KRR (UK) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05741844 (England and Wales)

Unaudited Financial Statements For The Year Ended 30 April 2023

for

KRR (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Anderson

K Anderson

REGISTERED OFFICE:

Home Farm Business Unit 7

Loseley Park

Guildford

Surrey

GU3 1HS

REGISTERED NUMBER:

05741844 (England and Wales)

ACCOUNTANTS:

Fuller Spurling

Mill House

58 Guildford Street

Chertsey

Surrey

KT16 9BE

FIXED ASSETS

Tangible assets

4

235,881

176,542

CURRENT ASSETS

Stocks

523,201

365,626

Debtors

5

2,078,282

1,843,292

Cash at bank and in hand

1,199,134

1,408,590

3,800,617

3,617,508

CREDITORS

Amounts falling due within one year

6

1,066,055

1,281,966

NET CURRENT ASSETS

2,734,562

2,335,542

TOTAL ASSETS LESS CURRENT LIABILITIES

2,970,443

2,512,084

CREDITORS

Amounts falling due after more than one year

7

(52,136

)

(39,670

)

PROVISIONS FOR LIABILITIES

(45,997

)

(33,543

)

NET ASSETS

2,872,310

2,438,871

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,872,210

2,438,771

2,872,310

2,438,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2023 and were signed on its behalf by:

M J Anderson - Director

1.	STATUTORY INFORMATION

KRR (UK) 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.

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 and is recognised as services are provided.

Tangible fixed assets

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

Short leasehold

-

in accordance with the lease term

Plant & machinery

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation represents the sum of tax currently payable, and deferred tax if material.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant &

Motor

Computer

leasehold

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2022

69,706

350,294

106,473

72,138

598,611

Additions

-

65,325

64,540

1,657

131,522

At 30 April 2023

69,706

415,619

171,013

73,795

730,133

DEPRECIATION

At 1 May 2022

69,706

235,029

50,830

66,504

422,069

Charge for year

-

46,868

23,087

2,228

72,183

At 30 April 2023

69,706

281,897

73,917

68,732

494,252

NET BOOK VALUE

At 30 April 2023

-

133,722

97,096

5,063

235,881

At 30 April 2022

-

115,265

55,643

5,634

176,542

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade debtors

768,977

541,499

Amounts owed by group undertakings

1,291,736

1,291,736

Directors' current accounts

4,945

-

Prepayments

12,624

10,057

2,078,282

1,843,292

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Bank loans and overdrafts

9,768

9,547

Hire purchase contracts

19,013

-

Trade creditors

518,126

452,952

Corporation tax

79,808

224,924

Social security and other taxes

42,927

71,596

VAT

298,476

284,814

Other creditors

5,637

17,490

Directors' current accounts

-

1,429

Accrued expenses

92,300

219,214

1,066,055

1,281,966

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.23

30.4.22

£

£

Bank loans

29,955

39,670

Hire purchase contracts

22,181

-

52,136

39,670

8.	LEASE COMMITMENTS

At 30th April 2023, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £170,400 (2022: £198,800).

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23

30.4.22

£

£

M J Anderson

Balance outstanding at start of year

-

-

Amounts advanced

5,380

-

Amounts repaid

(435

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,945

-

The loan was repaid on 21st September 2023

10.	ULTIMATE CONTROLLING PARTY

At the balance sheet date the company was controlled by Mr & Mrs Anderson, who between them held 100% of the parent company Anderson Holdings (KRR) Ltd