KVL Retail Ltd Accounts






KVL Retail Ltd

	Company No. 13018173
		Information for Filing with The Registrar
		30 November 2025

at	30 November 2025
Company No.		13018173	Notes	2025	2024
				£	£
Fixed assets
	Intangible assets		5	82,211	91,346
	Tangible assets		6	-	-


				82,211	91,346
Current assets
	Stocks			57,240	55,000


	Cash at bank and in hand			8,433	65,852
				65,673	120,852
Creditors: Amount falling due within one year				(124,752)	(170,763)
Net current liabilities				(59,079)	(49,911)
Total assets less current liabilities				23,132	41,435




Net assets				23,132	41,435

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		8	23,032	41,335

Total equity				23,132	41,435



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 November 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.

All the members have consented to the preparation of abridged financial statements for the year ended 30 November 2025 in accordance with the Companies Act 2006.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 17 July 2026 and signed on its behalf by:
T. Kirikaran
Director
17 July 2026

for the year ended 30 November 2025

General information

KVL Retail Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 13018173

Its registered office is:

6 Plymouth Road

Barry

CF62 5TY

The abridged accounts have been prepared in accordance and comply with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006, including the provisions permitting an abridged profit and loss account and balance sheet to be prepared.

Accounting policies

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employee benefits

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	4	3

4	Taxation
		(a) Tax on profit on ordinary activities	2025	2024
		The tax charge is made up as follows:	£	£
		UK corporation tax
		Charge for the period	-	4,362

		Total corporation tax	-	4,362





		Tax on profit on ordinary activities	-	4,362

		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Higher	2025	2024
		3478	£	£
		Profit on ordinary activities before tax	(18,303)	22,543

		Standard rate of corporation tax in the United Kingdom	19%	19%

		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	(3,478)	4,283
		Expenses not deductible for tax purposes	1,761	79



		Other	1,717	-
		Tax on profit on ordinary activities	-	4,362

5	Intangible fixed assets
			Total
			£
		Cost
		At 1 December 2024	91,346


		At 30 November 2025	91,346
		Amortisation and impairment

		Charge for the year	9,135


		At 30 November 2025	9,135
		Net book values
		At 30 November 2025	82,211
		At 30 November 2024	91,346

6	Tangible fixed assets
			Total
			£
		Cost or revaluation
		At 1 December 2024	3,200




		At 30 November 2025	3,200
		Depreciation
		At 1 December 2024	3,200




		At 30 November 2025	3,200
		Net book values
		At 30 November 2025	-
		At 30 November 2024	-

Share Capital

£ 1 each for 100 ordinary shares

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.