KBS Retail Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: 06653932

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		500,000		500,000
Tangible Assets	5		588,771		598,118

			1,088,771		1,098,118
CURRENT ASSETS
Stocks		82,441		73,678
Debtors		21,458		18,257
Cash at bank and in hand		352,150		379,369

		456,049		471,304
Creditors: Amounts Falling Due Within One Year		(268,272 )		(330,522 )

NET CURRENT ASSETS (LIABILITIES)			187,777		140,782

TOTAL ASSETS LESS CURRENT LIABILITIES			1,276,548		1,238,900

Creditors: Amounts Falling Due After More Than One Year			(510,946 )		(520,917 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(14,071 )		(15,790 )

NET ASSETS			751,531		702,193

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			751,431		702,093

SHAREHOLDERS' FUNDS			751,531		702,193

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KBS Retail Limited

Abridged Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Karim Rashid

Director

17th September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

KBS Retail Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06653932 . The registered office is 10 Beaumaris Grove, Shenley Church End, Milton Keynes, Bucks, MK5 6EN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis

over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the

acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be

recoverable.

Amortisation

Amortisation is provided in order to write off each asset over its estimated useful life of Nil years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0% on reducing balance
Improvements to Property	0% on reducing balance
Plant & Machinery	15% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	25% on reducing balance

2.5. Investment Properties

It is the company policy not to provide depreciation on freehold property or improvements made to the property. The property is maintained to a high standard and the director considers the residual value, based on prices prevailing at the time of acquisition are as such that depreciation is not significant.

2.6. Stocks and Work in Progress

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.

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KBS Retail Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.8. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2023: 10)

4. Intangible Assets

	Total
	£
Cost
As at 1 January 2024	500,000

As at 31 December 2024	500,000

Net Book Value
As at 31 December 2024	500,000

As at 1 January 2024	500,000

5. Tangible Assets

	Total
	£
Cost
As at 1 January 2024	822,911
Additions	1,070
Disposals	(5,188 )

As at 31 December 2024	818,793

Depreciation
As at 1 January 2024	224,793
Provided during the period	9,836
Disposals	(4,607 )

As at 31 December 2024	230,022

...CONTINUED

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KBS Retail Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	588,771

As at 1 January 2024	598,118

6. Secured Creditors

The bank loan provided by HSBC Bank PLC is secured by a legal charge over the freehold property known as Oundle Road Service Station and all assets of the company.

Of the creditors falling due within and after more than one year the following amounts are secured.

	2024		2023
	£		£
Bank loans and overdrafts	-		7,068

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

8. Related Party Transactions

K & M Rashid Limited

K & M Rashid Limited is a company wholly owned by the shareholders.

The company has received monies loaned for cashflow purposes from K & M Rashid Limited. The balance is included within other creditors. At the balance sheet date the amount outstanding was £500,000 (2023 £500,000).

9. Ultimate Controlling Party

The company's ultimate controlling party is Mr Karim Rashid by virtue of his ownership of 50% of the issued share capital in the company.

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