2 01/04/2023 31/03/2024 2024-03-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-04-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 11907826 2023-04-01 2024-03-31 11907826 2024-03-31 11907826 2023-03-31 11907826 2022-04-01 2023-03-31 11907826 2023-03-31 11907826 2022-03-31 11907826 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 11907826 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 11907826 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 11907826 bus:OrdinaryShareClass3 2023-04-01 2024-03-31 11907826 bus:OrdinaryShareClass4 2023-04-01 2024-03-31 11907826 bus:Director1 2023-04-01 2024-03-31 11907826 core:FurnitureFittingsToolsEquipment 2023-03-31 11907826 core:FurnitureFittingsToolsEquipment 2024-03-31 11907826 core:WithinOneYear 2024-03-31 11907826 core:WithinOneYear 2023-03-31 11907826 core:ShareCapital 2024-03-31 11907826 core:ShareCapital 2023-03-31 11907826 core:RetainedEarningsAccumulatedLosses 2024-03-31 11907826 core:RetainedEarningsAccumulatedLosses 2023-03-31 11907826 bus:OrdinaryShareClass1 core:ShareCapital 2024-03-31 11907826 bus:OrdinaryShareClass1 core:ShareCapital 2023-03-31 11907826 bus:OrdinaryShareClass2 core:ShareCapital 2024-03-31 11907826 bus:OrdinaryShareClass2 core:ShareCapital 2023-03-31 11907826 bus:OrdinaryShareClass3 core:ShareCapital 2024-03-31 11907826 bus:OrdinaryShareClass3 core:ShareCapital 2023-03-31 11907826 bus:OrdinaryShareClass4 core:ShareCapital 2024-03-31 11907826 bus:OrdinaryShareClass4 core:ShareCapital 2023-03-31 11907826 core:FurnitureFittingsToolsEquipment 2023-03-31 11907826 bus:Director1 2023-03-31 11907826 bus:Director1 2024-03-31 11907826 bus:SmallEntities 2023-04-01 2024-03-31 11907826 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11907826 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11907826 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11907826 bus:FullAccounts 2023-04-01 2024-03-31
Company registration number: 11907826
Kuber Services Limited
Unaudited filleted financial statements
31 March 2024
Kuber Services Limited
Contents
Balance sheet
Notes to the financial statements
Kuber Services Limited
Balance sheet
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 6,718 1,198
_________ _________
6,718 1,198
Current assets
Debtors 6 665,119 358,350
Cash at bank and in hand 572,028 626,216
_________ _________
1,237,147 984,566
Creditors: amounts falling due
within one year 7 ( 96,030) ( 101,174)
_________ _________
Net current assets 1,141,117 883,392
_________ _________
Total assets less current liabilities 1,147,835 884,590
_________ _________
Net assets 1,147,835 884,590
_________ _________
Capital and reserves
Called up share capital 8 202 202
Profit and loss account 1,147,633 884,388
_________ _________
Shareholders funds 1,147,835 884,590
_________ _________
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 20 December 2024 , and are signed on behalf of the board by:
..............................................
Dr V. Goel
Director
Company registration number: 11907826
Kuber Services Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in the United Kingdom. The address of the registered office is Clifton House, Four Elms Road, Cardiff, CF24 1LE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. 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. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference. However, no provision has been made in these financial statements, as in the director's opinion the amount involved is immaterial.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. All of the financial instruments applying to the company are basic as defied in the Accounting Standard, and as such are initially recognised at the transaction price. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 April 2023 2,554 2,554
Additions 6,634 6,634
_________ _________
At 31 March 2024 9,188 9,188
_________ _________
Depreciation
At 1 April 2023 1,356 1,356
Charge for the year 1,114 1,114
_________ _________
At 31 March 2024 2,470 2,470
_________ _________
Carrying amount
At 31 March 2024 6,718 6,718
_________ _________
At 31 March 2023 1,198 1,198
_________ _________
6. Debtors
2024 2023
£ £
Trade debtors 66,922 38,350
Other debtors 598,197 320,000
_________ _________
665,119 358,350
_________ _________
Included in other debtors is an amount of £595,000 (31 March 2023 - £315,000) due from a connected company.
7. Creditors: amounts falling due within one year
2024 2023
£ £
Social security and other taxes 88,270 72,071
Director loan accounts - 9,018
Other creditors 7,760 20,085
_________ _________
96,030 101,174
_________ _________
8. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary Shares shares of £ 1.00 each 100 100 100 100
'A' Ordinary Shares shares of £ 1.00 each 100 100 100 100
'B' Ordinary Shares shares of £ 1.00 each 1 1 1 1
'C' Ordinary Shares shares of £ 1.00 each 1 1 1 1
_________ _________ _________ _________
202 202 202 202
_________ _________ _________ _________
9. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Dr V. Goel ( 9,018) 12,215 3,197
_________ _________ _________