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Company Registration No. 10524402 (England and Wales)
K S Sehgal Services Limited Unaudited accounts for the year ended 31 December 2023
K S Sehgal Services Limited Unaudited accounts Contents
Page
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K S Sehgal Services Limited Company Information for the year ended 31 December 2023
Directors
Kiran Kumar Sehgal Michelle Sehgal
Company Number
10524402 (England and Wales)
Registered Office
6 GLENHEADON RISE LEATHERHEAD SURREY KT22 8QT ENGLAND
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K S Sehgal Services Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,300 
20,010 
Investment property
130,698 
233,903 
140,998 
253,913 
Current assets
Debtors
3,349 
3,305 
Cash at bank and in hand
100,894 
17,161 
104,243 
20,466 
Creditors: amounts falling due within one year
(233,781)
(250,712)
Net current liabilities
(129,538)
(230,246)
Total assets less current liabilities
11,460 
23,667 
Creditors: amounts falling due after more than one year
(11,547)
- 
Net (liabilities)/assets
(87)
23,667 
Capital and reserves
Revaluation reserve
(41,354)
6,648 
Profit and loss account
41,267 
17,019 
Shareholders' funds
(87)
23,667 
For the year ending 31 December 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by
Kiran Kumar Sehgal Director Company Registration No. 10524402
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K S Sehgal Services Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
K S Sehgal Services Limited is a private company, limited by shares, registered in England and Wales, registration number 10524402. The registered office is 6 GLENHEADON RISE, LEATHERHEAD, SURREY, KT22 8QT, ENGLAND.
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
25% SLM
Motor vehicles
25% SLM
Computer equipment
33.33% SLM
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K S Sehgal Services Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
514 
31,881 
6,921 
39,316 
At 31 December 2023
514 
31,881 
6,921 
39,316 
Depreciation
At 1 January 2023
258 
15,940 
3,108 
19,306 
Charge for the year
128 
7,970 
1,612 
9,710 
At 31 December 2023
386 
23,910 
4,720 
29,016 
Net book value
At 31 December 2023
128 
7,971 
2,201 
10,300 
At 31 December 2022
256 
15,941 
3,813 
20,010 
5
Investment property
2023 
£ 
Fair value at 1 January 2023
233,903 
Additions
22,275 
Disposals
(46,327)
Net loss from fair value adjustments
(79,153)
At 31 December 2023
130,698 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,157 
2,157 
Accrued income and prepayments
1,192 
1,148 
3,349 
3,305 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,599 
6,351 
Obligations under finance leases and hire purchase contracts
7,282 
20,963 
Taxes and social security
7,061 
4,637 
Loans from directors
217,839 
218,761 
233,781 
250,712 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
3,331 
- 
Obligations under finance leases and hire purchase contracts
8,216 
- 
11,547 
- 
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K S Sehgal Services Limited Notes to the Accounts for the year ended 31 December 2023
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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