KARPAS ENGINEERING LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11339873

KARPAS ENGINEERING LTD

Filleted Unaudited Financial Statements

31 July 2025

KARPAS ENGINEERING LTD

Statement of Financial Position

31 July 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	6	2,682	12,466
Tangible assets	7	328,141	220,936
		---------	---------
		330,823	233,402

Current assets

Stocks		2,500	2,500
Debtors	8	61,916	39,020
Cash at bank and in hand		1,543	31,497
		--------	--------
		65,959	73,017

Creditors: amounts falling due within one year	9	113,096	75,835
		---------	--------
Net current liabilities		47,137	2,818
		---------	---------
Total assets less current liabilities		283,686	230,584

Creditors: amounts falling due after more than one year	10	170,127	132,220

Provisions	35,005	28,590
	---------	---------
Net assets	78,554	69,774
	---------	---------

Capital and reserves

Called up share capital	11	2	2
Profit and loss account		78,552	69,772
		--------	--------
Shareholders funds		78,554	69,774
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

KARPAS ENGINEERING LTD

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 26 January 2026 , and are signed on behalf of the board by:

T F Karpasitis

Director

Company registration number: 11339873

KARPAS ENGINEERING LTD

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 6, Edge Business Park, Brownfields, Welwyn Garden City, AL7 1WX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

(a) Accounting convention

The accounts have been prepared under the historical cost convention and in compliance with the provisions of the Small Companies and Groups (Accounts and Directors’ Report) Regulations 2008 (SI2008/409) and Financial Reporting Standard 102 Section 1A.

(b) Pension scheme

The company contributes to a workplace pension scheme for its employees where required in compliance with the workplace pension regulations. Company contributions are charged to the profit and loss account in the year in which they become payable.

(c) Turnover

Turnover is stated net of Value Added Tax and represents the sales value of goods and services supplied during the year.

(d) Intangible fixed assets and amortisation

Product development costs are capitalised where completion and subsequent sale of the product is uncertain but can be anticipated. The accumulated costs are amortised on a straight line basis over a period of five years. The amortisation is charged to the profit and loss account.

(e) Tangible fixed assets and depreciation

Fixed assets are stated at cost less a provision for accumulated depreciation. Depreciation is provided at the following annual rates in order to write each asset down to its residual value over its estimated useful life: Motor vehicles - 20% on reducing balance Plant and machinery – 5% on reducing balance Office furniture and equipment - 20% on reducing balance

(f) Stocks

Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and, where appropriate, a proportion of fixed and variable overheads.

(g) Deferred taxation

Deferred tax is recognised by making provision, at current rates, for all timing differences that have originated but not reversed by the balance sheet date.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 3 ).

5. Tax on profit

	2025	2024
	£	£
Charge to deferred taxation	6,415	8,155
Research and development tax credit	(3,456)	–
	-------	-------
	2,959	8,155

6. Intangible assets

	Development costs
	£
Cost
At 1 August 2024 and 31 July 2025	48,573
	--------
Amortisation
At 1 August 2024	36,107
Charge for the year	9,784
	--------
At 31 July 2025	45,891
	--------
Carrying amount
At 31 July 2025	2,682
	--------
At 31 July 2024	12,466
	--------

7. Tangible assets

	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 August 2024	236,713	17,145	4,197	258,055
Additions	126,265	–	–	126,265
	---------	--------	-------	---------
At 31 July 2025	362,978	17,145	4,197	384,320
	---------	--------	-------	---------
Depreciation
At 1 August 2024	27,109	7,533	2,477	37,119
Charge for the year	16,794	1,922	344	19,060
	---------	--------	-------	---------
At 31 July 2025	43,903	9,455	2,821	56,179
	---------	--------	-------	---------
Carrying amount
At 31 July 2025	319,075	7,690	1,376	328,141
	---------	--------	-------	---------
At 31 July 2024	209,604	9,612	1,720	220,936
	---------	--------	-------	---------

8. Debtors

	2025	2024
	£	£
Trade debtors	38,939	20,206
Other debtors	22,977	18,814
	--------	--------
	61,916	39,020
	--------	--------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	11,025	8,106
Trade creditors	27,644	12,567
Social security and other taxes	14,555	19,969
Director's current account ( T F Karpasitis)	343	760
Other creditors	59,529	34,433
	---------	--------
	113,096	75,835
	---------	--------

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	28,039	37,670
Other creditors	142,088	94,550
	---------	---------
	170,127	132,220
	---------	---------

11. Called up share capital

	2025	2024
	£	£
Allotted, called up and fully paid: 2 ordinary shares of £1 each	2	2