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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
Page
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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
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KRS EXPRESS LTD Statement of financial position as at 31 December 2022
2022 
Notes
£ 
Fixed assets
Tangible assets
9,625 
Current assets
Inventories
72,285 
Cash at bank and in hand
2,250 
74,535 
Creditors: amounts falling due within one year
(74,488)
Net current assets
47 
Total assets less current liabilities
9,672 
Creditors: amounts falling due after more than one year
(8)
Net assets
9,664 
Capital and reserves
Called up share capital
1 
Profit and loss account
9,663 
Shareholders' funds
9,664 
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
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KRS EXPRESS LTD Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Inventories
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
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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 
At 1 January 2022
- 
- 
- 
Additions
3,500 
8,750 
12,250 
At 31 December 2022
3,500 
8,750 
12,250 
Depreciation
Charge for the year
875 
1,750 
2,625 
At 31 December 2022
875 
1,750 
2,625 
Net book value
At 31 December 2022
2,625 
7,000 
9,625 
5
Creditors: amounts falling due within one year
2022 
£ 
VAT
551 
Trade creditors
42,205 
Taxes and social security
48 
Loans from directors
31,170 
Accruals
514 
74,488 
6
Creditors: amounts falling due after more than one year
2022 
£ 
Taxes and social security
8 
7
Share capital
2022 
£ 
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.
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