Acorah Software Products - Accounts Production 14.5.601 false true true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 09163061 Mr Karim Youssef iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09163061 2022-08-31 09163061 2023-08-31 09163061 2022-09-01 2023-08-31 09163061 frs-core:CurrentFinancialInstruments 2023-08-31 09163061 frs-core:Non-currentFinancialInstruments 2023-08-31 09163061 frs-core:MotorVehicles 2023-08-31 09163061 frs-core:MotorVehicles 2022-09-01 2023-08-31 09163061 frs-core:MotorVehicles 2022-08-31 09163061 frs-core:PlantMachinery 2023-08-31 09163061 frs-core:PlantMachinery 2022-09-01 2023-08-31 09163061 frs-core:PlantMachinery 2022-08-31 09163061 frs-core:ShareCapital 2023-08-31 09163061 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 09163061 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 09163061 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 09163061 frs-bus:SmallEntities 2022-09-01 2023-08-31 09163061 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 09163061 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 09163061 frs-bus:OrdinaryShareClass1 2022-09-01 2023-08-31 09163061 frs-bus:OrdinaryShareClass1 2023-08-31 09163061 frs-bus:Director1 2022-09-01 2023-08-31 09163061 frs-core:CurrentFinancialInstruments 2 2023-08-31 09163061 frs-countries:EnglandWales 2022-09-01 2023-08-31 09163061 2021-08-31 09163061 2022-08-31 09163061 2021-09-01 2022-08-31 09163061 frs-core:CurrentFinancialInstruments 2022-08-31 09163061 frs-core:Non-currentFinancialInstruments 2022-08-31 09163061 frs-core:ShareCapital 2022-08-31 09163061 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31 09163061 frs-bus:OrdinaryShareClass1 2021-09-01 2022-08-31 09163061 frs-core:CurrentFinancialInstruments 2 2022-08-31
Registered number: 09163061
Ksg Elite Chauffeurs Ltd
Financial Statements
For The Year Ended 31 August 2023
C.T. Accountants
63b Brighton Road
South Croydon
CR2 6EE
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09163061
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,161 21,379
17,161 21,379
CURRENT ASSETS
Debtors 5 1,414 1,636
Cash at bank and in hand 10,221 2,130
11,635 3,766
Creditors: Amounts Falling Due Within One Year 6 (133,091 ) (135,180 )
NET CURRENT ASSETS (LIABILITIES) (121,456 ) (131,414 )
TOTAL ASSETS LESS CURRENT LIABILITIES (104,295 ) (110,035 )
Creditors: Amounts Falling Due After More Than One Year 7 (19,447 ) (21,769 )
NET LIABILITIES (123,742 ) (131,804 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (123,842 ) (131,904 )
SHAREHOLDERS' FUNDS (123,742) (131,804)
Page 1
Page 2
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Karim Youssef
Director
25th March 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ksg Elite Chauffeurs Ltd Registered number 09163061 is a limited by shares company incorporated in England & Wales. The Registered Office is 40 Bensham Manor Road, Thornton Heath, Surrey, CR7 7AA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 September 2022 333 67,283 67,616
Additions 1,217 - 1,217
As at 31 August 2023 1,550 67,283 68,833
Depreciation
As at 1 September 2022 243 45,994 46,237
Provided during the period 113 5,322 5,435
As at 31 August 2023 356 51,316 51,672
Net Book Value
As at 31 August 2023 1,194 15,967 17,161
As at 1 September 2022 90 21,289 21,379
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 162 147
VAT 1,252 1,489
1,414 1,636
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,115 1,829
Bank loans and overdrafts 3,112 4,394
Other loans 359 -
Other creditors 20,000 20,000
Directors current acc 106,658 108,145
Accruals and deferred income 847 812
133,091 135,180
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 18,908 21,769
Other loans 539 -
19,447 21,769
8. Share Capital
2023 2022
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
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