Registered number
06461321
K & A Services Limited
Filleted Accounts
31 December 2024
K & A Services Limited
Registered number: 06461321
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 11,023 14,698
Current assets
Stocks 40,500 40,500
Debtors 4 43,434 58,565
83,934 99,065
Creditors: amounts falling due within one year 5 (88,950) (106,594)
Net current liabilities (5,016) (7,529)
Net assets 6,007 7,169
Capital and reserves
Called up share capital 100 100
Profit and loss account 5,907 7,069
Shareholders' funds 6,007 7,169
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr K A Knowles
Director
Approved by the board on 9 April 2025
K & A Services Limited
Notes to the Accounts
for the year ended 31 December 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:
Office equipment 25% reducing balance
Plant and machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 2 4
3 Tangible fixed assets
Office equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 754 16,508 90,589 107,851
At 31 December 2024 754 16,508 90,589 107,851
Depreciation
At 1 January 2024 627 14,887 77,639 93,153
Charge for the year 32 405 3,238 3,675
At 31 December 2024 659 15,292 80,877 96,828
Net book value
At 31 December 2024 95 1,216 9,712 11,023
At 31 December 2023 127 1,621 12,950 14,698
4 Debtors 2024 2023
£ £
Trade debtors 43,434 58,335
Other debtors - 230
43,434 58,565
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 20,477 35,434
Trade creditors 21,931 23,521
Other taxes and social security costs 13,746 14,903
Other creditors 32,796 32,736
88,950 106,594
6 Other information
K & A Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Swingate Cottages
Hougoumont Farm
Collingbourne Ducis Swindon
Wiltshire
SN8 3ET
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