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
KSP Electrical Services Ltd
Company Information
for the year ended 31 October 2023
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
KSP Electrical Services Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
3,236
4,826
Cash at bank and in hand
2,377
2,185
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
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
KSP Electrical Services Ltd
Notes to the Accounts
for the year ended 31 October 2023
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.
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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.
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 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.
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Tangible fixed assets
Total
KSP Electrical Services Ltd
Notes to the Accounts
for the year ended 31 October 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
5,020
13,874
2,216
16,678
5,020
13,874
2,216
16,678
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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.
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Average number of employees
During the year the average number of employees was 1 (2022: 1).