K R Litchfield Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06031203

K R LITCHFIELD LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 January 2026

K R LITCHFIELD LIMITED

STATEMENT OF FINANCIAL POSITION

31 January 2026

	2026		2025
Note	£	£	£	£

FIXED ASSETS

Tangible assets	6		17,992		73,141

CURRENT ASSETS

Debtors	7	75,000	171,899
Cash at bank and in hand		226,201	238,863
		---------	---------
		301,201	410,762

CREDITORS: amounts falling due within one year	8	109,145		131,834
		---------		---------
NET CURRENT ASSETS			192,056		278,928
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			210,048		352,069

CREDITORS: amounts falling due after more than one year	9	–	33,466
		---------	---------
NET ASSETS		210,048	318,603
		---------	---------

CAPITAL AND RESERVES

Called up share capital fully paid	100	100
Profit and loss account	209,948	318,503
	---------	---------
SHAREHOLDERS FUNDS	210,048	318,603
	---------	---------

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 January 2026 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 .

K R LITCHFIELD LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 25 June 2026 , and are signed on behalf of the board by:

Mr D E Gardner	Mrs V A Litchfield
Director	Director

Company registration number: 06031203

K R LITCHFIELD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JANUARY 2026

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, NN15 6WJ.

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

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

	Goodwill	-	10 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Computer equipment	-	33% straight line
Motor vehicles	-	25% reducing balance
Tools and equipment	-	20% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 15 (2025: 16 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1 February 2025 and 31 January 2026	180,000
	---------
Amortisation
At 1 February 2025 and 31 January 2026	180,000
	---------
Carrying amount
At 31 January 2026	–
	---------
At 31 January 2025	–
	---------

6. TANGIBLE ASSETS

	Computer equipment	Motor vehicles	Tools and equipment	Total
	£	£	£	£
Cost
At 1 February 2025	1,407	105,899	14,703	122,009
Disposals	–	( 76,355)	( 595)	( 76,950)
	-------	---------	--------	---------
At 31 January 2026	1,407	29,544	14,108	45,059
	-------	---------	--------	---------
Depreciation
At 1 February 2025	938	35,114	12,816	48,868
Charge for the year	469	14,807	344	15,620
Disposals	–	( 36,995)	( 426)	( 37,421)
	-------	---------	--------	---------
At 31 January 2026	1,407	12,926	12,734	27,067
	-------	---------	--------	---------
Carrying amount
At 31 January 2026	–	16,618	1,374	17,992
	-------	---------	--------	---------
At 31 January 2025	469	70,785	1,887	73,141
	-------	---------	--------	---------

7. DEBTORS

	2026	2025
	£	£
Trade debtors	37,028	104,174
Other debtors	37,972	67,725
	--------	---------
	75,000	171,899
	--------	---------

8. CREDITORS: amounts falling due within one year

	2026	2025
	£	£
Corporation tax	6,004	65,510
Social security and other taxes	71,889	50,803
Other creditors	31,252	15,521
	---------	---------
	109,145	131,834
	---------	---------

Included in other creditors are balances in relation to hire purchase and finance lease creditors totalling £NIL (2025 - £10,104)

Hire purchase and finance lease creditors are secured on the assets they relate to.

9. CREDITORS: amounts falling due after more than one year

	2026	2025
	£	£
Other creditors	–	33,466
	----	--------

Included in other creditors are balances in relation to hire purchase and finance lease creditors totalling £NIL (2025 - £33,466)

Hire purchase and finance lease creditors are secured on the assets they relate to.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors entered into the following advances and credits with the company:

	2026
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr D E Gardner	34,185	17,717	( 36,312)	15,590
Mrs V A Litchfield	14,936	2,071	( 44,000)	( 26,993)
	--------	--------	--------	--------
	49,121	19,788	( 80,312)	( 11,403)
	--------	--------	--------	--------

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr D E Gardner	13,938	34,734	( 14,487)	34,185
Mrs V A Litchfield	17,250	15,011	( 17,325)	14,936
	--------	--------	--------	--------
	31,188	49,745	( 31,812)	49,121
	--------	--------	--------	--------

Interest was charged at the official rate. Loan balances were cleared within 9 months.