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REGISTERED NUMBER: 07028225 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

KSFG LIMITED

KSFG LIMITED (REGISTERED NUMBER: 07028225)

Contents of the Financial Statements

FOR THE YEAR ENDED 30 APRIL 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

KSFG LIMITED

Company Information

FOR THE YEAR ENDED 30 APRIL 2025

| DIRECTORS: | A J Brooking

| D A Gollop

| REGISTERED OFFICE: | 1, Fair Oak Court

| Clyst Honiton

| Exeter

| Devon

| EX5 2BB

| REGISTERED NUMBER: | 07028225 (England and Wales)

| ACCOUNTANTS: | Gravita Western Limited

| Keble House

| Southernhay Gardens

| Exeter

| Devon

| EX1 1NT

KSFG LIMITED (REGISTERED NUMBER: 07028225)

Balance Sheet

30 APRIL 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3,760 |  | 1,172 |  |

CURRENT ASSETS

Stocks | 7,257 |  | 65,360 |  |

Debtors | 5 | 264,393 |  | 269,497 |  |

Cash at bank | 646,253 |  | 815,183 |  |

917,903 |  | 1,150,040 |  |

CREDITORS

Amounts falling due within one year | 6 | (113,524 | ) | (420,200 | ) |

NET CURRENT ASSETS | 804,379 |  | 729,840 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 808,139 |  | 731,012 |  |

PROVISIONS FOR LIABILITIES | (940 | ) | (293 | ) |

NET ASSETS | 807,199 |  | 730,719 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Retained earnings | 806,199 |  | 729,719 |  |

SHAREHOLDERS' FUNDS | 807,199 |  | 730,719 |  |

KSFG LIMITED (REGISTERED NUMBER: 07028225)

Balance Sheet - continued

30 APRIL 2025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2025 and were signed on its behalf by:

D A Gollop - Director

KSFG LIMITED (REGISTERED NUMBER: 07028225)

Notes to the Financial Statements

FOR THE YEAR ENDED 30 APRIL 2025

1. | COMPANY INFORMATION

| KSFG 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

| The company's principal activities and nature of its operations are disclosed in the Directors' Report.

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.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group or with the parent company.

| Turnover

| Turnover represents amounts chargeable in respect of the sale of goods to customers, net of value added tax.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Computer equipment | - | 25% on cost

| Stocks

| Stock and work in progress are valued at the lower of cost and net realisable value.

KSFG LIMITED (REGISTERED NUMBER: 07028225)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 30 APRIL 2025

2. | ACCOUNTING POLICIES - continued

| Cash and cash equivalents

| Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

| Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 tax

| 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.

KSFG LIMITED (REGISTERED NUMBER: 07028225)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 30 APRIL 2025

2. | ACCOUNTING POLICIES - continued

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

4. | TANGIBLE FIXED ASSETS

| Computer

| equipment

£ |

| COST

| At 1 May 2024 | 11,337 |  |

| Additions | 4,318 |  |

| Disposals | (1,091 | ) |

| At 30 April 2025 | 14,564 |  |

| DEPRECIATION

| At 1 May 2024 | 10,165 |  |

| Charge for year | 1,162 |  |

| Eliminated on disposal | (523 | ) |

| At 30 April 2025 | 10,804 |  |

| NET BOOK VALUE

| At 30 April 2025 | 3,760 |  |

| At 30 April 2024 | 1,172 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 199,009 |  | 251 |  |

| Other debtors | 65,384 |  | 269,246 |  |

264,393 |  | 269,497 |  |

KSFG LIMITED (REGISTERED NUMBER: 07028225)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 30 APRIL 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 94 |  | 13,811 |  |

| Taxation and social security | 93,909 |  | 113,707 |  |

| Other creditors | 19,521 |  | 292,682 |  |

113,524 |  | 420,200 |  |

7. | SECURED DEBTS

| Barclays Bank PLC have fixed and floating charges registered against the company's assets.

8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

2025 | 2024 |

£ | £ |

| A J Brooking

| Balance outstanding at start of year | (1 | ) | 9,999 |  |

| Amounts advanced | 10,000 |  | - |  |

| Amounts repaid | - |  | (10,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 9,999 |  | (1 | ) |

| The loan is interest free and repayable on demand.

9. | RELATED PARTY DISCLOSURES

| Related entity

| - Loan

| Included in other debtors is a loan due from a limited company in which Mr A Brooking is a director.

| At the balance sheet date the outstanding loan balance amounted to £47,079 (2024 £859).

| The loan is interest free and repayable on demand.

| - Customer balance

| Included in trade debtors is a amount due from a limited company in which Mr A Brooking is a director.

| At the balance sheet the outstanding customer balance amounted to £167,330 (2024 £Nil).

| The customer balance is expected to be repaid within the next 12 months after the year end.

KSFG LIMITED (REGISTERED NUMBER: 07028225)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 30 APRIL 2025

10. | ULTIMATE CONTROLLING PARTY

| The controlling party is JFK Exeter Limited.