Registered number
05089645
KRS Motors Limited
Report and Accounts
31 March 2025
Accountancy 4 Success Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
KRS Motors Limited
Registered number: 05089645
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 3,682 5,683
Investments 4 12,250 14,000
15,932 19,683
Current assets
Stocks 194,594 290,393
Debtors 5 29,210 43,814
Investments held as current assets 21,727 21,727
Cash at bank and in hand 483,460 340,177
728,991 696,111
Creditors: amounts falling due within one year 6 (638,004) (555,668)
Net current assets 90,987 140,443
Total assets less current liabilities 106,919 160,126
Provisions for liabilities (8,720) (11,241)
Net assets 98,199 148,885
Capital and reserves
Called up share capital 300 300
Profit and loss account 97,899 148,585
Shareholders' funds 98,199 148,885
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 S Vij
Director
Approved by the board on 27 May 2025
KRS Motors Limited
Notes to the Accounts
for the year ended 31 March 2025
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.
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:
Freehold buildings Nil
Plant and machinery 25% straight line
Fixtures, fittings, tools and equipment 25% straight line
Property improvements 15% straight line
Investments
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 7 8
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 101,664
Additions 749
At 31 March 2025 102,413
Depreciation
At 1 April 2024 95,981
Charge for the year 2,750
At 31 March 2025 98,731
Net book value
At 31 March 2025 3,682
At 31 March 2024 5,683
4 Investments
Other
investments
£
Cost
At 1 April 2024 17,500
Amortisation (5,250)
At 31 March 2025 12,250
Investment relates to Herd Van Hire franchise fees which are being written off in equal annual instalments over its estimated economic life of 10 years.
5 Debtors 2025 2024
£ £
Trade debtors 14,528 13,597
Other debtors 14,682 30,217
29,210 43,814
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 78,233 154,197
Amounts owed to group undertakings and undertakings in which the company has a participating interest 439,176 290,463
Corporation tax 63,284 62,455
Other taxes and social security costs 27,260 10,232
Other creditors 30,051 38,321
638,004 555,668
7 Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.
8 Controlling party
The ultimate holding company is Vij Holdings Limited, a private company incorporated in the UK, a company that is controlled by the directors and their families.
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