Company Registration No. 12251986 (England and Wales)
K7 AUTOCARE LTD
Unaudited accounts
for the year ended 31 October 2023
K7 AUTOCARE LTD
Unaudited accounts
Contents
K7 AUTOCARE LTD
Company Information
for the year ended 31 October 2023
Company Number
12251986 (England and Wales)
Registered Office
477B WEST DERBY ROAD
LIVERPOOL
L6 4BN
ENGLAND
K7 AUTOCARE LTD
Statement of financial position
as at 31 October 2023
Tangible assets
10,303
11,826
Cash at bank and in hand
609
5,951
Creditors: amounts falling due within one year
(8,573)
(15,577)
Net current assets
20,439
22,384
Total assets less current liabilities
30,742
34,210
Creditors: amounts falling due after more than one year
(30,371)
(34,031)
Called up share capital
100
100
Profit and loss account
271
79
Shareholders' funds
371
179
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 29 July 2024 and were signed on its behalf by
KESAVAN CHANDRAN
Director
Company Registration No. 12251986
K7 AUTOCARE LTD
Notes to the Accounts
for the year ended 31 October 2023
K7 AUTOCARE LTD is a private company, limited by shares, registered in England and Wales, registration number 12251986. The registered office is 477B WEST DERBY ROAD, LIVERPOOL, L6 4BN, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
Over 10 years
Fixtures & fittings
Over 10 years
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2022
14,225
1,000
15,225
At 31 October 2023
14,225
1,000
15,225
At 1 November 2022
3,099
300
3,399
Charge for the year
1,423
100
1,523
At 31 October 2023
4,522
400
4,922
At 31 October 2023
9,703
600
10,303
At 31 October 2022
11,126
700
11,826
K7 AUTOCARE LTD
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Accrued income and prepayments
560
560
Other debtors
12,025
12,025
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Taxes and social security
558
1,013
Loans from directors
(2,240)
4,384
7
Creditors: amounts falling due after more than one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
859
37,396
36,015
2,240
The director's loan account is overdrawn; however, it was settled in 09 months
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).