Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity1111truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02585643 2023-01-01 2023-12-31 02585643 2023-12-31 02585643 2022-01-01 2022-12-31 02585643 2022-12-31 02585643 c:CompanySecretary1 2023-01-01 2023-12-31 02585643 c:Director1 2023-01-01 2023-12-31 02585643 c:Director2 2023-01-01 2023-12-31 02585643 c:RegisteredOffice 2023-01-01 2023-12-31 02585643 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 02585643 d:Buildings d:LongLeaseholdAssets 2023-12-31 02585643 d:Buildings d:LongLeaseholdAssets 2022-12-31 02585643 d:OfficeEquipment 2023-01-01 2023-12-31 02585643 d:OfficeEquipment 2023-12-31 02585643 d:OfficeEquipment 2022-12-31 02585643 d:PatentsTrademarksLicencesConcessionsSimilar 2023-01-01 2023-12-31 02585643 d:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 02585643 d:PatentsTrademarksLicencesConcessionsSimilar 2022-12-31 02585643 d:CurrentFinancialInstruments 2023-12-31 02585643 d:CurrentFinancialInstruments 2022-12-31 02585643 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02585643 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02585643 d:ShareCapital 2023-12-31 02585643 d:ShareCapital 2022-12-31 02585643 d:RetainedEarningsAccumulatedLosses 2023-12-31 02585643 d:RetainedEarningsAccumulatedLosses 2022-12-31 02585643 c:FRS102 2023-01-01 2023-12-31 02585643 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02585643 c:FullAccounts 2023-01-01 2023-12-31 02585643 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02585643 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number 02585643







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


KSM LIMITED






































img08ad.png                        

 


KSM LIMITED
 


 
COMPANY INFORMATION


Directors
T S Greenwood 
R J King 




Company secretary
T S Greenwood



Registered number
02585643



Registered office
Unit 37
Bookham Industrial Park

Church Road

Great Bookham

Surrey

KT23 3EU




Accountants
Menzies LLP
Chartered Accountants

1st Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


KSM LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6

 


KSM LIMITED
REGISTERED NUMBER:02585643



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
  
4,292
3,422

  
4,292
3,422

Current assets
  

Stocks
  
353,975
365,773

Debtors: amounts falling due within one year
 5 
79,363
113,373

Bank and cash balances
  
80,249
98,783

  
513,587
577,929

Creditors: amounts falling due within one year
 6 
(168,980)
(212,047)

Net current assets
  
 
 
344,607
 
 
365,882

Total assets less current liabilities
  
348,899
369,304

  

Net assets
  
348,899
369,304


Capital and reserves
  

Called up share capital 
  
1,500
1,500

Profit and loss account
  
347,399
367,804

  
348,899
369,304


Page 1

 


KSM LIMITED
REGISTERED NUMBER:02585643


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



................................................
R J King
Director

Date: 25 September 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


KSM LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


Statutory information

KSM Limited is a private company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered  in England and Wales. The address of its registered office and principal place of business is disclosed on the company information page. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is the total amount receivable by the company for goods supplied and services provided, excluding VAT and trade discounts.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the revaluation model, intangible assets shall be carried at a revalued amount, being its fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent impairment losses - provided that the fair value can be determined by reference to an active market.
Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting date.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

Tangible fixed assets

All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Long-term leasehold property
-
over term of lease
Office equipment
-
20% to 40% straight line

 
2.5

Stock

Stock has been valued at the lower of cost and estimated selling price less costs to sell.  In the case of raw materials and consumable stores, cost means purchase price calculated on a first in, first out basis. The costs to sell are  completion costs and all costs to be incurred in marketing, selling and distribution.

Page 3

 


KSM LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Operating lease agreements

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.7

Pensions

The pension charge is based upon contributions paid during the year.

 
2.8

Deferred taxation

Provision is made for deferred taxation on the liability method for all short-term timing differences.  Provision is also made for long-term timing differences, except to the extent that there is a reasonable probability of the tax not falling due for payment in the foreseeable future. Such tax not provided for is disclosed at a contingent liability.

 
2.9

Foreign currency translation

The company's functional and presentational currency is GBP.
Monetary assets and liabilities in foreign currencies are translated at the rate of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction.  All exchange differences are dealt with through the profit and loss account.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
 

Page 4

 


KSM LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Intangible assets




Crypto currencies

£



Cost


At 1 January 2023
3,422


Revaluation surplus
870



At 31 December 2023

4,292






Net book value



At 31 December 2023
4,292



At 31 December 2022
3,422




4.


Tangible fixed assets





Leasehold property
Equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
11,317
80,314
91,631



At 31 December 2023

11,317
80,314
91,631



Depreciation


At 1 January 2023
11,317
80,314
91,631



At 31 December 2023

11,317
80,314
91,631



Net book value



At 31 December 2023
-
-
-



At 31 December 2022
-
-
-

Page 5

 


KSM LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
70,269
109,393

Prepayments and accrued income
9,094
3,980

79,363
113,373



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
116,858
146,225

Corporation tax
25,291
25,437

Other taxation and social security
13,883
13,330

Other creditors
10,548
21,015

Accruals and deferred income
2,400
6,040

168,980
212,047


 
Page 6