Registered number
07396565
K H Autos Limited
Filleted Accounts
30 September 2024
K H Autos Limited
Registered number: 07396565
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 822 1,002
Current assets
Debtors 4 4,809 -
Cash at bank and in hand 21,394 24,326
26,203 24,326
Creditors: amounts falling due within one year 5 (7,865) (10,693)
Net current assets 18,338 13,633
Net assets 19,160 14,635
Capital and reserves
Called up share capital 1 1
Profit and loss account 19,159 14,634
Shareholder's funds 19,160 14,635
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
K Harper
Director
Approved by the board on 14 October 2024
K H Autos Limited
Notes to the Accounts
for the year ended 30 September 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:
Fixtures, fittings, tools and equipment over 5 years
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 2,962 10,919 13,881
At 30 September 2024 2,962 10,919 13,881
Depreciation
At 1 October 2023 2,728 10,151 12,879
Charge for the year 42 138 180
At 30 September 2024 2,770 10,289 13,059
Net book value
At 30 September 2024 192 630 822
At 30 September 2023 234 768 1,002
4 Debtors 2024 2023
£ £
Trade debtors 4,809 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,966 -
Taxation and social security costs 4,618 5,496
Other creditors 1,281 5,197
7,865 10,693
6 Other information
K H Autos Limited is a private company limited by shares and incorporated in England. Its registered office is:
Holly House
Copthorne Bank
Copthorne
RH10 3JH
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