IRIS Accounts Production v24.1.9.2 07028225 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070282252023-04-30070282252024-04-30070282252023-05-012024-04-30070282252022-04-30070282252022-05-012023-04-30070282252023-04-3007028225ns15:EnglandWales2023-05-012024-04-3007028225ns14:PoundSterling2023-05-012024-04-3007028225ns10:Director12023-05-012024-04-3007028225ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3007028225ns10:SmallEntities2023-05-012024-04-3007028225ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3007028225ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3007028225ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3007028225ns10:FullAccounts2023-05-012024-04-3007028225ns10:Director22023-05-012024-04-3007028225ns10:RegisteredOffice2023-05-012024-04-3007028225ns5:CurrentFinancialInstruments2024-04-3007028225ns5:CurrentFinancialInstruments2023-04-3007028225ns5:ShareCapital2024-04-3007028225ns5:ShareCapital2023-04-3007028225ns5:RetainedEarningsAccumulatedLosses2024-04-3007028225ns5:RetainedEarningsAccumulatedLosses2023-04-3007028225ns5:ComputerEquipment2023-05-012024-04-3007028225ns5:ComputerEquipment2023-04-3007028225ns5:ComputerEquipment2024-04-3007028225ns5:ComputerEquipment2023-04-3007028225ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3007028225ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3007028225ns10:Director222023-04-3007028225ns10:Director222022-04-3007028225ns10:Director222023-05-012024-04-3007028225ns10:Director222022-05-012023-04-3007028225ns10:Director222024-04-3007028225ns10:Director222023-04-30
REGISTERED NUMBER: 07028225 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 April 2024

for

KSFG LIMITED

KSFG LIMITED (REGISTERED NUMBER: 07028225)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KSFG LIMITED

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: A J Brooking
D A Gollop





REGISTERED OFFICE: 1, Fair Oak Court
Clyst Honiton
Exeter
Devon
EX5 2BB





REGISTERED NUMBER: 07028225 (England and Wales)





ACCOUNTANTS: Haines Watts
3 Southernhay West
Exeter
Devon
EX1 1JG

KSFG LIMITED (REGISTERED NUMBER: 07028225)

Balance Sheet
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,172 1,812

CURRENT ASSETS
Stocks 65,360 29,855
Debtors 5 269,497 591,222
Cash at bank 815,183 23,778
1,150,040 644,855
CREDITORS
Amounts falling due within one year 6 (420,200 ) (238,903 )
NET CURRENT ASSETS 729,840 405,952
TOTAL ASSETS LESS CURRENT
LIABILITIES

731,012

407,764

PROVISIONS FOR LIABILITIES (293 ) (345 )
NET ASSETS 730,719 407,419

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 729,719 406,419
SHAREHOLDERS' FUNDS 730,719 407,419

KSFG LIMITED (REGISTERED NUMBER: 07028225)

Balance Sheet - continued
30 APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by:





D A Gollop - Director


KSFG LIMITED (REGISTERED NUMBER: 07028225)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024


1. COMPANY INFORMATION

KSFG Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group or with the parent company.

Turnover
Turnover represents amounts chargeable in respect of the sale of goods to customers, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Stocks
Stock and work in progress are valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

KSFG LIMITED (REGISTERED NUMBER: 07028225)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2023
and 30 April 2024 11,337
DEPRECIATION
At 1 May 2023 9,525
Charge for year 640
At 30 April 2024 10,165
NET BOOK VALUE
At 30 April 2024 1,172
At 30 April 2023 1,812

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 251 8,050
Other debtors 269,246 583,172
269,497 591,222

KSFG LIMITED (REGISTERED NUMBER: 07028225)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,811 6,113
Taxation and social security 113,707 19,108
Other creditors 292,682 213,682
420,200 238,903

7. SECURED DEBTS

Barclays Bank PLC have fixed and floating charges registered against the company's assets.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
A J Brooking
Balance outstanding at start of year 9,999 (10,000 )
Amounts advanced - 30,000
Amounts repaid (10,000 ) (10,001 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1 ) 9,999

The loan is interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

Related entity

Included in other creditors (amounts falling due within one year) is a loan due to limited company in which Mr D Gollop is a director.

At the balance sheet date the outstanding loan balance amounted to £Nil (2023 £211,002).

The loan is interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is JFK Exeter Limited.