K. S. Services Limited - Accounts to registrar (filleted) - small 23.1.2

K. S. Services Limited - Accounts to registrar (filleted) - small 23.1.2

K.S. SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 02847837 (England and Wales)















Financial Statements

for the Year Ended 30 September 2022

for

K. S. SERVICES LIMITED
K. S. SERVICES LIMITED (REGISTERED NUMBER: 02847837)

Contents of the Financial Statements
for the Year Ended 30 September 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K. S. SERVICES LIMITED

Company Information
for the Year Ended 30 September 2022







DIRECTORS: I S Kelt
P D Kelt
R I Kelt





SECRETARY: Mrs D Kelt





REGISTERED OFFICE: Prince William House
3 Clifton Villas
Bradford
West Yorkshire
BD8 7BY





REGISTERED NUMBER: 02847837 (England and Wales)





ACCOUNTANTS: Rawse, Varley & Co
Chartered Accountants
Lloyds Bank Chambers
Hustlergate
Bradford
BD1 1UQ
Page 1
K. S. SERVICES LIMITED (REGISTERED NUMBER: 02847837)

Balance Sheet
30 September 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 135,364 47,131

CURRENT ASSETS
Stock 35,492 20,211
Debtors 5 283,607 328,372
Cash at bank and in hand 1,032,937 915,283
1,352,036 1,263,866
CREDITORS
Amounts falling due within one year 6 451,794 542,645
NET CURRENT ASSETS 900,242 721,221
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,035,606
768,352

PROVISIONS FOR LIABILITIES 25,723 8,959
NET ASSETS 1,009,883 759,393

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,009,783 759,293
SHAREHOLDERS' FUNDS 1,009,883 759,393

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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 notes form part of these financial statements

Page 2
K. S. SERVICES LIMITED (REGISTERED NUMBER: 02847837)

Balance Sheet - continued
30 September 2022


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 3 April 2023 and were signed on its behalf by:





P D Kelt - Director


The notes form part of these financial statements

Page 3
K. S. SERVICES LIMITED (REGISTERED NUMBER: 02847837)

Notes to the Financial Statements
for the Year Ended 30 September 2022


1. STATUTORY INFORMATION

K. S. Services 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 represents the invoiced amount of goods sold and services provided exclusive of value added tax. In the case of service contracts income is recognised in the profit and loss account on a time apportionment basis, the proportion of contract income unexpired at the balance sheet date being deferred to the following year in order to match more closely the work done.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation.

Depreciation is calculated to write off the cost less estimated residual value of the assets over their expected useful lives at the following annual rates:

Short leasehold improvements - 20% of cost
Fixtures and fittings - 15% of book value
Computer equipment - 33 1/3% of cost
Motor vehicles - 20% of cost

Stock
Stock is stated at the lower of cost and net realisable value.

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 taxation
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
Contributions payable to the company's money purchase pension schemes and to employees' personal pension schemes are charged to profit and loss account when incurred.

Page 4
K. S. SERVICES LIMITED (REGISTERED NUMBER: 02847837)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2022


2. ACCOUNTING POLICIES - continued

Leases
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2021 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant,
equipment
Land and and
buildings vehicles Totals
£    £    £   
COST
At 1 October 2021 33,352 141,636 174,988
Additions - 145,755 145,755
Disposals - (19,795 ) (19,795 )
At 30 September 2022 33,352 267,596 300,948
DEPRECIATION
At 1 October 2021 32,753 95,104 127,857
Charge for year 300 57,222 57,522
Eliminated on disposal - (19,795 ) (19,795 )
At 30 September 2022 33,053 132,531 165,584
NET BOOK VALUE
At 30 September 2022 299 135,065 135,364
At 30 September 2021 599 46,532 47,131

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 261,245 305,870
Prepayments and accrued income 6,175 6,425
Deferred maintenance expenditure 16,187 16,077
283,607 328,372

Page 5
K. S. SERVICES LIMITED (REGISTERED NUMBER: 02847837)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2022


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 155,852 177,547
Corporation tax 97,787 117,874
Social security and other taxes 86,709 80,017
Other creditors 5,577 4,939
Directors' current accounts 10 10
Accrued expenses 4,100 3,050
Deferred maintenance income 101,759 159,208
451,794 542,645

Page 6