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REGISTERED NUMBER: 08378438 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

KSG (UK) LTD

KSG (UK) LTD (REGISTERED NUMBER: 08378438)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


KSG (UK) LTD (REGISTERED NUMBER: 08378438)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 224,166 57,459

CURRENT ASSETS
Stocks 1,189,785 881,087
Debtors 5 718,689 547,758
Cash at bank and in hand 11,289 5,829
1,919,763 1,434,674
CREDITORS
Amounts falling due within one year 6 1,277,963 727,225
NET CURRENT ASSETS 641,800 707,449
TOTAL ASSETS LESS CURRENT
LIABILITIES

865,966

764,908

CREDITORS
Amounts falling due after more than one year 7 (130,771 ) (31,506 )

PROVISIONS FOR LIABILITIES (56,042 ) (5,270 )
NET ASSETS 679,153 728,132

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 629,153 678,132
SHAREHOLDERS' FUNDS 679,153 728,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

KSG (UK) LTD (REGISTERED NUMBER: 08378438)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





Janaki Byravan - Director


KSG (UK) LTD (REGISTERED NUMBER: 08378438)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

KSG (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08378438

Registered office: Unit 2 C2 Willow Drive
Sherwood Park
Annesley
Nottinghamshire
NG15 0DP

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.

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.

KSG (UK) LTD (REGISTERED NUMBER: 08378438)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 8 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 151,959
Additions 207,626
At 31 March 2024 359,585
DEPRECIATION
At 1 April 2023 94,500
Charge for year 40,919
At 31 March 2024 135,419
NET BOOK VALUE
At 31 March 2024 224,166
At 31 March 2023 57,459

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 553,659 476,442
Other debtors 157,885 64,171
711,544 540,613

Amounts falling due after more than one year:
Amounts owed by group undertakings 7,145 7,145

Aggregate amounts 718,689 547,758

KSG (UK) LTD (REGISTERED NUMBER: 08378438)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 395,129 279,490
Trade creditors 826,372 399,902
Taxation and social security 51,106 42,477
Other creditors 5,356 5,356
1,277,963 727,225

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 21,379 31,506
Other creditors 109,392 -
130,771 31,506

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Janaki Byravan and Hanumantha Rao Sidda
Balance outstanding at start of year (5,356 ) (5,356 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,356 ) (5,356 )

9. RELATED PARTY DISCLOSURES

Current Assets of £7,145 (£7,145 in 2023) owed to group undertakings is due to Krishnasai Granites (India) Private Ltd which is a related party transaction and there are no terms attached to this amount.