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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
Page
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KSK Retail Ltd Company Information for the year ended 31 July 2023
Director
Rupal Kanan Shah
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
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KSK Retail Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
24,000 
28,000 
Tangible assets
66,623 
89,293 
90,623 
117,293 
Current assets
Inventories
48,500 
51,450 
Debtors
35,754 
82,888 
Cash at bank and in hand
2,508 
1,828 
86,762 
136,166 
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)
Net assets
56,432 
50,092 
Capital and reserves
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
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KSK Retail Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
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.
Inventories
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:
Plant & machinery
20%
Fixtures & fittings
20%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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KSK Retail Ltd Notes to the Accounts for the year ended 31 July 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2022
40,000 
At 31 July 2023
40,000 
Amortisation
At 1 August 2022
12,000 
Charge for the year
4,000 
At 31 July 2023
16,000 
Net book value
At 31 July 2023
24,000 
At 31 July 2022
28,000 
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 
Additions
9,700 
- 
9,700 
At 31 July 2023
146,400 
15,450 
161,850 
Depreciation
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 
Net book value
At 31 July 2023
63,533 
3,090 
66,623 
At 31 July 2022
83,113 
6,180 
89,293 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,356 
1,388 
Other debtors
33,398 
81,500 
35,754 
82,888 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,000 
5,000 
VAT
627 
997 
Taxes and social security
11,234 
7,057 
Accruals
5,026 
2,513 
21,887 
15,567 
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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 
£ 
£ 
Bank loans
27,366 
34,600 
Other creditors
71,700 
153,200 
99,066 
187,800 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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