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REGISTERED NUMBER: 13183390 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 29 February 2024

for

Kls Security & Electrical Ltd

Kls Security & Electrical Ltd (Registered number: 13183390)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Kls Security & Electrical Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: L A P Doherty
K O Morgan





SECRETARY:





REGISTERED OFFICE: Riverside
Barlings Lane
Langworth
Lincoln
LN3 5DF





REGISTERED NUMBER: 13183390 (England and Wales)





ACCOUNTANTS: G & R Millett T/as G M Agencies
Orchard Cottage
Old Apley
Market Rasen
Lincolnshire
LN8 5JQ

Kls Security & Electrical Ltd (Registered number: 13183390)

Report of the Directors
for the Year Ended 29 February 2024

The directors present their report with the financial statements of the company for the year ended 29 February 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Security and electrical installations

DIRECTORS
The directors shown below have held office during the whole of the period from 1 March 2023 to the date of this report.

L A P Doherty
K O Morgan

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





K O Morgan - Director


27 November 2024

Kls Security & Electrical Ltd (Registered number: 13183390)

Income Statement
for the Year Ended 29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   

TURNOVER 134,535 112,462

Cost of sales 84,712 49,110
GROSS PROFIT 49,823 63,352

Distribution costs 11,963 11,243
Administrative expenses 36,221 43,401
48,184 54,644
OPERATING PROFIT 4 1,639 8,708


Interest payable and similar expenses 759 371
PROFIT BEFORE TAXATION 880 8,337

Tax on profit - -
PROFIT FOR THE FINANCIAL YEAR 880 8,337

Kls Security & Electrical Ltd (Registered number: 13183390)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 71,423 40,740

CURRENT ASSETS
Stocks 5,850 4,700
Debtors 6 42,531 9,431
Cash at bank and in hand 9,996 12,926
58,377 27,057
CREDITORS
Amounts falling due within one year 7 54,618 17,518
NET CURRENT ASSETS 3,759 9,539
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,182

50,279

CREDITORS
Amounts falling due after more than one
year

8

65,030

41,007
NET ASSETS 10,152 9,272

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 10,150 9,270
SHAREHOLDERS' FUNDS 10,152 9,272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Kls Security & Electrical Ltd (Registered number: 13183390)

Balance Sheet - continued
29 February 2024


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

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





K O Morgan - Director


Kls Security & Electrical Ltd (Registered number: 13183390)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Kls Security & Electrical Ltd 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Kls Security & Electrical Ltd (Registered number: 13183390)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS
29.2.24 28.2.23
£    £   
Wages and salaries 18,330 35,375
Other pension costs 274 198
18,604 35,573

The average number of employees during the year was as follows:
29.2.24 28.2.23

Average number of employees 2 2

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

29.2.24 28.2.23
£    £   
Depreciation - owned assets (3,933 ) 5,934

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2023 2,476 5,078 3,952
Additions - 399 -
At 29 February 2024 2,476 5,477 3,952
DEPRECIATION
At 1 March 2023 - 571 844
Charge for year - 490 466
At 29 February 2024 - 1,061 1,310
NET BOOK VALUE
At 29 February 2024 2,476 4,416 2,642
At 28 February 2023 2,476 4,507 3,108

Kls Security & Electrical Ltd (Registered number: 13183390)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 32,231 4,948 48,685
Additions 26,351 - 26,750
At 29 February 2024 58,582 4,948 75,435
DEPRECIATION
At 1 March 2023 5,473 1,057 7,945
Charge for year (5,473 ) 584 (3,933 )
At 29 February 2024 - 1,641 4,012
NET BOOK VALUE
At 29 February 2024 58,582 3,307 71,423
At 28 February 2023 26,758 3,891 40,740

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 23,646 8,428
Prepayments 7,440 -
Amounts recoverable on contract 2,534 1,003
VAT 8,911 -
42,531 9,431

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 24,187 3,312
Social security and other taxes - 2,116
Pensions 160 136
VAT - 1,461
Directors' current accounts 7,219 7,219
Directors' loan accounts 20,412 754
Accrued expenses 2,640 2,520
54,618 17,518

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Business Interruption loan 18,711 21,482
HP liabilities 46,319 19,525
65,030 41,007