Company Registration No. SC247589 (Scotland)
KPSI Limited
Unaudited accounts
for the year ended 5 April 2025
KPSI Limited
Unaudited accounts
Contents
KPSI Limited
Company Information
for the year ended 5 April 2025
Directors
Carl Axel Kruger
Agnes Valencak-Kruger
Secretary
Carl Axel Kruger
Company Number
SC247589 (Scotland)
Registered Office
5 South Charlotte Street
Edinburgh
EH2 4AN
Scotland
Accountants
Joanna Bookkeeping
The Wheelhouse Angel Court
81 St Clements St
Oxford
OX4 1AW
KPSI Limited
Statement of financial position
as at 5 April 2025
Cash at bank and in hand
61
-
Creditors: amounts falling due within one year
(800)
(31,388)
Net current assets
36,320
5,703
Total assets less current liabilities
36,321
5,704
Creditors: amounts falling due after more than one year
(161,840)
(130,000)
Net liabilities
(125,519)
(124,296)
Called up share capital
1,000
1,000
Profit and loss account
(126,519)
(125,296)
Shareholders' funds
(125,519)
(124,296)
For the year ending 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2025 and were signed on its behalf by
Carl Axel Kruger
Director
Company Registration No. SC247589
KPSI Limited
Notes to the Accounts
for the year ended 5 April 2025
KPSI Limited is a private company, limited by shares, registered in Scotland, registration number SC247589. The registered office is 5 South Charlotte Street, Edinburgh, EH2 4AN, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The directors are of the opinion that the accounts should be prepared on a going concern basis as their continued support will be forthcoming.
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 arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Unlisted investments in shares are included at fair value.
KPSI Limited
Notes to the Accounts
for the year ended 5 April 2025
4
Tangible fixed assets
Plant & machinery
5
Investments
Other investments
Valuation at 6 April 2024
1
Valuation at 5 April 2025
1
Amounts falling due within one year
Accrued income and prepayments
-
32
Amounts falling due after more than one year
Other debtors
37,059
37,059
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
22
Loans from directors
-
29,440
8
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
161,840
130,000
9
Transactions with related parties
Included within other debtors is a loan to a company which is under common control amounting to £37,059 (2024: £37,059). This loan which is unsecured is provided interest free and has no agreed terms of repayment.
KPSI Limited
Notes to the Accounts
for the year ended 5 April 2025
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).