Company Registration No. 06302338 (England and Wales)
KS SYPIEN LIMITED
Unaudited accounts
for the year ended 31 March 2024
KS SYPIEN LIMITED
Unaudited accounts
Contents
KS SYPIEN LIMITED
Company Information
for the year ended 31 March 2024
Directors
Slawomir Jerzy Sypien
Katarzyna Sypien
Company Number
06302338 (England and Wales)
Registered Office
UNIT 3 , MARVI HOUSE
LOWTHER ROAD
STANMORE
MIDDLESEXX
HA7 1EP
ENGLAND
Accountants
RAMESH SHARMA
DIVRICHA ACCOUNTANCY LIMITED
11 WEDMORE ROAD
GREENFORD
MIDDLESEX
UB6 8SB
KS SYPIEN LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
564,164
583,780
Debtors
4,585,923
3,743,408
Cash at bank and in hand
704,074
1,524,520
Creditors: amounts falling due within one year
(1,625,470)
(2,159,731)
Net current assets
3,664,527
3,108,197
Net assets
4,228,691
3,691,977
Called up share capital
10,000
10,000
Profit and loss account
4,218,691
3,681,977
Shareholders' funds
4,228,691
3,691,977
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 directors acknowledge their 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 of Directors and authorised for issue on 4 December 2024 and were signed on its behalf by
Slawomir Jerzy Sypien
Director
Company Registration No. 06302338
KS SYPIEN LIMITED
Notes to the Accounts
for the year ended 31 March 2024
KS SYPIEN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06302338. The registered office is UNIT 3 , MARVI HOUSE, LOWTHER ROAD, STANMORE, MIDDLESEXX, HA7 1EP, 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.
Tangible fixed assets and depreciation
Tangible fixed assets:
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:
Plant & Machinery 18% wdv
Fixtures, Fittings & Equipment 18% wdv
Motor vehicles 18% wdv
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceed and the carrying value of the asset, and is credited or charged to profit or loss.
Impairment of fixed assets:
At each reporting period end date, the company reviews the carrying amounts of tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any. Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the ash-generating unit to which the asset belongs.
AIA 100% claimed on the additions of Plant & Machinery for £39742 and Office Equipment for £10906;
KS SYPIEN LIMITED
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
378,823
284,401
71,270
734,494
Additions
39,742
-
10,906
50,648
Disposals
(51,528)
-
(31,203)
(82,731)
At 31 March 2024
367,037
284,401
50,973
702,411
At 1 April 2023
101,015
26,803
22,896
150,714
Charge for the year
8,335
2,344
386
11,065
On disposals
(5,198)
-
(18,334)
(23,532)
At 31 March 2024
104,152
29,147
4,948
138,247
At 31 March 2024
262,885
255,254
46,025
564,164
At 31 March 2023
277,808
257,598
48,374
583,780
Amounts falling due within one year
Trade debtors
1,341,708
812,796
Accrued income and prepayments
94,106
85,503
Other debtors
3,150,109
2,845,109
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,022,427
1,797,584
Taxes and social security
505,793
255,296
Accruals : CITB levy liabilities to be paid.
Taxes and social security includes the Corporation tax ;
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000
10,000
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Average number of employees
During the year the average number of employees was 11 (2023: 9).