2023-03-012024-02-292024-02-29false05166030K S DEVELOPMENT LTD2024-10-23iso4217:GBPxbrli:pure051660302023-03-01051660302024-02-29051660302023-03-012024-02-29051660302022-03-01051660302023-02-28051660302022-03-012023-02-2805166030bus:SmallEntities2023-03-012024-02-2905166030bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2905166030bus:FullAccounts2023-03-012024-02-2905166030bus:PrivateLimitedCompanyLtd2023-03-012024-02-2905166030core:WithinOneYear2024-02-2905166030core:AfterOneYear2024-02-2905166030core:WithinOneYear2023-02-2805166030core:AfterOneYear2023-02-2805166030core:ShareCapital2024-02-2905166030core:SharePremium2024-02-2905166030core:RevaluationReserve2024-02-2905166030core:OtherReservesSubtotal2024-02-2905166030core:RetainedEarningsAccumulatedLosses2024-02-2905166030core:ShareCapital2023-02-2805166030core:SharePremium2023-02-2805166030core:RevaluationReserve2023-02-2805166030core:OtherReservesSubtotal2023-02-2805166030core:RetainedEarningsAccumulatedLosses2023-02-2805166030core:LandBuildings2024-02-2905166030core:PlantMachinery2024-02-2905166030core:Vehicles2024-02-2905166030core:FurnitureFittings2024-02-2905166030core:OfficeEquipment2024-02-2905166030core:NetGoodwill2024-02-2905166030core:IntangibleAssetsOtherThanGoodwill2024-02-2905166030core:ListedExchangeTraded2024-02-2905166030core:UnlistedNon-exchangeTraded2024-02-2905166030core:LandBuildings2023-02-2805166030core:PlantMachinery2023-02-2805166030core:Vehicles2023-02-2805166030core:FurnitureFittings2023-02-2805166030core:OfficeEquipment2023-02-2805166030core:NetGoodwill2023-02-2805166030core:IntangibleAssetsOtherThanGoodwill2023-02-2805166030core:ListedExchangeTraded2023-02-2805166030core:UnlistedNon-exchangeTraded2023-02-2805166030core:LandBuildings2023-03-012024-02-2905166030core:PlantMachinery2023-03-012024-02-2905166030core:Vehicles2023-03-012024-02-2905166030core:FurnitureFittings2023-03-012024-02-2905166030core:OfficeEquipment2023-03-012024-02-2905166030core:NetGoodwill2023-03-012024-02-2905166030core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2905166030core:ListedExchangeTraded2023-03-012024-02-2905166030core:UnlistedNon-exchangeTraded2023-03-012024-02-2905166030core:MoreThanFiveYears2023-03-012024-02-2905166030core:Non-currentFinancialInstruments2024-02-2905166030core:Non-currentFinancialInstruments2023-02-2805166030dpl:CostSales2023-03-012024-02-2905166030dpl:DistributionCosts2023-03-012024-02-2905166030core:LandBuildings2023-03-012024-02-2905166030core:PlantMachinery2023-03-012024-02-2905166030core:Vehicles2023-03-012024-02-2905166030core:FurnitureFittings2023-03-012024-02-2905166030core:OfficeEquipment2023-03-012024-02-2905166030dpl:AdministrativeExpenses2023-03-012024-02-2905166030core:NetGoodwill2023-03-012024-02-2905166030core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2905166030dpl:GroupUndertakings2023-03-012024-02-2905166030dpl:ParticipatingInterests2023-03-012024-02-2905166030dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2905166030core:ListedExchangeTraded2023-03-012024-02-2905166030dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2905166030core:UnlistedNon-exchangeTraded2023-03-012024-02-2905166030dpl:CostSales2022-03-012023-02-2805166030dpl:DistributionCosts2022-03-012023-02-2805166030core:LandBuildings2022-03-012023-02-2805166030core:PlantMachinery2022-03-012023-02-2805166030core:Vehicles2022-03-012023-02-2805166030core:FurnitureFittings2022-03-012023-02-2805166030core:OfficeEquipment2022-03-012023-02-2805166030dpl:AdministrativeExpenses2022-03-012023-02-2805166030core:NetGoodwill2022-03-012023-02-2805166030core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2805166030dpl:GroupUndertakings2022-03-012023-02-2805166030dpl:ParticipatingInterests2022-03-012023-02-2805166030dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2805166030core:ListedExchangeTraded2022-03-012023-02-2805166030dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2805166030core:UnlistedNon-exchangeTraded2022-03-012023-02-2805166030core:NetGoodwill2024-02-2905166030core:IntangibleAssetsOtherThanGoodwill2024-02-2905166030core:LandBuildings2024-02-2905166030core:PlantMachinery2024-02-2905166030core:Vehicles2024-02-2905166030core:FurnitureFittings2024-02-2905166030core:OfficeEquipment2024-02-2905166030core:AfterOneYear2024-02-2905166030core:WithinOneYear2024-02-2905166030core:ListedExchangeTraded2024-02-2905166030core:UnlistedNon-exchangeTraded2024-02-2905166030core:ShareCapital2024-02-2905166030core:SharePremium2024-02-2905166030core:RevaluationReserve2024-02-2905166030core:OtherReservesSubtotal2024-02-2905166030core:RetainedEarningsAccumulatedLosses2024-02-2905166030core:NetGoodwill2023-02-2805166030core:IntangibleAssetsOtherThanGoodwill2023-02-2805166030core:LandBuildings2023-02-2805166030core:PlantMachinery2023-02-2805166030core:Vehicles2023-02-2805166030core:FurnitureFittings2023-02-2805166030core:OfficeEquipment2023-02-2805166030core:AfterOneYear2023-02-2805166030core:WithinOneYear2023-02-2805166030core:ListedExchange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K S DEVELOPMENT LTD

