KSR18 Ltd 11470598 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is management consultancy Digita Accounts Production Advanced 6.30.9574.0 true 11470598 2023-08-01 2024-07-31 11470598 2024-07-31 11470598 core:CurrentFinancialInstruments 2024-07-31 11470598 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 11470598 bus:SmallEntities 2023-08-01 2024-07-31 11470598 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 11470598 bus:FilletedAccounts 2023-08-01 2024-07-31 11470598 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 11470598 bus:RegisteredOffice 2023-08-01 2024-07-31 11470598 bus:Director2 2023-08-01 2024-07-31 11470598 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11470598 core:OtherRelatedParties 2023-08-01 2024-07-31 11470598 countries:EnglandWales 2023-08-01 2024-07-31 11470598 2022-08-01 2023-07-31 11470598 2023-07-31 11470598 core:CurrentFinancialInstruments 2023-07-31 11470598 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 11470598

Prepared for the registrar

KSR18 Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

KSR18 Ltd

(Registration number: 11470598)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

-

35,131

Cash at bank and in hand

 

127,278

94,077

 

127,278

129,208

Creditors: Amounts falling due within one year

5

(8,475)

(6,120)

Net assets

 

118,803

123,088

Capital and reserves

 

Called up share capital

100

100

Retained earnings

118,703

122,988

Shareholders' funds

 

118,803

123,088

For the financial year ending 31 July 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 March 2025
 


J Van Den Berge
Director

 

KSR18 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Merchants House North
c/o Roxburgh Milkins Ltd
Wapping Road
Bristol
BS1 4RW

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for the company's activities.

Tax

The tax expense for the period is current corporation tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

KSR18 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.


Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.


Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

4

Debtors

2024
£

2023
£

Other debtors

-

35,131

-

35,131

 

5

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

6,637

4,312

Accruals and deferred income

 

1,838

1,808

 

8,475

6,120

 

6

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

6,637

4,312

 

KSR18 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

 

7

Related party transactions

Summary of transactions with other related parties

At 31 July 2024 the company owed £6,637 (2023: £4,312) to the director. Interest of £176 (2023: £1,356) was charged on this balance, there are no fixed repayment terms.