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REGISTERED NUMBER: 10887704 (England and Wales)


Financial Statements for the Year Ended 31 August 2024

for

KS & Sonns Limited

KS & Sonns Limited (Registered number: 10887704)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


KS & Sonns Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs Kanwalpreet Kaur
Mr. Shamsher Singh





SECRETARY: Mr. Shamsher Singh





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD





REGISTERED NUMBER: 10887704 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

KS & Sonns Limited (Registered number: 10887704)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,000 30,000
Property, plant and equipment 5 10,397 8,458
40,397 38,458

CURRENT ASSETS
Inventories 66,607 55,498
Debtors 6 6,650 7,254
Cash at bank and in hand 16,558 17,843
89,815 80,595
CREDITORS
Amounts falling due within one year 7 27,098 14,217
NET CURRENT ASSETS 62,717 66,378
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,114

104,836

CREDITORS
Amounts falling due after more than one
year

8

63,581

74,613
NET ASSETS 39,533 30,223

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 39,532 30,222
SHAREHOLDERS' FUNDS 39,533 30,223

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

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

The directors acknowledge their 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.

KS & Sonns Limited (Registered number: 10887704)

Statement of Financial Position - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





Mrs Kanwalpreet Kaur - Director


KS & Sonns Limited (Registered number: 10887704)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

KS & Sonns 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.

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
Turnover represents net sales of invoiced goods and services excluding Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 30,000
NET BOOK VALUE
At 31 August 2024 30,000
At 31 August 2023 30,000

KS & Sonns Limited (Registered number: 10887704)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 September 2023 15,980
Additions 4,324
At 31 August 2024 20,304
DEPRECIATION
At 1 September 2023 7,522
Charge for year 2,385
At 31 August 2024 9,907
NET BOOK VALUE
At 31 August 2024 10,397
At 31 August 2023 8,458

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 6,650 6,650
Other debtors - 604
6,650 7,254

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 7,407 4,861
Taxation and social security 3,661 2,649
Other creditors 16,030 6,707
27,098 14,217

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 63,581 74,613

KS & Sonns Limited (Registered number: 10887704)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary 0.01 1 1