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REGISTERED NUMBER: 03329652 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

THE KS AGENCY LIMITED

THE KS AGENCY LIMITED (REGISTERED NUMBER: 03329652)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE KS AGENCY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: R Cook
G Mallia





SECRETARY: R Cook





REGISTERED OFFICE: 1st Floor Office Pentagon House
Wealden Ind Est
Farningham Road
Crowborough
East Sussex
TN6 2JR





REGISTERED NUMBER: 03329652 (England and Wales)





ACCOUNTANTS: Numis Limited
1st Floor Pentagon House
Wealden Ind Estate
Farningham Road
Crowborough
East Sussex
TN6 2JR

THE KS AGENCY LIMITED (REGISTERED NUMBER: 03329652)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,047 1,396

CURRENT ASSETS
Debtors 5 791 13,568
Cash at bank 1,409 19,404
2,200 32,972
CREDITORS
Amounts falling due within one year 6 2,150 16,002
NET CURRENT ASSETS 50 16,970
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,097

18,366

PROVISIONS FOR LIABILITIES 7 187 250
NET ASSETS 910 18,116

CAPITAL AND RESERVES
Called up share capital 8 140 140
Retained earnings 770 17,976
SHAREHOLDERS' FUNDS 910 18,116

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

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

THE KS AGENCY LIMITED (REGISTERED NUMBER: 03329652)

BALANCE SHEET - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





G Mallia - Director


THE KS AGENCY LIMITED (REGISTERED NUMBER: 03329652)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

The KS Agency Limited 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.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

THE KS AGENCY LIMITED (REGISTERED NUMBER: 03329652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2023
and 31 July 2024 12,433
DEPRECIATION
At 1 August 2023 11,037
Charge for year 349
At 31 July 2024 11,386
NET BOOK VALUE
At 31 July 2024 1,047
At 31 July 2023 1,396

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 4 12,015
Other debtors 787 1,553
791 13,568

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Taxation and social security 222 11,859
Other creditors 1,928 4,143
2,150 16,002

7. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax
Accelerated capital allowances 187 250

Deferred
tax
£   
Balance at 1 August 2023 250
Accelerated Capital Allowances (63 )
Balance at 31 July 2024 187

THE KS AGENCY LIMITED (REGISTERED NUMBER: 03329652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
140 Ordinary £1 140 140

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
G Mallia
Balance outstanding at start of year - -
Amounts advanced - (1,000 )
Amounts repaid - 1,000
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £17,880 (2023 - £27,800) were paid to the directors .

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G Mallia.