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COMPANY REGISTRATION NUMBER: 07274407
KSH Management Limited
Filleted Unaudited Financial Statements
29 June 2024
KSH Management Limited
Financial Statements
Year ended 29 June 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
KSH Management Limited
Statement of Financial Position
29 June 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
12,834
13,051
Current assets
Debtors
6
185,456
280,358
Cash at bank and in hand
53,666
101,621
---------
---------
239,122
381,979
Creditors: amounts falling due within one year
7
217,660
347,341
---------
---------
Net current assets
21,462
34,638
--------
--------
Total assets less current liabilities
34,296
47,689
Creditors: amounts falling due after more than one year
8
8,689
19,844
--------
--------
Net assets
25,607
27,845
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
25,507
27,745
--------
--------
Shareholders funds
25,607
27,845
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
KSH Management Limited
Statement of Financial Position (continued)
29 June 2024
These financial statements were approved by the board of directors and authorised for issue on 26 June 2025 , and are signed on behalf of the board by:
Ms K J Stanley-Hughes
Director
Company registration number: 07274407
KSH Management Limited
Notes to the Financial Statements
Year ended 29 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. For the rendering of services, revenue is recognised when the services are transferred. When the outcome of a transaction can be estimated reliably, revenue is recognised based on the stage of completion of the transaction at the end of the reporting period. If the outcome of the transaction involving the rendering of services cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% straight line
Fixtures and fittings
-
20% straight line
Motor vehicles
-
20% reducing balance
Equipment
-
33% straight line
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 30 June 2023
5,526
12,535
6,250
1,916
26,227
Additions
3,292
3,292
-------
--------
-------
-------
--------
At 29 June 2024
5,526
12,535
6,250
5,208
29,519
-------
--------
-------
-------
--------
Depreciation
At 30 June 2023
5,526
418
5,316
1,916
13,176
Charge for the year
2,507
187
815
3,509
-------
--------
-------
-------
--------
At 29 June 2024
5,526
2,925
5,503
2,731
16,685
-------
--------
-------
-------
--------
Carrying amount
At 29 June 2024
9,610
747
2,477
12,834
-------
--------
-------
-------
--------
At 29 June 2023
12,117
934
13,051
-------
--------
-------
-------
--------
6. Debtors
2024
2023
£
£
Trade debtors
147,871
147,695
Other debtors
37,585
132,663
---------
---------
185,456
280,358
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,299
9,185
Trade creditors
31,685
63,135
Corporation tax
35,205
28,822
Social security and other taxes
19,430
Other creditors
140,471
226,769
---------
---------
217,660
347,341
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
8,689
19,844
-------
--------
9. Director's advances, credits and guarantees
At the year end a Director owed the company £13,239 (2023: Nil). During the year advances of £132,455 were made to the Director and payments of £119,216 made by the Director. No interest was charged on the loan.