2022-10-01 09819105 2023-09-30 09819105 2022-10-01 2023-09-30 09819105 2022-09-30 09819105 2021-10-01 2022-09-30 09819105 uk-core:WithinOneYear 2022-09-30 09819105 uk-core:WithinOneYear 2023-09-30 09819105 uk-core:AfterOneYear 2022-09-30 09819105 uk-core:AfterOneYear 2023-09-30 09819105 uk-core:ShareCapital 2023-09-30 09819105 uk-core:ShareCapital 2022-09-30 09819105 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 09819105 uk-core:RetainedEarningsAccumulatedLosses 2022-09-30 09819105 uk-bus:Director1 2022-10-01 2023-09-30 09819105 uk-core:FurnitureFittingsToolsEquipment 2022-10-01 2023-09-30 09819105 uk-core:WithinOneYear 2023-09-30 09819105 uk-core:WithinOneYear 2022-09-30 09819105 uk-core:AfterOneYear uk-core:Secured 2023-09-30 09819105 uk-core:AfterOneYear uk-core:Secured 2022-09-30 09819105 2 uk-bus:Director1 2022-10-01 2023-09-30 09819105 2 uk-bus:Director1 2022-09-30 09819105 2 uk-bus:Director1 2023-09-30 iso4217:GBP xbrli:pure 09819105 uk-bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 09819105 uk-bus:FRS102 2022-10-01 2023-09-30 09819105 uk-bus:FilletedAccounts 2022-10-01 2023-09-30 09819105 uk-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30
KSK Project Services Limited
Registered Number:09819105
For the year ended 30 September 2023
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
09819105
As at 30 September 2023
KSK Project Services Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
537
716
2
537
716
Current assets
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
Capital and reserves
Called up share capital
100
100
Retained earnings
(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.
K Skeggs Director
These financial statements were approved and authorised for issue by the Board on 02 April 2024 and were signed by:
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4
Registered Number :
09819105
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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5
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.
Registered address:
30 Rectory Lane
Farnham
Bishops Stortford
Hertfordshire
CM23 1HU
The presentation currency is £ sterling.
1. Accounting policies
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:
25% Reducing balance
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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6
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
Fixtures and
fittings
£
Cost or
valuation
At 01 October 2022
1,718
At 30 September 2023
1,718
Provision for depreciation and impairment
At 01 October 2022
1,002
Charge for year
179
At 30 September 2023
1,181
At 30 September 2023
Net book value
537
At 30 September 2022
716
3. Trade and other receivables
2022
2023
£
£
Trade debtors
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
£
£
Bank loans and overdraft
5,002
4,997
Trade creditors
1
-
Taxation and social security
16,044
15,663
Accruals and deferred income
544
813
Directors' loan accounts
-
541
21,591
22,014
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7
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
£
£
Bank loans and overdraft
10,421
15,424
6. Directors advances and guarantees
Loaned
Repaid
Interest
At 01/10/2022
At 30/09/2023
£
£
£
£
£
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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