K. S. Services Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02847837 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 September 2016

for

K. S. SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

I S Kelt

P D 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

FIXED ASSETS

Tangible assets

2

42,179

45,090

CURRENT ASSETS

Stocks

78,334

59,785

Debtors

343,130

350,408

Cash at bank and in hand

249,304

351,633

670,768

761,826

CREDITORS

Amounts falling due within one year

404,890

422,204

NET CURRENT ASSETS

265,878

339,622

TOTAL ASSETS LESS CURRENT
LIABILITIES

308,057

384,712

PROVISIONS FOR LIABILITIES

7,673

8,533

NET ASSETS

300,384

376,179

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

300,284

376,079

SHAREHOLDERS' FUNDS

300,384

376,179

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 31 March 2017 and were signed on its behalf by:

I S Kelt - Director

P D Kelt - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

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

Stocks

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

Deferred taxation

Provision is made at current rates of corporation tax in respect of all timing differences between the recognition

of gains and losses in the accounts and tax computations.

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.

Leases

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

104,803

Additions

9,490

At 30 September 2016

114,293

DEPRECIATION

At 1 October 2015

59,713

Charge for year

12,401

At 30 September 2016

72,114

NET BOOK VALUE

At 30 September 2016

42,179

At 30 September 2015

45,090

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Nominal

2016

2015

Number:

Class:

value:

£

18

A Ordinary shares

£1

18

13

B Ordinary shares

£1

13

25

C Ordinary shares

£1

25

19

D Ordinary shares

£1

19

13

E Ordinary shares

£1

13

12

F Ordinary shares

£1

12

100

Ordinary shares

£1

100

Share capital was reclassified during the year as disclosed above. All share classes rank equally, except that

dividends may be paid on each class of shares at different rates and frequency, and D and F Ordinary shares do

not carry voting rights.