KSK Project Services Limited |
Registered Number:09819105 |
For the year ended 30 September 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 September 2023
KSK Project Services Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
KSK Project Services Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
537
716
2
537
716
Trade and other receivables |
19,671
23,330
3
18,485
Cash and cash equivalents |
7,341
30,671
38,156
Trade and other payables: amounts falling due within one |
year |
(22,014)
(21,591)
4
16,142
9,080
Net current assets
Total assets less current liabilities |
9,617
16,858
Trade and other payables: amounts falling due after more |
than one year |
(15,424)
(10,421)
5
(142)
(136)
Provisions for liabilities |
(946)
Net assets/liabilities
1,298
100
100
(1,046)
1,198
(946)
1,298
Shareholders' funds
For the year ended 30 September 2023 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 of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 02 April 2024 and were signed by: |
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For the year ended 30 September 2023
KSK Project Services Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 30 September 2023
KSK Project Services Limited
Notes to the Financial Statements
Statutory Information
KSK Project Services Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 09819105. |
30 Rectory Lane
Farnham
Bishops Stortford
Hertfordshire
CM23 1HU
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention. |
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Fixtures and fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
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. |
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
Financial Instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the |
contractual provisions of the instrument. |
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction |
price. |
Basic financial liabilities |
Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing |
transaction, where the debt instrument is measured at the present value of the future payments discounted at a |
market rate of interest. Financial liabilities classified as payable within one year are not amortised. |
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For the year ended 30 September 2023
KSK Project Services Limited
Notes to the Financial Statements Continued
Equity Instruments
Equity Instruments issued by the company are recorded at the proceeds received. Dividends payable on equity |
instruments are recognised once they are no longer at the discretion of the company. |
2. Property, plant and equipment |
1,718
1,718
Provision for depreciation and impairment |
1,002
Charge for year
179
1,181
537
716
3. Trade and other receivables |
2022
2023
22,536
19,500
Prepayments and accrued income |
72
58
Amounts owed by directors |
722
-
Taxation and social security |
-
113
19,671
23,330
4. Trade and other payables: amounts falling due within one year |
2022
2023
5,002
4,997
1
-
Taxation and social security |
16,044
15,663
Accruals and deferred income |
544
813
-
541
21,591
22,014
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For the year ended 30 September 2023
KSK Project Services Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
10,421
15,424
6. Directors advances and guarantees |
Loaned
Repaid
Interest
K Skeggs
Directors loan
(541)
722
18,845
17,857
275
(541)
722
18,845
17,857
275
The overdrawn director's current account was unsecured and repayable on demand. Interest was paid at the rate of |
2% and 2.25%. |
7. Average number of persons employed |
During the year the average number of employees was 2 (2022 : 2)
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