Registered Number
05166030
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

K S DEVELOPMENT LTD
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

HAQUE, Emdadul
HAQUE, Hemina

Registered Address

2nd Floor Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

05166030 (England and Wales)
K S DEVELOPMENT LTD
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3128,86544,908
128,86544,908
Current assets
Debtors4791,269659,705
Cash at bank and on hand9,1375,116
800,406664,821
Creditors amounts falling due within one year5(306,610)(201,538)
Net current assets (liabilities)493,796463,283
Total assets less current liabilities622,661508,191
Creditors amounts falling due after one year6(124,733)(22,565)
Provisions for liabilities8(26,359)-
Net assets471,569485,626
Capital and reserves
Called up share capital100100
Profit and loss account471,469485,526
Shareholders' funds471,569485,626
The financial statements were approved and authorised for issue by the Board of Directors on 23 October 2024, and are signed on its behalf by:
HAQUE, Emdadul
Director
HAQUE, Hemina
Director

Registered Company No. 05166030
K S DEVELOPMENT LTD
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rendering services of development agent and is recognised at teh point the services are rendered.
Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings5
Vehicles5
Office Equipment5
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the ontractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortized cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortized. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors, loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the resent value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortized. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortized cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year77
3.Tangible fixed assets

Vehicles

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 March 2331,98357,56826,611116,162
Additions99,1819504,287104,418
At 29 February 24131,16458,51830,898220,580
Depreciation and impairment
At 01 March 2320,78936,16514,30071,254
Charge for year11,3565,1883,91720,461
At 29 February 2432,14541,35318,21791,715
Net book value
At 29 February 2499,01917,16512,681128,865
At 28 February 2311,19421,40312,31144,908
Included in Vehicles are assets on hire purchase with a net book value of £94,222 (2023 : £Nil) and the depreciation charge for the year was £4,959 (2023 : £Nil).
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables53,35453,670
Other debtors730,323602,509
Prepayments and accrued income7,5923,526
Total791,269659,705
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,0003,334
Bank borrowings and overdrafts39,52720,129
Taxation and social security97,172145,134
Finance lease and HP contracts14,370-
Other creditors84,54132,941
Accrued liabilities and deferred income70,000-
Total306,610201,538
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts43,51522,565
Other creditors81,218-
Total124,73322,565
Included in the bank borrowings due within the year and more than one year is a Bounceback loan of £23,280 (2023 : £33,212) and Funding circle loan of £59,389 (2023 : £Nil).
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts81,218-
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)26,359-
Total26,359-
9.Operating lease commitments
At the reporting end date the company had a total outstanding commitments for rent payments under non-cancellable operating leases of £25,000 (2023 : £25,000) and hire purchase of £95,588 (2023 : £NIL).
10.Related party transactions
Included in other others is an amount of £324,384 (2023 : £82,236 debtor) due from the director and £2,000 (2023 : £Nil) due from The Total Store Ltd, £33,876 (2023 : £40,876) due from Tempting Subs Ltd, £105,674 (2023 : £103,674) from Haque Investments Ltd, £121,887 (2023 : £110,942) from Endeavour Property Development Ltd, £141,151 (2023 : £260,304) due from Broadstairs Trading Ltd, companies connected to the directors. Included in other creditors is an amount of £82,695 (2023 : £31,195) due to Eating Healthy Ltd, a company connected to the directors.
11.Further information regarding the company's financial position
The company's ultimate parent company is Kent Surrey Holdings Ltd, a company registered in England and Wales. It's registered office address is 2nd Floor, grove House, Lowlands Road, HArrow, HA1 3AW.