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Company Registration No. 11506242 (England and Wales)
KBS INTERNATIONAL COMMERCE LTD Unaudited accounts for the year ended 31 August 2024
KBS INTERNATIONAL COMMERCE LTD Unaudited accounts Contents
Page
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KBS INTERNATIONAL COMMERCE LTD Company Information for the year ended 31 August 2024
Director
Khalid Mansour
Company Number
11506242 (England and Wales)
Registered Office
FLAT 6 UTOPIA HOUSE 192-206 HIGH ROAD FL LONDON NW10 2PB ENGLAND
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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KBS INTERNATIONAL COMMERCE LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5 
270 
Current assets
Inventories
3,600 
3,600 
Debtors
- 
4,014 
Cash at bank and in hand
4,053 
4,803 
7,653 
12,417 
Creditors: amounts falling due within one year
6,336 
2,392 
Net current assets
13,989 
14,809 
Total assets less current liabilities
13,994 
15,079 
Creditors: amounts falling due after more than one year
(23,761)
(26,507)
Net liabilities
(9,767)
(11,428)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(9,768)
(11,429)
Shareholders' funds
(9,767)
(11,428)
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 January 2025 and were signed on its behalf by
Khalid Mansour Director Company Registration No. 11506242
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KBS INTERNATIONAL COMMERCE LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
KBS INTERNATIONAL COMMERCE LTD is a private company, limited by shares, registered in England and Wales, registration number 11506242. The registered office is FLAT 6 UTOPIA HOUSE 192-206 HIGH ROAD FL, LONDON, NW10 2PB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight line basis
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
802 
At 31 August 2024
802 
Depreciation
At 1 September 2023
532 
Charge for the year
265 
At 31 August 2024
797 
Net book value
At 31 August 2024
5 
At 31 August 2023
270 
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KBS INTERNATIONAL COMMERCE LTD Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
4,014 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
(6,695)
(2,994)
Accruals
359 
602 
(6,336)
(2,392)
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
23,761 
26,507 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Khalid Mansour
Director loan
2,994 
6,695 
2,994 
6,695 
2,994 
6,695 
2,994 
6,695 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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