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REGISTERED NUMBER: 07391928 (England and Wales)










KCS ENGINEERING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






KCS ENGINEERING LTD (REGISTERED NUMBER: 07391928)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


KCS ENGINEERING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: S W G Coles
Mrs K Coles





SECRETARY: Mrs K Coles





REGISTERED OFFICE: 45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP





REGISTERED NUMBER: 07391928 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP

KCS ENGINEERING LTD (REGISTERED NUMBER: 07391928)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,495 59,151

CURRENT ASSETS
Debtors 5 43,230 14,622
Cash at bank 10,379 9,886
53,609 24,508
CREDITORS
Amounts falling due within one year 6 54,805 43,300
NET CURRENT LIABILITIES (1,196 ) (18,792 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,299

40,359

PROVISIONS FOR LIABILITIES 7 9,404 11,238
NET ASSETS 38,895 29,121

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 38,795 29,021
SHAREHOLDERS' FUNDS 38,895 29,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

KCS ENGINEERING LTD (REGISTERED NUMBER: 07391928)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by:




S W G Coles - Director



Mrs K Coles - Director


KCS ENGINEERING LTD (REGISTERED NUMBER: 07391928)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

KCS Engineering Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Machinery - 15% reducing balance
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

KCS ENGINEERING LTD (REGISTERED NUMBER: 07391928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
Machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 27,259 2,068 88,765 7,055 125,147
Additions 5,198 - - - 5,198
At 30 September 2023 32,457 2,068 88,765 7,055 130,345
DEPRECIATION
At 1 October 2022 19,677 1,150 38,774 6,395 65,996
Charge for year 1,919 138 12,498 299 14,854
At 30 September 2023 21,596 1,288 51,272 6,694 80,850
NET BOOK VALUE
At 30 September 2023 10,861 780 37,493 361 49,495
At 30 September 2022 7,582 918 49,991 660 59,151

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 43,230 14,622

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,680 -
Taxation and social security 29,645 23,069
Other creditors 20,480 20,231
54,805 43,300

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 9,404 11,238

Deferred
tax
£   
Balance at 1 October 2022 11,238
Movement in the year (1,834 )
Balance at 30 September 2023 9,404

KCS ENGINEERING LTD (REGISTERED NUMBER: 07391928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8. RELATED PARTY DISCLOSURES

During the year the directors made funds available to the company to assist with the provision of working capital. The loan was interest free, unsecured and repayable on demand. The amount outstanding at the balance sheet date was £18,280 (2022 - £18,339).