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REGISTERED NUMBER: 02847837 (England and Wales)















Financial Statements

for the Year Ended 30 September 2024

for

K. S. SERVICES LIMITED

K. S. SERVICES LIMITED (REGISTERED NUMBER: 02847837)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K. S. SERVICES LIMITED

Company Information
for the Year Ended 30 September 2024







DIRECTORS: I S Kelt
P D Kelt
R I Kelt





SECRETARY: Mrs D Kelt





REGISTERED OFFICE: Prince William House
3 Clifton Villas
Bradford
West Yorkshire
BD8 7BY





REGISTERED NUMBER: 02847837 (England and Wales)





ACCOUNTANTS: Rawse, Varley & Co
Chartered Accountants
Lloyds Bank Chambers
Hustlergate
Bradford
BD1 1UQ

K. S. SERVICES LIMITED (REGISTERED NUMBER: 02847837)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 85,598 113,973

CURRENT ASSETS
Stock and work in progress 14,728 35,262
Debtors 5 544,828 396,719
Cash at bank and in hand 1,677,366 1,091,597
2,236,922 1,523,578
CREDITORS
Amounts falling due within one year 6 508,808 466,298
NET CURRENT ASSETS 1,728,114 1,057,280
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,813,712

1,171,253

PROVISIONS FOR LIABILITIES 21,403 28,497
NET ASSETS 1,792,309 1,142,756

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,792,209 1,142,656
SHAREHOLDERS' FUNDS 1,792,309 1,142,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

K. S. SERVICES LIMITED (REGISTERED NUMBER: 02847837)

Balance Sheet - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by:





P D Kelt - Director


K. S. SERVICES LIMITED (REGISTERED NUMBER: 02847837)

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


1. STATUTORY INFORMATION

K. S. Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the invoiced amount of goods sold and services provided exclusive of value added tax. In the case of service contracts income is recognised in the profit and loss account on a time apportionment basis, the proportion of contract income unexpired at the balance sheet date being deferred to the following year in order to match more closely the work done.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation.

Depreciation is calculated to write off the cost less estimated residual value of the assets over their expected useful lives at the following annual rates:

Short leasehold improvements - 20% of cost
Fixtures and fittings - 15% of book value
Computer equipment - 33 1/3% of cost
Motor vehicles - 20% of cost

Stock
Stock is stated at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs
Contributions payable to the company's money purchase pension schemes and to employees' personal pension schemes are charged to profit and loss account when incurred.

K. S. SERVICES LIMITED (REGISTERED NUMBER: 02847837)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


2. ACCOUNTING POLICIES - continued

Leases
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Equipment,
fixtures
Land and and
buildings fittings Totals
£    £    £   
COST
At 1 October 2023 49,734 271,560 321,294
Additions - 21,342 21,342
Disposals - (29,413 ) (29,413 )
At 30 September 2024 49,734 263,489 313,223
DEPRECIATION
At 1 October 2023 36,809 170,512 207,321
Charge for year 3,457 46,260 49,717
Eliminated on disposal - (29,413 ) (29,413 )
At 30 September 2024 40,266 187,359 227,625
NET BOOK VALUE
At 30 September 2024 9,468 76,130 85,598
At 30 September 2023 12,925 101,048 113,973

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 279,268 371,021
Directors' current accounts 257,520 -
Prepayments and accrued income - 12,684
Deferred maintenance expenditure 8,040 13,014
544,828 396,719

K. S. SERVICES LIMITED (REGISTERED NUMBER: 02847837)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 115,932 130,571
Corporation tax 232,303 164,798
Social security and other taxes 84,271 78,507
Other creditors 7,045 5,596
Directors' current accounts - 9
Accrued expenses 13,140 8,775
Deferred maintenance income 56,117 78,042
508,808 466,298

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
I S Kelt
Balance outstanding at start of year - -
Amounts advanced 15,402 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,402 -

P D Kelt
Balance outstanding at start of year (9 ) (10 )
Amounts advanced 120,873 1
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 120,864 (9 )

R I Kelt
Balance outstanding at start of year - -
Amounts advanced 121,254 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 121,254 -

The directors' loans are interest free and have been repaid since the year end.

8. POST BALANCE SHEET EVENTS

Since the year end the company's issued share capital has been acquired by the K.S. Services Employee Ownership Trust.