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Company Registration No. 11600586 (England and Wales)
KVDETAILING LTD Unaudited accounts for the year ended 31 October 2023
KVDETAILING LTD Unaudited accounts Contents
Page
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KVDETAILING LTD Company Information for the year ended 31 October 2023
Director
Yaw Lin CHING
Company Number
11600586 (England and Wales)
Registered Office
20-22 Wenlock Road London N1 7GU England
Accountants
Lams Accountants 20 Burton Road Didsbury Manchester Greater Manchester M20 3ED
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KVDETAILING LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,979 
2,639 
Current assets
Debtors
5,390 
20,380 
Cash at bank and in hand
161 
12,190 
5,551 
32,570 
Creditors: amounts falling due within one year
(28,036)
(27,139)
Net current (liabilities)/assets
(22,485)
5,431 
Net (liabilities)/assets
(20,506)
8,070 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(20,507)
8,069 
Shareholders' funds
(20,506)
8,070 
For the year ending 31 October 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 February 2024 and were signed on its behalf by
Yaw Lin CHING Director Company Registration No. 11600586
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KVDETAILING LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
KVDETAILING LTD is a private company, limited by shares, registered in England and Wales, registration number 11600586. The registered office is 20-22 Wenlock Road, London, N1 7GU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reducing Balance Method
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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KVDETAILING LTD Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2022
5,169 
At 31 October 2023
5,169 
Depreciation
At 1 November 2022
2,530 
Charge for the year
660 
At 31 October 2023
3,190 
Net book value
At 31 October 2023
1,979 
At 31 October 2022
2,639 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,390 
20,380 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,381 
3,853 
Loans from directors
26,580 
23,213 
Accruals
75 
73 
28,036 
27,139 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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