Kemper System Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 03369714 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

KEMPER SYSTEM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A H Wiggenhagen

M Bruchez

REGISTERED OFFICE:

Kemper House

30 Kingsland Grange

Warrington

Cheshire

WA1 4RW

REGISTERED NUMBER:

03369714 (England and Wales)

SENIOR STATUTORY AUDITOR:

Keith Rotheram

AUDITORS:

C A Hunter Limited

Statutory Auditors

Britannia Chambers

26 George Street

St Helens

Merseyside

WA10 1BZ

FIXED ASSETS

Tangible assets

5

18,877

31,678

CURRENT ASSETS

Stocks

701,719

774,341

Debtors

6

762,988

581,735

Cash at bank and in hand

731,670

452,759

2,196,377

1,808,835

CREDITORS

Amounts falling due within one year

7

2,042,823

1,876,589

NET CURRENT ASSETS/(LIABILITIES)

153,554

(67,754

)

TOTAL ASSETS LESS CURRENT LIABILITIES

172,431

(36,076

)

PROVISIONS FOR LIABILITIES

2,530

2,584

NET ASSETS/(LIABILITIES)

169,901

(38,660

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

169,801

(38,760

)

SHAREHOLDERS' FUNDS

169,901

(38,660

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2023 and were signed on its behalf by:

M Bruchez - Director

1.	STATUTORY INFORMATION

Kemper System Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2021 - 18 ) .

4.	AUDITORS' REMUNERATION

31.12.22

31.12.21

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

6,200

6,000

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Computer

property

machinery

software

Totals

£

£

£

£

COST

At 1 January 2022

93,188

240,048

66,405

399,641

Additions

-

3,691

-

3,691

At 31 December 2022

93,188

243,739

66,405

403,332

DEPRECIATION

At 1 January 2022

75,122

226,436

66,405

367,963

Charge for year

9,319

7,173

-

16,492

At 31 December 2022

84,441

233,609

66,405

384,455

NET BOOK VALUE

At 31 December 2022

8,747

10,130

-

18,877

At 31 December 2021

18,066

13,612

-

31,678

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

692,289

494,920

Other debtors

70,699

86,815

762,988

581,735

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade creditors

42,636

90,497

Amounts owed to group undertakings

1,664,762

1,491,652

Taxation and social security

236,692

173,154

Other creditors

98,733

121,286

2,042,823

1,876,589

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.22

31.12.21

£

£

Within one year

106,359

124,382

Between one and five years

53,214

99,117

159,573

223,499

On 7 October 2013 the company entered into a 10 year property lease agreement with Mason & Partners Limited, with an annual rent of £96,985.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Keith Rotheram (Senior Statutory Auditor)

for and on behalf of C A Hunter Limited

10.	RELATED PARTY DISCLOSURES