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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
Page
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K7 AUTOCARE LTD Company Information for the year ended 31 October 2023
Director
KESAVAN CHANDRAN
Company Number
12251986 (England and Wales)
Registered Office
477B WEST DERBY ROAD LIVERPOOL L6 4BN ENGLAND
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K7 AUTOCARE LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,303 
11,826 
Current assets
Inventories
7,568 
11,750 
Debtors
20,835 
20,260 
Cash at bank and in hand
609 
5,951 
29,012 
37,961 
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)
Net assets
371 
179 
Capital and reserves
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
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K7 AUTOCARE LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
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.
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 
Depreciation
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 
Net book value
At 31 October 2023
9,703 
600 
10,303 
At 31 October 2022
11,126 
700 
11,826 
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K7 AUTOCARE LTD Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,250 
7,675 
Accrued income and prepayments
560 
560 
Other debtors
12,025 
12,025 
20,835 
20,260 
6
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 
Accruals
255 
180 
8,573 
15,577 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
30,371 
34,031 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
KESAVAN CHANDRAN
Director's Loan
859 
37,396 
36,015 
2,240 
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).
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