REGISTERED NUMBER: 06239542 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

KCP CAR & COMMERCIAL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C Whiting

Mr P Whiting

Mrs P I Whiting

Mr K Whiting

SECRETARY:

Mrs P I Whiting

REGISTERED OFFICE:

Suite 4, East Barton Barns

East Barton Road

Great Barton

Bury St. Edmunds

Suffolk

IP31 2QY

REGISTERED NUMBER:

06239542 (England and Wales)

ACCOUNTANTS:

Twinn Accountants Limited

Suite 4, East Barton Barns

East Barton Road

Great Barton

Bury St. Edmunds

Suffolk

IP31 2QY

FIXED ASSETS

Tangible assets

4

121,290

84,108

CURRENT ASSETS

Stock

5

168,096

169,186

Debtors

6

259,295

271,583

Cash at bank and in hand

321,159

310,468

748,550

751,237

CREDITORS

Amounts falling due within one year

7

255,460

267,920

NET CURRENT ASSETS

493,090

483,317

TOTAL ASSETS LESS CURRENT LIABILITIES

614,380

567,425

PROVISIONS FOR LIABILITIES

28,534

19,086

NET ASSETS

585,846

548,339

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

585,746

548,239

SHAREHOLDERS' FUNDS

585,846

548,339

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.

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 21 October 2025 and were signed on its behalf by:

Mrs P I Whiting - Director

Mr K Whiting - Director

1.	STATUTORY INFORMATION

KCP Car & Commercial 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.

Improvements to property

-

5% on reducing balance

Equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Hire purchase and leasing commitments

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the asset's fair value at the date of inception and the present value of minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of the capital and interest elements. The interest is charged to the profit and loss so as to produce a constant periodic rate of interest of the remaining balance of the liability.

Rentals payable under the operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Motor

property

Equipment

vehicles

Totals

£

£

£

£

COST

At 1 June 2024

22,910

54,369

95,453

172,732

Additions

-

1,508

80,198

81,706

Disposals

-

(4,411

)

(47,623

)

(52,034

)

At 31 May 2025

22,910

51,466

128,028

202,404

DEPRECIATION

At 1 June 2024

8,671

47,368

32,585

88,624

Charge for year

710

1,900

14,200

16,810

Eliminated on disposal

-

(3,976

)

(20,344

)

(24,320

)

At 31 May 2025

9,381

45,292

26,441

81,114

NET BOOK VALUE

At 31 May 2025

13,529

6,174

101,587

121,290

At 31 May 2024

14,239

7,001

62,868

84,108

5.

STOCK

2025

2024

£

£

Stock

168,096

169,186

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

239,249

250,926

Other debtors

3,450

4,350

Prepayments

16,596

16,307

259,295

271,583

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

134,471

148,649

Social security & other taxes

30,272

24,466

Corporation tax

85,555

90,669

Directors' current accounts

3

3

Accrued expenses

5,159

4,133

255,460

267,920

8.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

24,000

24,000

Between one and five years

15,000

39,000

39,000

63,000