Glasgow

G5 0YE

FIXED ASSETS

Intangible assets

4

353,379

Tangible assets

5

67,426

75,289

420,805

428,668

CURRENT ASSETS

Debtors

6

85,519

85,117

Cash at bank and in hand

7,237

1,129

92,756

86,246

CREDITORS

Amounts falling due within one year

7

179,214

207,475

NET CURRENT LIABILITIES

(86,458

)

(121,229

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

334,347

307,439

CREDITORS

Amounts falling due after more than one year

8

262,730

264,688

NET ASSETS

71,617

42,751

CAPITAL AND RESERVES

Called up share capital

303

Retained earnings

71,314

42,448

SHAREHOLDERS' FUNDS

71,617

42,751

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 2 October 2025 and were signed by:

S A Usher - Director

1.	STATUTORY INFORMATION

Key Professional Partnership Ltd is a private company, limited by shares , registered in Scotland. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 20, is being amortised evenly over its estimated useful life of nil years.

Goodwill shown on the balance sheet represents purchased goodwill (2018) and is carried at its cost, write down is not deemed appropriate.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 19 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 31 March 2025

353,379

NET BOOK VALUE

At 31 March 2025

353,379

At 30 September 2024

353,379

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2024

and 31 March 2025

219,645

DEPRECIATION

At 1 October 2024

144,356

Charge for period

7,863

At 31 March 2025

152,219

NET BOOK VALUE

At 31 March 2025

67,426

At 30 September 2024

75,289

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

30.9.24

£

Trade debtors

80,519

85,117

Other debtors

5,000

-

85,519

85,117

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

30.9.24

£

Taxation and social security

108,681

166,230

Other creditors

70,533

41,245

179,214

207,475

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

30.9.24

£

Bank loans

52,791

59,489

Other creditors

209,939

205,199

262,730

264,688

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

30.9.24

£

Within one year

35,220

Between one and five years

-

35,220

70,440

10.	ULTIMATE CONTROLLING PARTY

The controlling party is S A Usher.

The ultimate controlling party is S A Usher.

Stephen A Usher holds 85% of the share capital.