1 November 2022 false No description of principal activity Taxfiler 2024.5 SC679331business:PrivateLimitedCompanyLtd2022-11-012023-10-31 SC6793312022-10-31 SC6793312022-11-012023-10-31 SC679331business:AuditExemptWithAccountantsReport2022-11-012023-10-31 SC679331business:AbridgedAccounts2022-11-012023-10-31 SC6793312023-10-31 SC679331business:Director12022-11-012023-10-31 SC679331business:RegisteredOffice2022-11-012023-10-31 SC6793312022-10-31 SC679331core:WithinOneYear2023-10-31 SC679331core:WithinOneYear2022-10-31 SC679331core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 SC679331core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 SC679331core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 SC679331core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 SC679331core:PreviouslyStatedAmount2023-10-31 SC679331core:PreviouslyStatedAmount2022-10-31 SC679331business:SmallEntities2022-11-012023-10-31 SC679331countries:Scotland2022-11-012023-10-31 SC679331core:PlantMachinery2022-11-012023-10-31 SC679331core:MotorVehicles2022-11-012023-10-31 SC679331business:Director112022-11-012023-10-31 SC679331business:Director112022-10-31 SC679331business:Director112023-10-31 SC6793312021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. SC679331 (Scotland)
KSP Electrical Services Ltd Unaudited accounts for the year ended 31 October 2023
KSP Electrical Services Ltd Unaudited accounts Contents
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KSP Electrical Services Ltd Company Information for the year ended 31 October 2023
Director
Mr C Denholm
Company Number
SC679331 (Scotland)
Registered Office
50 Caledonian Crescent Prestonpans East Lothian EH32 9GF
Accountants
GF Accountancy Services Ltd 4 Rowanhill Way Port Seton East Lothian EH32 0SZ
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KSP Electrical Services Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,236 
4,826 
Current assets
Inventories
200 
200 
Debtors
23,431 
12,110 
Cash at bank and in hand
2,377 
2,185 
26,008 
14,495 
Creditors: amounts falling due within one year
(28,329)
(18,144)
Net current liabilities
(2,321)
(3,649)
Total assets less current liabilities
915 
1,177 
Provisions for liabilities
Deferred tax
(302)
(917)
Net assets
613 
260 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
513 
160 
Shareholders' funds
613 
260 
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 30 August 2024 and were signed on its behalf by
Mr C Denholm Director Company Registration No. SC679331
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KSP Electrical Services Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
KSP Electrical Services Ltd is a private company, limited by shares, registered in Scotland, registration number SC679331. The registered office is 50 Caledonian Crescent, Prestonpans, East Lothian , EH32 9GF.
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
20% Staight Line
Motor vehicles
20% Straight Line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 November 2022
7,955 
At 31 October 2023
7,955 
Depreciation
At 1 November 2022
3,129 
Charge for the year
1,590 
At 31 October 2023
4,719 
Net book value
At 31 October 2023
3,236 
At 31 October 2022
4,826 
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KSP Electrical Services Ltd Notes to the Accounts for the year ended 31 October 2023
5
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr C Denholm
Directors Loan
5,020 
13,874 
2,216 
16,678 
5,020 
13,874 
2,216 
16,678 
6
Transactions with related parties
The company was under the control of Mr C Denholm throughout the current and previous period. Mr C Denholm is the managing director and sole shareholder. At the start of the year the Mr C Denholm owed the company an amount of £5,020. During the year Mr C Denholm advanced various monies to the company and various monies were paid to him. At the balance sheet date Mr C Denholm owed the company an amount of £16,678 and this amount is included in debtors due within one year. There is no fixed date for repayment.
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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