| KDS Automotive Ltd |
| Registered number: |
13376044 |
| Balance Sheet |
| as at 31 March 2023 |
|
| Notes |
|
|
2023 |
|
|
2022 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
853 |
|
|
1,137 |
|
| Current assets |
| Stocks |
|
|
72,462 |
|
|
18,690 |
| Debtors |
4 |
|
4,864 |
|
|
4,242 |
| Cash at bank and in hand |
|
|
25,950 |
|
|
47,625 |
|
|
|
103,276 |
|
|
70,557 |
|
| Creditors: amounts falling due within one year |
5 |
|
(109,532) |
|
|
(19,439) |
|
| Net current (liabilities)/assets |
|
|
|
(6,256) |
|
|
51,118 |
|
| Total assets less current liabilities |
|
|
|
(5,403) |
|
|
52,255 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
- |
|
|
(50,844) |
|
|
|
| Net (liabilities)/assets |
|
|
|
(5,403) |
|
|
1,411 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
(5,404) |
|
|
1,410 |
|
| Shareholder's funds |
|
|
|
(5,403) |
|
|
1,411 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| K D Sansum |
| Director |
| Approved by the board on 5 December 2023 |
|
| KDS Automotive Ltd |
| Notes to the Accounts |
| for the period from 1 June 2022 to 31 March 2023 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
| 2 |
Employees |
2023 |
|
2022 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 June 2022 |
1,562 |
|
At 31 March 2023 |
1,562 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2022 |
425 |
|
Charge for the period |
284 |
|
At 31 March 2023 |
709 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2023 |
853 |
|
At 31 May 2022 |
1,137 |
|
|
| 4 |
Debtors |
2023 |
|
2022 |
| £ |
£ |
|
|
Trade debtors |
4,864 |
|
- |
|
Other debtors |
- |
|
4,242 |
|
|
|
|
|
|
4,864 |
|
4,242 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Bank loans and overdrafts |
- |
|
4,505 |
|
Trade creditors |
43,500 |
|
- |
|
Accruals |
|
|
|
|
2,000 |
|
2,640 |
|
Taxation and social security costs |
2,286 |
|
2,487 |
|
Director's Current Account |
51,317 |
|
9,807 |
|
Deferred income |
8,829 |
|
- |
|
Other creditors |
1,600 |
|
- |
|
|
|
|
|
|
109,532 |
|
19,439 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Bank loans |
- |
|
50,844 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
KDS Automotive Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
4 Gentlemens Field |
|
Westmill Road |
|
Ware |
|
Hertfordshire |
|
SG12 0EF |
