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KZSS Ltd
Registered Number:12761257
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2023
KZSS Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
12761257
As at 31 July 2023
KZSS Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
178,637
167,001
2
3
738,461
-
Investment property
917,098
167,001
Current assets
Inventories
165,800
198,000
4
Trade and other receivables
63,478
70,078
5
2,543
Cash and cash equivalents
60,510
328,588
231,821
Trade and other payables: amounts falling due within one
year
(230,632)
(949,893)
6
1,189
(621,305)
Net current liabilities
Total assets less current liabilities
295,793
168,190
295,793
Net assets
168,190
Capital and reserves
Called up share capital
100,000
100,000
Retained earnings
195,793
68,190
295,793
168,190
Shareholders' funds
For the year ended 31 July 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 31 July 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.
Shelley Ruth Selner Director
These financial statements were approved and authorised for issue by the Board on 23 April 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 July 2023
KZSS Ltd
Notes to the Financial Statements
Statutory Information
KZSS Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
12761257.
Principal place of business:
Trewint Service Station
Launceston
Cornwall
PL15 7TF
Registered address:
Unit 9,
97-101 Hainault Business Park,
Hainault
Essex
IG5 0BQ
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 as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, 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:
Land and Buildings Improvement
10% Straight line
Plant and Machinery
25% Reducing balance
25% Straight line
Computer Equipment
25% Reducing balance
Motor Vehicles
20% Reducing balance
Furniture and Fittings
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5
For the year ended 31 July 2023
KZSS Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
Land and
Buildings
Improvement
£
£
£
£
£
£
Cost or
valuation
At 01 August
2022
206,107
2,500
47,099
-
-
156,508
45,255
-
-
25,000
20,255
-
Additions
At 31 July 2023
156,508
25,000
47,099
2,500
251,362
20,255
Provision for depreciation and impairment
At 01 August
2022
39,106
1,250
16,955
-
-
20,901
Charge for year
33,619
625
6,029
6,250
5,064
15,651
At 31 July 2023
72,725
1,875
22,984
6,250
5,064
36,552
At 31 July 2023
Net book value
119,956
15,191
18,750
24,115
625
178,637
135,607
-
-
30,144
1,250
167,001
At 31 July 2022
3. Investment property
Total
£
Fair value
Additions
738,461
At 31 July 2023
738,461
Net book value
At 31 July 2023
738,461
A farm including buildings was purchased in the year for £738,461 including associated legal costs. The directors consider the value of the farm to be in the region of £900,000 at the balance sheet date but as no professional valuation has been obtained, the value in the accounts has not been altered to reflect this.However no depreciation has been provided.
4. Inventories
2022
2023
£
£
Stocks
198,000
165,800
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6
For the year ended 31 July 2023
KZSS Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2022
2023
£
£
Trade debtors
40,878
-
Other debtors
29,200
63,478
63,478
70,078
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
337,500
-
Trade creditors
190,077
132,508
Taxation and social security
91,825
28,990
Other creditors
330,491
69,134
949,893
230,632
7. Average number of persons employed
During the year the average number of employees was 5 (2022 : 5)
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