Company Registration No. 12094509 (England and Wales)
KSK Retail Ltd
Unaudited accounts
for the year ended 31 July 2023
KSK Retail Ltd
Unaudited accounts
Contents
KSK Retail Ltd
Company Information
for the year ended 31 July 2023
Company Number
12094509 (England and Wales)
Registered Office
178-180 SHIRLEY ROAD
SOUTHAMPTON
SO15 3FN
ENGLAND
Accountants
Equifin Accountancy Ltd
87 Kingshill drive
Harrow
Middlesex
HA3 8QQ
KSK Retail Ltd
Statement of financial position
as at 31 July 2023
Intangible assets
24,000
28,000
Tangible assets
66,623
89,293
Cash at bank and in hand
2,508
1,828
Creditors: amounts falling due within one year
(21,887)
(15,567)
Net current assets
64,875
120,599
Total assets less current liabilities
155,498
237,892
Creditors: amounts falling due after more than one year
(99,066)
(187,800)
Called up share capital
1
1
Profit and loss account
56,431
50,091
Shareholders' funds
56,432
50,092
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 28 July 2024 and were signed on its behalf by
Rupal Kanan Shah
Director
Company Registration No. 12094509
KSK Retail Ltd
Notes to the Accounts
for the year ended 31 July 2023
KSK Retail Ltd is a private company, limited by shares, registered in England and Wales, registration number 12094509. The registered office is 178-180 SHIRLEY ROAD, SOUTHAMPTON, SO15 3FN, 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.
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
KSK Retail Ltd
Notes to the Accounts
for the year ended 31 July 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2022
136,700
15,450
152,150
At 31 July 2023
146,400
15,450
161,850
At 1 August 2022
53,587
9,270
62,857
Charge for the year
29,280
3,090
32,370
At 31 July 2023
82,867
12,360
95,227
At 31 July 2023
63,533
3,090
66,623
At 31 July 2022
83,113
6,180
89,293
Amounts falling due within one year
Other debtors
33,398
81,500
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,000
5,000
Taxes and social security
11,234
7,057
KSK Retail Ltd
Notes to the Accounts
for the year ended 31 July 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
71,700
153,200
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).