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
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
K S Sehgal Services Limited
Statement of financial position
as at 31 December 2023
Tangible assets
10,300
20,010
Investment property
130,698
233,903
Cash at bank and in hand
100,894
17,161
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
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
K S Sehgal Services Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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:
Computer equipment
33.33% SLM
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
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
At 31 December 2023
128
7,971
2,201
10,300
At 31 December 2022
256
15,941
3,813
20,010
Fair value at 1 January 2023
233,903
Net loss from fair value adjustments
(79,153)
At 31 December 2023
130,698
Amounts falling due within one year
Accrued income and prepayments
1,192
1,148
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
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
8,216
-
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).