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Registered number: 09864499
HKS Services Ltd
Financial Statements
For The Year Ended 30 November 2024
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09864499
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,764 17,033
Investments 5 66,860 66,860
79,624 83,893
CURRENT ASSETS
Debtors 6 2,778 10,968
Cash at bank and in hand 23,197 28,197
25,975 39,165
Creditors: Amounts Falling Due Within One Year 7 (115,712 ) (82,586 )
NET CURRENT ASSETS (LIABILITIES) (89,737 ) (43,421 )
TOTAL ASSETS LESS CURRENT LIABILITIES (10,113 ) 40,472
NET (LIABILITIES)/ASSETS (10,113 ) 40,472
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (10,115 ) 40,470
SHAREHOLDERS' FUNDS (10,113) 40,472
Page 1
Page 2
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr H Shambesh
Director
25/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
HKS Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09864499 . The registered office is 167-169 Great Portland Street, 5th Floor, Marylebone, London, W1W 5PF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 30
Computer Equipment 25
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 4)
3 4
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 December 2023 19,121 24,952 44,073
Additions 307 - 307
As at 30 November 2024 19,428 24,952 44,380
Depreciation
As at 1 December 2023 14,610 12,430 27,040
Provided during the period 1,445 3,131 4,576
As at 30 November 2024 16,055 15,561 31,616
Net Book Value
As at 30 November 2024 3,373 9,391 12,764
As at 1 December 2023 4,511 12,522 17,033
5. Investments
Unlisted
£
Cost
As at 1 December 2023 66,860
As at 30 November 2024 66,860
Provision
As at 1 December 2023 -
As at 30 November 2024 -
Net Book Value
As at 30 November 2024 66,860
As at 1 December 2023 66,860
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,778 10,968
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,210 2,304
Bank loans and overdrafts 25 15,654
Other creditors 90,040 39,088
Taxation and social security 15,437 25,540
115,712 82,586
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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