Company Registration No. 11240853 (England and Wales)
Ks Smart Repairs (nw) Ltd
Unaudited accounts
for the year ended 31 March 2024
Ks Smart Repairs (nw) Ltd
Unaudited accounts
Contents
Ks Smart Repairs (nw) Ltd
Company Information
for the year ended 31 March 2024
Director
Kyle Tobias Stewart
Company Number
11240853 (England and Wales)
Registered Office
39 Henley Avenue
Cheadle Hulme
Cheadle
SK8 6DE
England
Ks Smart Repairs (nw) Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
24,889
33,185
Cash at bank and in hand
148,020
98,974
Creditors: amounts falling due within one year
(33,668)
(46,453)
Net current assets
114,452
52,621
Called up share capital
102
102
Profit and loss account
139,239
85,704
Shareholders' funds
139,341
85,806
For the year ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 9 October 2024 and were signed on its behalf by
Kyle Tobias Stewart
Director
Company Registration No. 11240853
Ks Smart Repairs (nw) Ltd
Notes to the Accounts
for the year ended 31 March 2024
Ks Smart Repairs (nw) Ltd is a private company, limited by shares, registered in England and Wales, registration number 11240853. The registered office is 39 Henley Avenue, Cheadle Hulme, Cheadle, SK8 6DE, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
25% Reducing Balance Method
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2023
14,842
29,125
43,967
At 31 March 2024
14,842
29,125
43,967
At 1 April 2023
3,470
7,312
10,782
Charge for the year
2,843
5,453
8,296
At 31 March 2024
6,313
12,765
19,078
At 31 March 2024
8,529
16,360
24,889
At 31 March 2023
11,372
21,813
33,185
Ks Smart Repairs (nw) Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
16,065
21,556
Taxes and social security
17,191
24,246
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Average number of employees
During the year the average number of employees was 2 (2023: 2).