KSL Design Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06464505 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

KSL DESIGN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Leatham

SECRETARY:

Mrs L Leatham

REGISTERED OFFICE:

17 Cortworth Place

Elsecar

Barnsley

S74 8HX

REGISTERED NUMBER:

06464505 (England and Wales)

ACCOUNTANTS:

Booth Lynch & Co Limited

4 The Dell

Woodlaithes Village

Rotherham

S66 3ZQ

FIXED ASSETS

Tangible assets

4

5,097

6,671

CURRENT ASSETS

Debtors

5

144,719

86,996

Cash at bank

199,959

29,525

344,678

116,521

CREDITORS

Amounts falling due within one year

6

119,281

37,934

NET CURRENT ASSETS

225,397

78,587

TOTAL ASSETS LESS CURRENT LIABILITIES

230,494

85,258

CREDITORS

Amounts falling due after more than one year

7

23,787

34,776

NET ASSETS

206,707

50,482

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

206,706

50,481

SHAREHOLDERS' FUNDS

206,707

50,482

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 15 October 2023 and were signed by:

K Leatham - Director

1.	STATUTORY INFORMATION

KSL Design 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, 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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2022

and 31 January 2023

3,889

14,699

6,516

25,104

DEPRECIATION

At 1 February 2022

2,020

10,630

5,783

18,433

Charge for year

374

1,017

183

1,574

At 31 January 2023

2,394

11,647

5,966

20,007

NET BOOK VALUE

At 31 January 2023

1,495

3,052

550

5,097

At 31 January 2022

1,869

4,069

733

6,671

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Trade debtors

-

690

Other debtors

144,719

86,306

144,719

86,996

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Bank loans and overdrafts

8,694

8,694

Trade creditors

1,500

1,501

Taxation and social security

108,285

25,975

Other creditors

802

1,764

119,281

37,934

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.23

31.1.22

£

£

Bank loans

23,787

34,776

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K Leatham.