Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2falseNo description of principal activity2truefalse 08375740 2023-04-01 2024-03-31 08375740 2024-03-31 08375740 2022-04-01 2023-03-31 08375740 2023-03-31 08375740 c:Director1 2023-04-01 2024-03-31 08375740 c:RegisteredOffice 2023-04-01 2024-03-31 08375740 d:MotorVehicles 2023-04-01 2024-03-31 08375740 d:MotorVehicles 2024-03-31 08375740 d:MotorVehicles 2023-03-31 08375740 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08375740 d:FurnitureFittings 2023-04-01 2024-03-31 08375740 d:FurnitureFittings 2024-03-31 08375740 d:FurnitureFittings 2023-03-31 08375740 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08375740 d:ComputerEquipment 2023-04-01 2024-03-31 08375740 d:ComputerEquipment 2024-03-31 08375740 d:ComputerEquipment 2023-03-31 08375740 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08375740 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08375740 d:CurrentFinancialInstruments 2024-03-31 08375740 d:CurrentFinancialInstruments 2023-03-31 08375740 d:Non-currentFinancialInstruments 2024-03-31 08375740 d:Non-currentFinancialInstruments 2023-03-31 08375740 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08375740 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08375740 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08375740 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08375740 d:ShareCapital 2024-03-31 08375740 d:ShareCapital 2023-03-31 08375740 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 08375740 d:RetainedEarningsAccumulatedLosses 2024-03-31 08375740 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 08375740 d:RetainedEarningsAccumulatedLosses 2023-03-31 08375740 d:RetainedEarningsAccumulatedLosses 2022-04-01 08375740 c:FRS102 2023-04-01 2024-03-31 08375740 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08375740 c:FullAccounts 2023-04-01 2024-03-31 08375740 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08375740 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 08375740 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 08375740 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 08375740 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 08375740 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 08375740







UNAUDITED DIRECTOR'S REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


KSL CORPORATE LIMITED






































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KSL CORPORATE LIMITED
 


 
COMPANY INFORMATION


Director
Mr J Lack 




Registered number
08375740



Registered office
Lynt House
Lynt Farm Lane

Inglesham

Wiltshire

United Kingdom

SN6 7QZ




Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG





 


KSL CORPORATE LIMITED
 



CONTENTS



Page
Director's Report
1
Statement of Income and Retained Earnings
2
Statement of Financial Position
3 - 4
Notes to the Financial Statements
5 - 8


 


KSL CORPORATE LIMITED
 


 
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024

The Director presents his report and the financial statements for the year ended 31 March 2024.

Director

The Director who served during the year was:

Mr J Lack 

Small companies note

In preparing this report, the Director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf by:
 





................................................
Mr J Lack
Director

Date: 28 March 2025

Page 1

 


KSL CORPORATE LIMITED
 


 
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 MARCH 2024

2024
2023
£
£

  

Turnover
  
537,396
428,131

Cost of sales
  
(30,899)
(13,034)

Gross profit
  
506,497
415,097

Administrative expenses
  
(396,217)
(323,117)

Operating profit
  
110,280
91,980

Interest receivable and similar income
  
9,027
3

Interest payable and similar expenses
  
(12,938)
(16,791)

Profit before tax
  
106,369
75,192

Tax on profit
  
(33,497)
(24,593)

Profit after tax
  
72,872
50,599

  

  

Retained earnings at the beginning of the year
  
36,058
124,234

  
36,058
124,234

Profit for the year
  
72,872
50,599

Dividends declared and paid
  
(108,765)
(138,775)

Retained earnings at the end of the year
  
165
36,058
The notes on pages 5 to 8 form part of these financial statements.

Page 2

 


KSL CORPORATE LIMITED
REGISTERED NUMBER:08375740



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
68,777
97,007

  
68,777
97,007

Current assets
  

Debtors: amounts falling due within one year
 5 
228,175
352,369

Cash at bank and in hand
  
3,873
167

  
232,048
352,536

Creditors: amounts falling due within one year
 6 
(233,983)
(307,174)

Net current (liabilities)/assets
  
 
 
(1,935)
 
 
45,362

Total assets less current liabilities
  
66,842
142,369

Creditors: amounts falling due after more than one year
 7 
(66,427)
(106,061)

  

Net assets
  
415
36,308


Capital and reserves
  

Called up share capital 
  
250
250

Profit and loss account
  
165
36,058

  
415
36,308


Page 3

 


KSL CORPORATE LIMITED
REGISTERED NUMBER:08375740


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


................................................
Mr J Lack
Director

Date: 28 March 2025

The notes on pages 5 to 8 form part of these financial statements.

Page 4

 


KSL CORPORATE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

KSL Corporate Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page. There is no principal place of business. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 


KSL CORPORATE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
33%
reducing balance
Computer equipment
-
33%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
82,970
100,952
2,496
186,418



At 31 March 2024

82,970
100,952
2,496
186,418



Depreciation


At 1 April 2023
33,707
54,990
714
89,411


Charge for the year on owned assets
12,316
15,320
594
28,230



At 31 March 2024

46,023
70,310
1,308
117,641



Net book value



At 31 March 2024
36,947
30,642
1,188
68,777



At 31 March 2023
49,263
45,962
1,782
97,007

Page 6

 


KSL CORPORATE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
152,984
312,369

Other debtors
191
-

Prepayments and accrued income
75,000
40,000

228,175
352,369



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
10,821
20,888

Bank loans
28,500
32,000

Trade creditors
13,873
95,550

Corporation tax
87,830
75,131

Other taxation and social security
72,134
69,534

Obligations under finance lease and hire purchase contracts
12,134
11,341

Other creditors
7,191
1,230

Accruals and deferred income
1,500
1,500

233,983
307,174



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
25,834
53,334

Net obligations under finance leases and hire purchase contracts
40,593
52,727

66,427
106,061


Page 7

 


KSL CORPORATE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
12,134
11,341

Between 1-5 years
40,593
52,727

52,727
64,068

 
Page 8