Company Registration No. 10524402 (England and Wales)
K S Sehgal Services Limited
Unaudited accounts
for the year ended 31 December 2024
K S Sehgal Services Limited
Unaudited accounts
Contents
K S Sehgal Services Limited
Company Information
for the year ended 31 December 2024
Directors
Kiran Kumar Sehgal
Michelle Sehgal
Company Number
10524402 (England and Wales)
Registered Office
6 GLENHEADON RISE
LEATHERHEAD
SURREY
KT22 8QT
ENGLAND
Accountants
Azoth Digital Accountants
Jonathan Scott Hall
Thorpe Road
Norwich
Norfolk
NR1 1UH
K S Sehgal Services Limited
Statement of financial position
as at 31 December 2024
Tangible assets
1,102
10,300
Investment property
209,024
130,698
Cash at bank and in hand
41,202
100,894
Creditors: amounts falling due within one year
(193,829)
(233,781)
Net current liabilities
(151,663)
(129,538)
Total assets less current liabilities
58,463
11,460
Creditors: amounts falling due after more than one year
(6,117)
(11,547)
Net assets/(liabilities)
52,346
(87)
Revaluation reserve
15,952
(41,354)
Profit and loss account
36,394
41,267
Shareholders' funds
52,346
(87)
For the year ending 31 December 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by
Kiran Kumar Sehgal
Director
Company Registration No. 10524402
K S Sehgal Services Limited
Notes to the Accounts
for the year ended 31 December 2024
K S Sehgal Services Limited is a private company, limited by shares, registered in England and Wales, registration number 10524402. The registered office is 6 GLENHEADON RISE, LEATHERHEAD, SURREY, KT22 8QT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33% SLM
K S Sehgal Services Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
514
31,881
6,921
39,316
At 31 December 2024
694
31,881
7,085
39,660
At 1 January 2024
386
23,910
4,720
29,016
Charge for the year
173
7,971
1,398
9,542
At 31 December 2024
559
31,881
6,118
38,558
At 31 December 2024
135
-
967
1,102
At 31 December 2023
128
7,971
2,201
10,300
Fair value at 1 January 2024
130,698
Net gain from fair value adjustments
57,306
At 31 December 2024
209,024
Amounts falling due within one year
Accrued income and prepayments
964
1,192
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,639
1,599
Obligations under finance leases and hire purchase contracts
5,466
7,282
Taxes and social security
976
7,061
Loans from directors
185,748
217,839
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
4,567
8,216
K S Sehgal Services Limited
Notes to the Accounts
for the year ended 31 December 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).