REGISTERED NUMBER: 03542850 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

KCS OF SURREY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Purvis

SECRETARY:

A J Purvis

REGISTERED OFFICE:

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

REGISTERED NUMBER:

03542850 (England and Wales)

ACCOUNTANTS:

RJP LLP

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

FIXED ASSETS

Tangible assets

4

6,522

8,737

Investment property

5

160,000

160,000

166,522

168,737

CURRENT ASSETS

Stocks

6

1,491,476

1,482,487

Debtors

7

1,056,950

845,652

2,548,426

2,328,139

CREDITORS

Amounts falling due within one year

8

1,596,547

1,802,883

NET CURRENT ASSETS

951,879

525,256

TOTAL ASSETS LESS CURRENT LIABILITIES

1,118,401

693,993

CREDITORS

Amounts falling due after more than one year

9

(498,521

)

(79,551

)

PROVISIONS FOR LIABILITIES

11

(1,630

)

(1,818

)

NET ASSETS

618,250

612,624

CAPITAL AND RESERVES

Called up share capital

12

2

2

Share premium

7,661

7,661

Retained earnings

610,587

604,961

SHAREHOLDERS' FUNDS

618,250

612,624

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 April 2026 and were signed by:

S Purvis - Director

1.	STATUTORY INFORMATION

KCS of Surrey 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.

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.

Turnover

Turnover represents invoiced sales of second hand cars. Turnover is recognised when the vehicle is collected by the customer.

Tangible fixed assets

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

Improvements to property

-

25% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Investment property

In accordance with FRS 102: Investment property is property (land or building, or part of a building, or both) held by the owner or by the lessee under a finance lease to earn rentals or for capital appreciation or both. An entity shall measure investment property at its initial recognition. The cost of a purchased investment property comprises its purchase price and any directly attributable expenditure such as legal and brokerage fees, property transfer taxes and other transaction costs. Investment property whose fair value can be measured reliably without undue cost or effort shall be measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The directors consider that the value included in the accounts is a fair valuation of the property's market value at the balance sheet date.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is defined as the actual cost of vehicles purchased and the costs incurred to make the vehicle fit for resale. Net realisable value is defined as the expected selling price less any expected future costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.

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 16 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

250,708

Additions

4,054

At 31 December 2025

254,762

DEPRECIATION

At 1 January 2025

241,971

Charge for year

6,269

At 31 December 2025

248,240

NET BOOK VALUE

At 31 December 2025

6,522

At 31 December 2024

8,737

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

160,000

NET BOOK VALUE

At 31 December 2025

160,000

At 31 December 2024

160,000

Investment property was valued on an open market basis on 31 December 2025 by the director.

6.

STOCKS

31.12.25

31.12.24

£

£

Stocks

1,491,476

1,482,487

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

303,640

165,058

Other debtors

753,310

680,594

1,056,950

845,652

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

244,825

170,667

Trade creditors

112,034

183,616

Taxation and social security

112,055

101,480

Other creditors

1,127,633

1,347,120

1,596,547

1,802,883

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

498,521

79,551

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

279,866

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank overdrafts

171,316

117,451

Bank loans

572,030

132,767

Used car stocking loan

692,317

918,937

1,435,663

1,169,155

National Westminster Bank Plc holds a fixed and floating charge dated 12 October 2003 over the assets of the company. They also hold a legal charge over the investment property dated 16 March 2018.

11.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

1,630

1,818

Deferred

tax

£

Balance at 1 January 2025

1,818

Deferred tax

(188

)

Balance at 31 December 2025

1,630

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary A Shares

£0.01

1

1

100

Ordinary B Shares

£0.01

1

1

24

Ordinary C Shares

£0.01

-

-

2

2

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

Director

Balance outstanding at start of year

281,957

(122,175

)

Amounts advanced

324,602

693,775

Amounts repaid

(691,963

)

(289,643

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(85,404

)

281,957

Interest has been paid at 2.25% and 3.75% until the loan was repaid.

14.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £3,699 to a shareholder with a participating interest in the company (2024 - £44,094 was owed by the shareholder). Interest has been paid on the loan at 2.25% until it was repaid.