KPK DESIGN & BUILD LIMITED 30/06/2020 iXBRL

KPK DESIGN & BUILD LTD - Company Information

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Company registration number: 12040500

KPK DESIGN & BUILD LIMITED

Unaudited filleted financial statements

30 June 2020

Pearlman Rose

Chartered Accountants

39-40 Skylines Village

Limeharbour, Docklands

London E14 9TS

KPK DESIGN & BUILD LIMITED

Contents

Directors and other information

Accountant's report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

KPK DESIGN & BUILD LIMITED

Directors and other information


	Director	Mr James Alistair Westcott


	Company number	12040500


	Registered office	3 Church Road
		Streatley
		LU3 3PN


	Accountant	Pearlman Rose
		39-40 Skylines Village
		Limeharbour
		London
		E14 9TS




	Bankers	Natwest Bank Plc

KPK DESIGN & BUILD LIMITED

Chartered accountant's report to the director on the preparation of the

unaudited statutory financial statements of KPK DESIGN & BUILD LIMITED

Period ended 30 June 2020

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of KPK DESIGN & BUILD LIMITED for the period ended 30 June 2020 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the director of KPK DESIGN & BUILD LIMITED, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of KPK DESIGN & BUILD LIMITED and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than KPK DESIGN & BUILD LIMITED and its director as a body for my work or for this report.

It is your duty to ensure that KPK DESIGN & BUILD LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of KPK DESIGN & BUILD LIMITED. You consider that KPK DESIGN & BUILD LIMITED is exempt from the statutory audit requirement for the period.

I have not been instructed to carry out an audit or a review of the financial statements of KPK DESIGN & BUILD LIMITED. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Pearlman Rose

Chartered Accountants

39-40 Skylines Village

Limeharbour

London

E14 9TS

25 March 2021

KPK DESIGN & BUILD LIMITED

Statement of financial position

30 June 2020

		30/06/20
	Note	£	£

Fixed assets
Tangible assets	4	14,480
		_______
			14,480

Current assets
Debtors	5	4,038
Cash at bank and in hand		6,460
		_______
		10,498
Creditors: amounts falling due
within one year	6	( 23,274)
		_______
Net current liabilities			( 12,776)
			_______
Total assets less current liabilities			1,704

			_______
Net assets			1,704
			_______

Capital and reserves
Called up share capital			2
Profit and loss account			1,702
			_______
Shareholders funds			1,704
			_______

For the period ending 30 June 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

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

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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 25 March 2021 , and are signed on behalf of the board by:

Mr James Alistair Westcott

Director

Company registration number: 12040500

KPK DESIGN & BUILD LIMITED

Statement of changes in equity

Period ended 30 June 2020

	Called up share capital	Profit and loss account	Total
	£	£	£


At 10 June 2019	-	-	-

Profit for the period		9,702	9,702
	_______	_______	_______
Total comprehensive income for the period	-	9,702	9,702

Issue of shares	2		2
Dividends paid and payable		( 8,000)	( 8,000)
	_______	_______	_______
Total investments by and distributions to owners	2	( 8,000)	( 7,998)

	_______	_______	_______
At 30 June 2020	2	1,702	1,704
	_______	_______	_______

KPK DESIGN & BUILD LIMITED

Notes to the financial statements

Period ended 30 June 2020

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 3 Church Road, Streatley, LU3 3PN.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

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.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

Tangible assets

tangible assets are initially recorded at cost, and are 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:


Motor vehicles	-	15 %	reducing balance

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

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Tangible assets

	Motor vehicles	Total
	£	£
Cost
At 10 June 2019	-	-
Additions	17,035	17,035
	_______	_______
At 30 June 2020	17,035	17,035
	_______	_______
Depreciation
At 10 June 2019	-	-
Charge for the year	2,555	2,555
	_______	_______
At 30 June 2020	2,555	2,555
	_______	_______
Carrying amount
At 30 June 2020	14,480	14,480
	_______	_______

5. Debtors

			30/06/20
			£
	Other debtors		4,038
			_______

6. Creditors: amounts falling due within one year

			30/06/20
			£
	Trade creditors		4,062
	Social security and other taxes		370
	Other creditors		18,842
			_______
			23,274
			_______