Kaplas (UK) Limited
Kaplas (UK) Limited
Registered number: 04329751
Unaudited Financial Statements
For The Year Ended
31 December 2021
Tax and Advise Ltd
17 Carlisle Street
First Floor
London
W1D 3BU
Kaplas (UK) Limited
Unaudited Financial Statements
For The Year Ended
31 December 2021
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Kaplas (UK) Limited
Balance Sheet
As at
31 December 2021
Balance Sheet
Registered number:
04329751
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
| 2021 | 2020 | ||||
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| Notes | € | € | € | € | |
| CURRENT ASSETS | |||||
| Debtors | 3 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
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| Creditors: Amounts Falling Due After More Than One Year | 5 |
( |
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| NET LIABILITIES |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Profit and Loss Account |
( |
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| SHAREHOLDERS' FUNDS | (564,807) | (556,401) | |||
Kaplas (UK) Limited
Balance Sheet (continued)
As at
31 December 2021
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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The notes on pages 3 to 4 form part of these financial statements.
Kaplas (UK) Limited
Notes to the Financial Statements
For The Year Ended
31 December 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Foreign Currencies
The company`s functional and presentation currency is the Euro.
Monetary assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Euro at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2020: NIL)
3.
Debtors
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| € | € | ||
| Due within one year | |||
| Trade debtors |
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| Director's loan account | - |
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| Due after more than one year | |||
| Corporation tax recoverable assets |
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4.
Creditors: Amounts Falling Due Within One Year
| 2021 | 2020 | ||
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| € | € | ||
| Trade creditors |
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| Bank loans and overdrafts |
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Kaplas (UK) Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2021
5.
Creditors: Amounts Falling Due After More Than One Year
| 2021 | 2020 | ||
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| € | € | ||
| Bank loans |
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7.
Ultimate Parent Undertaking and Controlling Party
The intermediate controlling party is
Equity and Law Corp, S.A.
.
Equity and Law Corp, S.A.
is a company incorporated in the republic of Panama.
The company's ultimate controlling party is Mr Juan Francisco Capellas Cabanes.
8.
General Information
Kaplas (UK) Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
04329751
. The registered office is 17 Carlisle Street, First Floor, London, W1D 3BU.