KPP Search Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 08138819 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

KPP Search Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P M Edwards

REGISTERED OFFICE:

1 Long Lane

London

SE1 4PG

REGISTERED NUMBER:

08138819 (England and Wales)

ACCOUNTANTS:

Silvester Parker Limited

The Spinney

Beausale

Warwick

Warwickshire

CV35 7NU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

12,857

1,717

12,857

1,717

CURRENT ASSETS

Debtors

6

373,120

226,520

Cash at bank

5,665

8,567

378,785

235,087

CREDITORS

Amounts falling due within one year

271,903

139,280

NET CURRENT ASSETS

106,882

95,807

TOTAL ASSETS LESS CURRENT LIABILITIES

119,739

97,524

CREDITORS

Amounts falling due after more than one year

(49,016

)

(90,268

)

PROVISIONS FOR LIABILITIES

(2,443

)

(326

)

NET ASSETS

68,280

6,930

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

68,279

6,929

SHAREHOLDERS' FUNDS

68,280

6,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 December 2023 and were signed by:

P M Edwards - Director

1.	STATUTORY INFORMATION

KPP Search Ltd 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, 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 each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 10 (2022 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2022

1,500

Disposals

(1,500

)

At 31 March 2023

-

AMORTISATION

At 1 April 2022

1,500

Eliminated on disposal

(1,500

)

At 31 March 2023

-

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2022

11,262

Additions

15,884

At 31 March 2023

27,146

DEPRECIATION

At 1 April 2022

9,545

Charge for year

4,744

At 31 March 2023

14,289

NET BOOK VALUE

At 31 March 2023

12,857

At 31 March 2022

1,717

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Other debtors

21,840

13,500

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

value:

£

£

1

Ordinary

£1

1

1

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23

31.3.22

£

£

P M Edwards

Balance outstanding at start of year

(62

)

(671

)

Amounts advanced

27,812

609

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

27,750

(62

)

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £85,000 (2022 -£92,000) were paid to the director.

The director of KPP Search Ltd, Mr Edwards, is also a director and shareholder of KPP Search Pty Ltd.

In prior years KPP Search Ltd have charged management charge fees to KPP Search Pty Ltd but this has not occurred during this accounts year, (2022: £48,000)

Transactions have occurred between the two companies to recharge sales income relating to the other company and to recharge overhead costs belonging to the other company to ensure that revenues and costs are accurately reflected in the correct entity. During the year KPP Search Ltd recharged income of £86,667 and costs of £23,983 to KPP Search Pty Ltd and KPP Search Pty Ltd recharged revenues of £64,571 back to KPP Search Ltd

KPP Search Ltd owed KPP Search PTY Ltd £127,097 (2022: £2,118 balance owed to KPP Search Ltd) at the balance sheet date.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P M Edwards.