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Company Registration No. 12336495 (England and Wales)
KI Engineering Solutions Ltd Filleted accounts for the year ended 30 November 2024
KI Engineering Solutions Ltd Filleted accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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KI Engineering Solutions Ltd Company Information for the year ended 30 November 2024
Director
Satpal Singh Bansal
Company Number
12336495 (England and Wales)
Registered Office
4 Glenshee Gardens Chellaston Derby DE73 5AZ
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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KI Engineering Solutions Ltd Statement of financial position as at 30 November 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
953
1,906
Current assets
Debtors
5
350
2,217
Cash at bank and in hand
33,379
37,812
33,729
40,029
Creditors: amounts falling due within one year
6
(2,464)
(5,093)
Net current assets
31,265
34,936
Net assets
32,218
36,842
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
32,118
36,742
Shareholders' funds
32,218
36,842
For the year ending 30 November 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 1 September 2025 and were signed on its behalf by
Satpal Singh Bansal Director Company Registration No. 12336495
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KI Engineering Solutions Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
KI Engineering Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 12336495. The registered office is 4 Glenshee Gardens, Chellaston, Derby, DE73 5AZ.
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:
Fixtures & fittings
25% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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KI Engineering Solutions Ltd Notes to the Accounts for the year ended 30 November 2024
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 December 2023
3,812
At 30 November 2024
3,812
Depreciation
At 1 December 2023
1,906
Charge for the year
953
At 30 November 2024
2,859
Net book value
At 30 November 2024
953
At 30 November 2023
1,906
5
Debtors
2024
2023
£
£
Amounts falling due within one year
VAT
350
160
Other debtors
-
2,057
350
2,217
6
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
1,930
4,559
Accruals
534
534
2,464
5,093
7
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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