Registered number
06438510
KV Cooling Services Limited
Filleted Accounts
30 November 2023
KV Cooling Services Limited
Registered number: 06438510
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 67,169 83,961
Investments 4 997,500 997,500
1,064,669 1,081,461
Current assets
Debtors 5 2,387,492 1,746,968
Cash at bank and in hand 166,730 229,349
2,554,222 1,976,317
Creditors: amounts falling due within one year 6 (293,090) (214,778)
Net current assets 2,261,132 1,761,539
Total assets less current liabilities 3,325,801 2,843,000
Creditors: amounts falling due after more than one year 7 (24,585) (34,568)
Net assets 3,301,216 2,808,432
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,301,116 2,808,332
Shareholder's funds 3,301,216 2,808,432
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.
Mr Kishor Vaghela
Director
Approved by the board on 30 November 2024
KV Cooling Services Limited
Notes to the Accounts
for the year ended 30 November 2023
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).
Turnover
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 the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
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
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 208,240
At 30 November 2023 208,240
Depreciation
At 1 December 2022 124,279
Charge for the year 16,792
At 30 November 2023 141,071
Net book value
At 30 November 2023 67,169
At 30 November 2022 83,961
4 Investments
Other
investments
£
Cost
At 1 December 2022 997,500
At 30 November 2023 997,500
5 Debtors 2023 2022
£ £
Trade debtors 756,479 876,955
Amounts owed by group undertakings 1,631,013 870,013
2,387,492 1,746,968
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 47,268 45,983
Taxation and social security costs 243,278 163,330
Other creditors 2,544 5,465
293,090 214,778
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 24,585 34,568
8 Other information
KV Cooling Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
15 Berry Hill
Stanmore
Middlesex
United Kingdom
HA7 4NY
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