0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 241,807 142,385 384,192 384,192 241,807 xbrli:pure xbrli:shares iso4217:GBP 13421811 2022-04-01 2023-03-31 13421811 2023-03-31 13421811 2022-03-31 13421811 2021-05-26 2022-03-31 13421811 2022-03-31 13421811 2021-05-25 13421811 bus:Director1 2022-04-01 2023-03-31 13421811 bus:Director2 2022-04-01 2023-03-31 13421811 core:WithinOneYear 2023-03-31 13421811 core:WithinOneYear 2022-03-31 13421811 core:LandBuildings core:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13421811 core:AfterOneYear 2023-03-31 13421811 core:AfterOneYear 2022-03-31 13421811 core:ShareCapital 2023-03-31 13421811 core:ShareCapital 2022-03-31 13421811 core:RetainedEarningsAccumulatedLosses 2023-03-31 13421811 core:RetainedEarningsAccumulatedLosses 2022-03-31 13421811 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 13421811 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 13421811 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 13421811 bus:SmallEntities 2022-04-01 2023-03-31 13421811 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 13421811 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 13421811 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13421811 bus:FullAccounts 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 13421811
KSDA LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2023
KSDA LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
384,192
241,807
CURRENT ASSETS
Debtors
5
700
Cash at bank and in hand
13,367
8,623
--------
-------
13,367
9,323
CREDITORS: amounts falling due within one year
6
156,662
108,866
----------
----------
NET CURRENT LIABILITIES
143,295
99,543
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
240,897
142,264
CREDITORS: amounts falling due after more than one year
7
246,969
152,525
----------
----------
NET LIABILITIES
( 6,072)
( 10,261)
----------
----------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
( 6,172)
( 10,361)
-------
--------
SHAREHOLDERS FUNDS
( 6,072)
( 10,261)
-------
--------
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
KSDA LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 31 January 2024 , and are signed on behalf of the board by:
Dr K Kumar
Dr G Kumar
Director
Director
Company registration number: 13421811
KSDA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Fulford Lodge, 1 Heslington Lane, Fulford, York, YO10 4HW.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standards applicable in the UK and Republic of Ireland'.
3. ACCOUNTING POLICIES
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Going concern
In March 2020 the UK was impacted by the outbreak of Covid-19. The Government imposed significant restrictions at that time in an effort to manage the spread of the virus which resulted in the company having to review and change its working practices to ensure compliance with these restrictions. More latterly, the UK economy has been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
(c) Revenue recognition
The revenue shown in the profit and loss account represents income receivable from rental properties.
(d) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. .
(e) Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
(f) Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. TANGIBLE ASSETS
Freehold property
£
Cost
At 1 April 2022
241,807
Additions
142,385
----------
At 31 March 2023
384,192
----------
Depreciation
At 1 April 2022 and 31 March 2023
----------
Carrying amount
At 31 March 2023
384,192
----------
At 31 March 2022
241,807
----------
5. DEBTORS
2023
2022
£
£
Other debtors
700
----
----
6. CREDITORS: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
7,607
4,385
Accruals and deferred income
913
913
Directors current account
19,734
10,215
Intercompany account - East Parade Dental Practice Limited
128,408
93,353
----------
----------
156,662
108,866
----------
----------
7. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
246,969
152,525
----------
----------
8. RELATED PARTY TRANSACTIONS
During the year the Director loaned the company £ 15,914 2022-(£ 10,215 ). This loan is repayable upon demand. Interest was charged on the loan at the UK market rate in March 2023.