KS COOLING LTD - Accounts

KS COOLING LTD - Accounts

KS COOLING LTD - Company Information

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Registered Number: 13223929
England & Northern Ireland

 

 

 

KS COOLING LTD


Abridged Accounts
 


Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

KS COOLING LTD
Contents Page
For the year ended 28 February 2023
Accountant’s report
You consider that the company is exempt from an audit for the year ended 28 February 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
DJS Accounting Services
28 February 2023



....................................................
DJS Accounting Services
6 Elizabeth Way
Norwich
NR8 5HF
01 November 2023
1
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Intangible fixed assets 3 64,000    72,000 
Tangible fixed assets 4 36,138    46,339 
100,138    118,339 
Current assets      
Debtors 31,542    31,250 
Cash at bank and in hand 116,996    8,824 
148,538    40,074 
Creditors: amount falling due within one year (83,674)   (127,847)
Net current assets 64,864    (87,773)
 
Total assets less current liabilities 165,002    30,566 
Creditors: amount falling due after more than one year (13,000)   0 
Net assets 152,002    30,566 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 151,902    30,466 
Shareholder's funds 152,002    30,566 
 


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 01 November 2023 and were signed on its behalf by:


-------------------------------
Kelvin Haywood
Director
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General Information
KS COOLING LTD is a private company, limited by shares, registered in England & Northern Ireland, registration number 13223929, registration address 114 CROSTWICK LANE, SPIXWORTH, NORWICH, NORFOLK, NR10 3NQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Straight Line
Computer Equipment 33% Straight Line
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 0).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 March 2022 80,000    80,000 
Additions -    - 
Disposals -    - 
At 28 February 2023 80,000    80,000 
Amortisation
At 01 March 2022 8,000    8,000 
Charge for year 8,000    8,000 
On disposals -    - 
At 28 February 2023 16,000    16,000 
Net book values
At 28 February 2023 64,000    64,000 
At 28 February 2022 72,000    72,000 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 March 2022 -    47,326    1,572    48,898 
Additions 2,502    -    125    2,627 
Disposals -    -    -    - 
At 28 February 2023 2,502    47,326    1,697    51,525 
Depreciation
At 01 March 2022 -    2,346    213    2,559 
Charge for year 434    11,832    562    12,828 
On disposals -    -    -    - 
At 28 February 2023 434    14,178    775    15,387 
Net book values
Closing balance as at 28 February 2023 2,068    33,148    922    36,138 
Opening balance as at 01 March 2022 -    44,980    1,359    46,339 


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