KPLEX_LTD - Accounts

KPLEX LIMITED - Company Information

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Company Registration No. 08313892 (England and Wales)

KPLEX LTD

DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2014

KPLEX LTD

COMPANY INFORMATION

Director

Mr K Ojukwu

Company number

08313892

Registered office

26-28 Hammersmith Grove

London

W6 7BA

Accountants

TaxAssist Accountants (Enfield)

1st Floor

Unit 3

6 Kinetic Crescent

Enfield

Middx

EN3 7FJ

KPLEX LTD

CONTENTS

Page

Director's report

Accountants' report

Profit and loss account

Balance sheet

Notes to the financial statements

5 - 8

KPLEX LTD

DIRECTOR'S REPORT

FOR THE YEAR ENDED 30 NOVEMBER 2014

- 1 -

The director presents his report and financial statements for the year ended 30 November 2014.

Director

The following director has held office since 1 December 2013:

Mr K Ojukwu

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

Mr K Ojukwu

Director

17 August 2015

KPLEX LTD

ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KPLEX LTD FOR THE YEAR ENDED 30 NOVEMBER 2014

- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kplex Ltd for the year ended 30 November 2014 set out on pages 3 to 8 from the company’s accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Kplex Ltd, as a body, in accordance with the terms of our engagement letter dated 7 October 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Kplex Ltd and state those matters that we have agreed to state to the Board of Directors of Kplex Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kplex Ltd and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Kplex Ltd 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 Kplex Ltd. You consider that Kplex Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kplex Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

TaxAssist Accountants (Enfield)

17 August 2015

Accountants

1st Floor

Unit 3

6 Kinetic Crescent

Enfield

Middx

EN3 7FJ

KPLEX LTD

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 30 NOVEMBER 2014

- 3 -

2014

2013

Notes

Turnover

77,986

4,273

Cost of sales

(2,993)

Gross profit

77,986

1,280

Administrative expenses

(51,939)

(3,311)

Profit/(loss) on ordinary activities before taxation

26,047

(2,031)

Tax on profit/(loss) on ordinary activities

(5,348)

Profit/(loss) for the year

20,699

(2,031)

The profit and loss account has been prepared on the basis that all operations are continuing operations.

There are no recognised gains and losses other than those passing through the profit and loss account.

KPLEX LTD

BALANCE SHEET

AS AT

30 NOVEMBER 2014

- 4 -

2014

2013

Notes

Fixed assets

Tangible assets

8,344

492

Current assets

Debtors

22,534

Cash at bank and in hand

33,255

28,951

55,789

28,951

Creditors: amounts falling due within one year

(64,064)

(31,473)

Net current liabilities

(8,275)

(2,522)

Total assets less current liabilities

(2,030)

Capital and reserves

Called up share capital

Profit and loss account

(2,031)

Shareholders' funds

(2,030)

For the financial year ended 30 November 2014 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 year in question in accordance with section 476;

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 17 August 2015

Mr K Ojukwu

Director

Company Registration No. 08313892

KPLEX LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2014

- 5 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided on a straight line basis on cost, as follows:

Computer equipment

15% on cost

Motor vehicles

25% on cost

Operating profit/(loss)

2014

2013

Operating profit/(loss) is stated after charging:

Depreciation of tangible assets

2,733

Director's remuneration

7,868

1,282

KPLEX LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2014

- 6 -

Taxation

2014

2013

Domestic current year tax

U.K. corporation tax

5,348

Total current tax

5,348

Factors affecting the tax charge for the year

Profit/(loss) on ordinary activities before taxation

26,047

(2,031)

Profit/(loss) on ordinary activities before taxation multiplied by standard rate of UK corporation tax of 20.00% (2013 - 0%)

5,209

Effects of:

Depreciation add back

547

Capital allowances

(170)

Tax losses utilised

(238)

139

Current tax charge for the year

5,348

Dividends

2014

2013

Ordinary final paid

18,600

KPLEX LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2014

- 7 -

Tangible fixed assets

Plant and machinery etc

Cost

At 1 December 2013

579

Additions

10,585

At 30 November 2014

11,164

Depreciation

At 1 December 2013

Charge for the year

2,733

At 30 November 2014

2,820

Net book value

At 30 November 2014

8,344

At 30 November 2013

492

Debtors

2014

2013

Trade debtors

22,534

Creditors: amounts falling due within one year

2014

2013

Taxation and social security

5,348

Other creditors

58,716

31,473

64,064

31,473

Share capital

2014

2013

Allotted, called up and fully paid

1 Ordinary Share of £1 each

KPLEX LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2014

- 8 -

Statement of movements on profit and loss account

Profit
and loss
account

Balance at 1 December 2013

(2,031)

Profit for the year

20,699

Dividends paid

(18,600)

Balance at 30 November 2014

Reconciliation of movements in Shareholders' funds

2014

2013

Profit/(Loss) for the financial year

20,699

(2,031)

Dividends

(18,600)

2,099

(2,031)

Proceeds from issue of shares

Net addition to/(depletion in) shareholders' funds

2,099

(2,030)

Opening Shareholders' funds

(2,030)

Closing Shareholders' funds

(2,030)

Control

The ultimate controlling party during the period: Mr Kenny Ojukwu

Mr Kenny Ojukwu holds 100% of the issued share capital and is deemed to be the ultimate controlling

party.