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REGISTERED NUMBER: SC676158 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

K S DRYCLEANERS (GLW) Ltd

K S DRYCLEANERS (GLW) Ltd (Registered number: SC676158)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K S DRYCLEANERS (GLW) Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: K Jain





REGISTERED OFFICE: Unit 3
Morris Park
37 Rosyth Road
Glasgow
G5 0YE





REGISTERED NUMBER: SC676158 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

K S DRYCLEANERS (GLW) Ltd (Registered number: SC676158)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,223 13,463

CURRENT ASSETS
Stocks 5 164 357
Debtors 6 560 58
Cash at bank and in hand 21 1,221
745 1,636
CREDITORS
Amounts falling due within one year 7 12,270 3,669
NET CURRENT LIABILITIES (11,525 ) (2,033 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

698

11,430

CREDITORS
Amounts falling due after more than one
year

8

8,846

9,819
NET (LIABILITIES)/ASSETS (8,148 ) 1,611

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (8,248 ) 1,511
SHAREHOLDERS' FUNDS (8,148 ) 1,611

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

K S DRYCLEANERS (GLW) Ltd (Registered number: SC676158)

Balance Sheet - continued
31 October 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 director and authorised for issue on 17 April 2024 and were signed by:





K Jain - Director


K S DRYCLEANERS (GLW) Ltd (Registered number: SC676158)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

K S DRYCLEANERS (GLW) Ltd is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

K S DRYCLEANERS (GLW) Ltd (Registered number: SC676158)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2022 13,684 4,649 289 18,622
Additions - - 1,068 1,068
At 31 October 2023 13,684 4,649 1,357 19,690
DEPRECIATION
At 1 November 2022 3,797 1,290 72 5,159
Charge for year 1,483 504 321 2,308
At 31 October 2023 5,280 1,794 393 7,467
NET BOOK VALUE
At 31 October 2023 8,404 2,855 964 12,223
At 31 October 2022 9,887 3,359 217 13,463

5. STOCKS
31.10.23 31.10.22
£    £   
Stocks 164 357

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 560 58

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 1,325 -
Trade creditors - (1 )
Tax 375 2,373
Directors' current accounts 9,260 -
Accrued expenses 1,310 1,297
12,270 3,669

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Loans 8,846 9,819