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Registration number: 12053638

KSD Vehicle Solutions Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

KSD Vehicle Solutions Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

KSD Vehicle Solutions Limited

Company Information

Director

Mrs Sarabjit Dhutty

Registered office

Quadrant Court
51-52 Calthorpe Road
Edgbaston
Birmingham
B15 1TH

Accountants

Jeeves & Co Limited Quadrant Court
51-52 Calthorpe Road
Edgbaston
Birmingham
B15 1TH

 

KSD Vehicle Solutions Limited

(Registration number: 12053638)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

6,384

8,512

Current assets

 

Debtors

5

3,941

2,412

Cash at bank and in hand

 

36,843

19,697

 

40,784

22,109

Creditors: Amounts falling due within one year

6

(16,483)

(14,026)

Net current assets

 

24,301

8,083

Total assets less current liabilities

 

30,685

16,595

Provisions for liabilities

(1,596)

(1,617)

Net assets

 

29,089

14,978

Capital and reserves

 

Called up share capital

7

1,000

1,000

Retained earnings

28,089

13,978

Shareholders' funds

 

29,089

14,978

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 July 2025
 

.........................................
Mrs Sarabjit Dhutty
Director

 

KSD Vehicle Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Quadrant Court
51-52 Calthorpe Road
Edgbaston
Birmingham
B15 1TH
England

These financial statements were authorised for issue by the director on 22 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

KSD Vehicle Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

KSD Vehicle Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

KSD Vehicle Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 November 2023

11,350

11,350

At 31 October 2024

11,350

11,350

Depreciation

At 1 November 2023

2,838

2,838

Charge for the year

2,128

2,128

At 31 October 2024

4,966

4,966

Carrying amount

At 31 October 2024

6,384

6,384

At 31 October 2023

8,512

8,512

5

Debtors

Current

2024
£

2023
£

Trade debtors

3,941

2,412

 

3,941

2,412

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

9,761

8,700

Taxation and social security

5,027

2,841

Accruals and deferred income

1,695

2,485

16,483

14,026

7

Share capital

Allotted, called up and fully paid shares

 

KSD Vehicle Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

2024

2023

No.

£

No.

£

Ordinary Shares of £1 Each of £1 each

1,000

1,000

1,000

1,000