Company Registration No. 13059126 (England and Wales)
KRS EXPRESS LTD
Unaudited accounts
for the year ended 31 December 2022
KRS EXPRESS LTD
Unaudited accounts
Contents
KRS EXPRESS LTD
Company Information
for the year ended 31 December 2022
Director
SINNATHAMBY Kamalathasan
Company Number
13059126 (England and Wales)
Registered Office
58 Priory Road
Liverpool
L4 2RZ
KRS EXPRESS LTD
Statement of financial position
as at 31 December 2022
Cash at bank and in hand
2,250
Creditors: amounts falling due within one year
(74,488)
Total assets less current liabilities
9,672
Creditors: amounts falling due after more than one year
(8)
Profit and loss account
9,663
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2023 and were signed on its behalf by
SINNATHAMBY Kamalathasan
Director
Company Registration No. 13059126
KRS EXPRESS LTD
Notes to the Accounts
for the year ended 31 December 2022
KRS EXPRESS LTD is a private company, limited by shares, registered in England and Wales, registration number 13059126. The registered office is 58 Priory Road, Liverpool, L4 2RZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
Over 4 years
Fixtures & fittings
Over 5 years
KRS EXPRESS LTD
Notes to the Accounts
for the year ended 31 December 2022
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
Additions
3,500
8,750
12,250
At 31 December 2022
3,500
8,750
12,250
Charge for the year
875
1,750
2,625
At 31 December 2022
875
1,750
2,625
At 31 December 2022
2,625
7,000
9,625
5
Creditors: amounts falling due within one year
2022
Taxes and social security
48
Loans from directors
31,170
6
Creditors: amounts falling due after more than one year
2022
Taxes and social security
8
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
8
Average number of employees
During the year the average number of employees was 2.