Kpp Search Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08138819 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Kpp Search Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P M Edwards

REGISTERED OFFICE:

33 Queen Street

London

EC4R 1BR

REGISTERED NUMBER:

08138819 (England and Wales)

ACCOUNTANTS:

Farnell Clarke Limited

Evolution House

Delft Way

Norwich Airport

Norwich

Norfolk

NR6 6BB

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

2,608

1,123

2,608

1,123

CURRENT ASSETS

Debtors

6

157,103

207,393

Cash at bank and in hand

101,328

47,381

258,431

254,774

CREDITORS

Amounts falling due within one year

7

177,023

174,672

NET CURRENT ASSETS

81,408

80,102

TOTAL ASSETS LESS CURRENT LIABILITIES

84,016

81,225

CREDITORS

Amounts falling due after more than one year

8

(27,374

)

-

PROVISIONS FOR LIABILITIES

(496

)

-

NET ASSETS

56,146

81,225

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

56,145

81,224

SHAREHOLDERS' FUNDS

56,146

81,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 8 October 2018 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Computer equipment

-

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.

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 4 (2017 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 April 2017

and 31 March 2018

1,500

AMORTISATION

At 1 April 2017

and 31 March 2018

1,500

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	PROPERTY, PLANT AND EQUIPMENT

Computer

equipment

£

COST

At 1 April 2017

2,688

Additions

2,430

At 31 March 2018

5,118

DEPRECIATION

At 1 April 2017

1,565

Charge for year

945

At 31 March 2018

2,510

NET BOOK VALUE

At 31 March 2018

2,608

At 31 March 2017

1,123

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

55,104

92,200

Other debtors

27,260

25,717

VAT

734

2,090

Accrued income

68,497

87,386

Prepayments

5,508

-

157,103

207,393

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans and overdrafts

12,521

48,700

Trade creditors

3,577

3,657

Tax

28,147

33,033

Social security and other taxes

3,451

3,347

Other creditors

403

-

Directors' current accounts

128,924

85,935

177,023

174,672

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans - 1-2 years

13,695

-

Bank loans - 2-5 years

13,679

-

27,374

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

1

Ordinary

£1

1

1

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £141,900 (2017 - £70,000) were paid to the director .

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

During the year KPP Search Ltd charged management fees to KPP Search Pty Ltd of £48,000 and KPP Search

Pty Ltd charged management fees of £144,179 to KPP Search Ltd.

KPP Search Ltd also loaned KPP Search Pty Ltd £95,622 during the year. KPP Search Pty Ltd owed KPP

Search Ltd £20,560 at the balance sheet date.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is P M Edwards.