Registered number
13376044
KDS Automotive Ltd
Unaudited Filleted Accounts
31 March 2024
KDS Automotive Ltd
Registered number: 13376044
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 850 853
Current assets
Stocks 25,998 72,462
Debtors 4 5,495 4,864
Cash at bank and in hand 40,282 25,950
71,775 103,276
Creditors: amounts falling due within one year 5 (72,175) (109,532)
Net current liabilities (400) (6,256)
Net assets/(liabilities) 450 (5,403)
Capital and reserves
Called up share capital 1 1
Profit and loss account 449 (5,404)
Shareholder's funds 450 (5,403)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K D Sansum
Director
Approved by the board on 14 June 2024
KDS Automotive Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 1,562
Additions 280
At 31 March 2024 1,842
Depreciation
At 1 April 2023 709
Charge for the year 283
At 31 March 2024 992
Net book value
At 31 March 2024 850
At 31 March 2023 853
4 Debtors 2024 2023
£ £
Trade debtors 5,495 4,864
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 13,658 43,500
Accruals 4,000 2,000
Taxation and social security costs 7,623 2,286
Director's Current Account 45,294 51,317
Deferred income - 8,829
Other creditors 1,600 1,600
72,175 109,532
6 Other information
KDS Automotive Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 Gentlemens Field
Westmill Road
Ware
Hertfordshire
SG12 0EF
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