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REGISTERED NUMBER: 07062235 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

KCS Doors Limited

KCS Doors Limited (Registered number: 07062235)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KCS Doors Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: C D Patrick





SECRETARY:





REGISTERED OFFICE: 1 North Street
Wigston
Leicester
LE18 1PS





REGISTERED NUMBER: 07062235 (England and Wales)





ACCOUNTANTS: SJS Accountancy Services
1 North Street
Wigston
Leicester
LE18 1PS

KCS Doors Limited (Registered number: 07062235)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 523,158 535,588

CURRENT ASSETS
Stocks 3,000 5,000
Debtors 5 665,942 645,547
Cash at bank 8,258 21,647
677,200 672,194
CREDITORS
Amounts falling due within one year 6 178,086 165,385
NET CURRENT ASSETS 499,114 506,809
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,022,272

1,042,397

CREDITORS
Amounts falling due after more than one
year

7

377,681

398,859
NET ASSETS 644,591 643,538

CAPITAL AND RESERVES
Called up share capital 20 20
Revaluation reserve 8 134,656 134,656
Retained earnings 509,915 508,862
SHAREHOLDERS' FUNDS 644,591 643,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KCS Doors Limited (Registered number: 07062235)

Balance Sheet - continued
31 October 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 August 2024 and were signed by:





C D Patrick - Director


KCS Doors Limited (Registered number: 07062235)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

KCS Doors 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

KCS Doors Limited (Registered number: 07062235)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 613,244 72,310 685,554
Additions - 7,041 7,041
Disposals - (8,250 ) (8,250 )
At 31 October 2023 613,244 71,101 684,345
DEPRECIATION
At 1 November 2022 99,564 50,402 149,966
Charge for year 12,264 6,160 18,424
Eliminated on disposal - (7,203 ) (7,203 )
At 31 October 2023 111,828 49,359 161,187
NET BOOK VALUE
At 31 October 2023 501,416 21,742 523,158
At 31 October 2022 513,680 21,908 535,588

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 318,041 39,799
Other debtors 347,901 605,748
665,942 645,547

Other debtors amounting to £347,901 (2022 - £605,748) is represented by prepayments of £2,441 (2022 - £3,210), an overdrawn director's current account of £14,560 (2022 - £111,638) and intercompany loan balances with companies in which Mr C D Patrick is a director and shareholder of amounting to £330,900 (2022 - £490,900).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 25,623 23,333
Trade creditors 36,817 19,125
Taxation and social security 30,958 44,060
Other creditors 84,688 78,867
178,086 165,385

Included within other creditors is a balance of £80,000 (2022 - £70,000) in respect of intercompany loan balances with companies in which Mr C D Patrick is a director and shareholder.

KCS Doors Limited (Registered number: 07062235)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 377,681 398,859

Amounts falling due in more than five years:

Repayable by instalments
Mortgage more 5 yr by instal 274,245 305,526

8. RESERVES
Revaluation
reserve
£   
At 1 November 2022
and 31 October 2023 134,656