K.S Construction Services Ltd 12192816 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is Other construction installation Digita Accounts Production Advanced 6.30.9574.0 true true 12192816 2023-10-01 2024-09-30 12192816 2024-09-30 12192816 core:CurrentFinancialInstruments 2024-09-30 12192816 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 12192816 core:Non-currentFinancialInstruments 2024-09-30 12192816 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 12192816 core:MotorVehicles 2024-09-30 12192816 bus:SmallEntities 2023-10-01 2024-09-30 12192816 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12192816 bus:FilletedAccounts 2023-10-01 2024-09-30 12192816 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12192816 bus:RegisteredOffice 2023-10-01 2024-09-30 12192816 bus:Director1 2023-10-01 2024-09-30 12192816 bus:Director2 2023-10-01 2024-09-30 12192816 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12192816 core:MotorVehicles 2023-10-01 2024-09-30 12192816 countries:EnglandWales 2023-10-01 2024-09-30 12192816 2022-10-01 2023-09-30 12192816 2023-09-30 12192816 core:CurrentFinancialInstruments 2023-09-30 12192816 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 12192816 core:Non-currentFinancialInstruments 2023-09-30 12192816 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 12192816

K.S Construction Services Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

K.S Construction Services Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

K.S Construction Services Ltd

Company Information

Directors

Mr Karl Aaron Smith

Mrs Kellie Louise Diana Smith

Registered office

166 College Road
Harrow
HA1 1BH

Accountants

MG Accountants & Tax Advisers Ltd
Chartered Accountants
166 College Road
Harrow
HA1 1BH

 

K.S Construction Services Ltd

(Registration number: 12192816)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

11,137

-

Current assets

 

Debtors

5

571,428

105,027

Cash at bank and in hand

 

204,584

441

 

776,012

105,468

Creditors: Amounts falling due within one year

6

(362,427)

(112,036)

Net current assets/(liabilities)

 

413,585

(6,568)

Total assets less current liabilities

 

424,722

(6,568)

Creditors: Amounts falling due after more than one year

6

(6,729)

(24,747)

Provisions for liabilities

(2,784)

-

Net assets/(liabilities)

 

415,209

(31,315)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

415,109

(31,415)

Shareholders' funds/(deficit)

 

415,209

(31,315)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 April 2025 and signed on its behalf by:
 

 

K.S Construction Services Ltd

(Registration number: 12192816)
Balance Sheet as at 30 September 2024

.........................................
Mr Karl Aaron Smith
Director

 

K.S Construction Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
166 College Road
Harrow
HA1 1BH

These financial statements were authorised for issue by the Board on 15 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

K.S Construction Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

K.S Construction Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

K.S Construction Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

Additions

14,850

14,850

At 30 September 2024

14,850

14,850

Depreciation

Charge for the year

3,713

3,713

At 30 September 2024

3,713

3,713

Carrying amount

At 30 September 2024

11,137

11,137

5

Debtors

Current

2024
£

2023
£

Trade debtors

321,159

32,787

Other debtors

250,269

72,240

 

571,428

105,027

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

248

36,731

Taxation and social security

212,085

31,364

Accruals and deferred income

800

200

Other creditors

149,294

43,741

362,427

112,036

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

6,729

24,747

 

K.S Construction Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

6,729

24,747

8

Related party transactions

During the year company made the following related party transactions:

(Director)
At the balance sheet date, the amount due to the diretcor and shareholder was £44,756 (2023 was £3,110).