KCS PLUMBING SERVICES LIMITED

Company Registration Number:
05390057 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

KCS PLUMBING SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

KCS PLUMBING SERVICES LIMITED

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 1,142 1,344
Total fixed assets: 1,142 1,344
Current assets
Stocks: 2,350 2,780
Debtors:   24,146 20,824
Cash at bank and in hand: 7 7
Total current assets: 26,503 23,611
Creditors: amounts falling due within one year:   (23,496) (22,595)
Net current assets (liabilities): 3,007 1,016
Total assets less current liabilities: 4,149 2,360
Total net assets (liabilities): 4,149 2,360
Capital and reserves
Called up share capital: 5 5
Profit and loss account: 4,144 2,355
Shareholders funds: 4,149 2,360

The notes form part of these financial statements

KCS PLUMBING SERVICES LIMITED

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 January 2025
and signed on behalf of the board by:

Name: D Culhane
Status: Director

The notes form part of these financial statements

KCS PLUMBING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is derived from the principal activity of plumbing services. Turnover represents net invoiced sales of services rendered, excluding value added tax. In line with Financial Reporting Standard 102 income has been recognised when the company obtains the right to consideration in exchange for its performance.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Other accounting policies

Stocks Stocks consist of parts and goods purchased for resale. Stocks are valued at lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 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.

KCS PLUMBING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

KCS PLUMBING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible Assets

Total
Cost £
At 01 July 2023 15,538
At 30 June 2024 15,538
Depreciation
At 01 July 2023 14,194
Charge for year 202
At 30 June 2024 14,396
Net book value
At 30 June 2024 1,142
At 30 June 2023 1,344

KCS PLUMBING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Loans to directors

Name of director receiving advance or credit: D Culhane
Description of the loan: Loan
£
Balance at 01 July 2023 18,013
Advances or credits made: 41,686
Advances or credits repaid: 41,126
Balance at 30 June 2024 18,573

The overdrawn balance is due to be repaid by November 2024. Interest of £407 has been charged on the overdrawn account.

KCS PLUMBING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Related party transactions

During the year the company was controlled by the D Culhane.