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REGISTERED NUMBER: 10163752 (England and Wales)




































FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

KATNIC SERVICES LIMITED
TRADING AS
SURFACE MEDIC (SALISBURY)

KATNIC SERVICES LIMITED (REGISTERED NUMBER: 10163752)
TRADING AS SURFACE MEDIC (SALISBURY)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KATNIC SERVICES LIMITED
TRADING AS SURFACE MEDIC (SALISBURY)

COMPANY INFORMATION
for the Year Ended 31st May 2024







DIRECTOR: N C Kantharia



REGISTERED OFFICE: Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR



REGISTERED NUMBER: 10163752 (England and Wales)



ACCOUNTANTS: Compass Accountants Limited
Chartered Accountants
Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR



BANKERS: Lloyds Bank plc
Birmingham OSC, Ariel House
2138 Coventry Road
Sheldon
B26 3JW

KATNIC SERVICES LIMITED (REGISTERED NUMBER: 10163752)
TRADING AS SURFACE MEDIC (SALISBURY)

BALANCE SHEET
31st May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 13,988 6,563
13,988 6,563

CURRENT ASSETS
Debtors 6 20,521 16,092
Cash at bank 790 2,664
21,311 18,756
CREDITORS
Amounts falling due within one year 7 13,076 14,202
NET CURRENT ASSETS 8,235 4,554
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,223

11,117

CREDITORS
Amounts falling due after more than one
year

8

(9,008

)

(3,333

)

PROVISIONS FOR LIABILITIES (2,688 ) (1,247 )
NET ASSETS 10,527 6,537

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10,427 6,437
SHAREHOLDERS' FUNDS 10,527 6,537

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KATNIC SERVICES LIMITED (REGISTERED NUMBER: 10163752)
TRADING AS SURFACE MEDIC (SALISBURY)

BALANCE SHEET - continued
31st May 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th February 2025 and were signed by:





N C Kantharia - Director


KATNIC SERVICES LIMITED (REGISTERED NUMBER: 10163752)
TRADING AS SURFACE MEDIC (SALISBURY)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2024


1. STATUTORY INFORMATION

Katnic Services Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue for the provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and associated costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

KATNIC SERVICES LIMITED (REGISTERED NUMBER: 10163752)
TRADING AS SURFACE MEDIC (SALISBURY)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st May 2024


2. ACCOUNTING POLICIES - continued

Basic financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
£   
COST
At 1st June 2023
and 31st May 2024 16,000
AMORTISATION
At 1st June 2023
and 31st May 2024 16,000
NET BOOK VALUE
At 31st May 2024 -
At 31st May 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st June 2023 4,183 4,854 117 9,154
Additions - 16,155 - 16,155
At 31st May 2024 4,183 21,009 117 25,309
DEPRECIATION
At 1st June 2023 1,301 1,213 77 2,591
Charge for year 721 7,970 39 8,730
At 31st May 2024 2,022 9,183 116 11,321
NET BOOK VALUE
At 31st May 2024 2,161 11,826 1 13,988
At 31st May 2023 2,882 3,641 40 6,563

KATNIC SERVICES LIMITED (REGISTERED NUMBER: 10163752)
TRADING AS SURFACE MEDIC (SALISBURY)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st May 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,078 -
Other debtors 8,443 16,092
20,521 16,092

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,811 1,600
Trade creditors 1,290 -
Taxation and social security 5,664 11,310
Other creditors 1,311 1,292
13,076 14,202

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,008 3,333

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st May 2024 and 31st May 2023:

2024 2023
£    £   
N C Kantharia
Balance outstanding at start of year 12,102 25,936
Amounts advanced 34,927 25,493
Amounts repaid (45,224 ) (39,327 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,805 12,102

This loan was provided with interest and is repayable upon demand.