K AND S SOLUTIONS LTD
Registered number: 10658200
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 53,442 62,873
Current assets
Stocks 2,000 2,000
Debtors 4 48,669 56,265
Cash at bank and in hand 1,468 65
52,137 58,330
Creditors: amounts falling due within one year 5 (237,926) (249,764)
Net current liabilities (185,789) (191,434)
Total assets less current liabilities (132,347) (128,561)
Creditors: amounts falling due after more than one year 6 (8,000) (8,000)
Net liabilities (140,347) (136,561)
Capital and reserves
Called up share capital 1 1
Profit and loss account (140,348) (136,562)
Shareholders' funds (140,347) (136,561)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
A. Singini
Director
Approved by the board on 4 March 2025
K AND S SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2024
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 15% on reducing balance
Fixtures, fittings, tools and equipment over 15% on reducing balance
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 15 20
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 85,435
At 31 March 2024 85,435
Depreciation
At 1 April 2023 22,562
Charge for the year 9,431
At 31 March 2024 31,993
Net book value
At 31 March 2024 53,442
At 31 March 2023 62,873
4 Debtors 2024 2023
£ £
Trade debtors 29,769 33,565
Other debtors 18,900 22,700
48,669 56,265
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,119 7,029
Trade creditors 3,500 3,644
Taxation and social security costs 154,750 153,784
Other creditors 72,557 85,307
237,926 249,764
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 8,000 8,000
7 Other information
K AND S SOLUTIONS LTD is a private company limited by shares and incorporated in England. Its registered office is:
110-112 Leagrave Road
Luton
LU1 8HX
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