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REGISTERED NUMBER: 07022336 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

KSR Storage & Logistics Ltd

KSR Storage & Logistics Ltd (Registered number: 07022336)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KSR Storage & Logistics Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: K Young





REGISTERED OFFICE: Units 11&12 Station Yard
Wilbraham Road
Fulbourn
Cambridge
Cambridgeshire
CB21 5ET





REGISTERED NUMBER: 07022336 (England and Wales)





ACCOUNTANTS: HHG Business Services Limited
Field House
6b King Street
Nether Broughton
Melton Mowbray
Leicestershire
LE14 3HA

KSR Storage & Logistics Ltd (Registered number: 07022336)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,986 43,932

CURRENT ASSETS
Debtors 5 241,757 165,281
Prepayments and accrued income 3,306 -
Cash at bank 17,189 49,760
262,252 215,041
CREDITORS
Amounts falling due within one year 6 161,919 183,530
NET CURRENT ASSETS 100,333 31,511
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,319

75,443

CREDITORS
Amounts falling due after more than one
year

7

(29,789

)

(45,246

)

PROVISIONS FOR LIABILITIES - (289 )
NET ASSETS 94,530 29,908

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 94,529 29,907
SHAREHOLDERS' FUNDS 94,530 29,908

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

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

KSR Storage & Logistics Ltd (Registered number: 07022336)

Balance Sheet - continued
31 December 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 25 September 2024 and were signed by:





K Young - Director


KSR Storage & Logistics Ltd (Registered number: 07022336)

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

1. STATUTORY INFORMATION

KSR Storage & Logistics Ltd 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.
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

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 3 (2022 - 3 ) .

KSR Storage & Logistics Ltd (Registered number: 07022336)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 86,562
DEPRECIATION
At 1 January 2023 42,630
Charge for year 19,946
At 31 December 2023 62,576
NET BOOK VALUE
At 31 December 2023 23,986
At 31 December 2022 43,932

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 75,302 51,215
Other debtors 166,455 114,066
241,757 165,281

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 8,552 8,552
Hire purchase contracts 6,485 6,485
Trade creditors 28,679 5,521
Taxation and social security 115,505 129,222
Other creditors 2,698 33,750
161,919 183,530

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 13,363 21,752
Hire purchase contracts 16,426 23,494
29,789 45,246

KSR Storage & Logistics Ltd (Registered number: 07022336)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
K Young
Balance outstanding at start of year 90,925 18,583
Amounts advanced 91,178 122,342
Amounts repaid (50,000 ) (50,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 132,103 90,925

9. RELATED PARTY DISCLOSURES

The company has a short term rental agreement for the rental of vehicles and equipment from Keshrel Limited, a company in which the director of KSR Storage and Logistics Limited is also a director. During the period a rental amount of £500 (£500) was charged to the company.

The company has received an interest free loan during the year from Paper Cups Online Limited, a company in which the director of KSR Storage and Logistics Limited is also a director.The loan outstanding at the 31 December 2023 was £10,000

10. ULTIMATE CONTROLLING PARTY

The controlling party is K Young.