General Information
KSK Ventures Limited is a private company, limited by shares, registered in England and Wales, registration number 10930106, registration address Oberon House, Ferries Street, HULL, East Yorkshire, HU9 1RL.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Motor Vehicles |
25% Straight Line
|
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
|
| 2. |
Average number of employees
Average number of employees during the year was 1 (2024 : 1).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Motor Vehicles |
|
Total |
| |
£ |
|
£ |
| At 01 September 2024 |
- |
|
- |
| Additions |
47,995 |
|
47,995 |
| Disposals |
- |
|
- |
| At 31 August 2025 |
47,995 |
|
47,995 |
| Depreciation |
| At 01 September 2024 |
8,999 |
|
8,999 |
| Charge for year |
11,999 |
|
11,999 |
| On disposals |
- |
|
- |
| At 31 August 2025 |
20,998 |
|
20,998 |
| Net book values |
| Closing balance as at 31 August 2025 |
26,997 |
|
26,997 |
| Opening balance as at 01 September 2024 |
38,996 |
|
38,996 |
|
| 4. |
Investments
| Cost |
Other investments other than loans |
|
Total |
| |
£ |
|
£ |
| At 01 September 2024 |
560,460 |
|
560,460 |
| Additions |
31,923 |
|
31,923 |
| Disposals |
(84,763) |
|
(84,763) |
| Revaluations |
168,885 |
|
168,885 |
| At 31 August 2025 |
676,505 |
|
676,505 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
0 |
|
5,763 |
| Other Debtors |
43,183 |
|
44,713 |
| Directors' Current Accounts |
78,544 |
|
0 |
| VAT |
631 |
|
0 |
|
122,358 |
|
50,476 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Corporation Tax |
32,181 |
|
39,221 |
| PAYE & Social Security |
0 |
|
1,887 |
| Accrued Expenses |
12,024 |
|
1,896 |
| Other Creditors |
(1) |
|
0 |
| Obligations under HP/Financial Leases |
1,251 |
|
6,250 |
| Directors' Current Accounts |
0 |
|
2,280 |
| VAT |
0 |
|
1,821 |
|
45,455 |
|
53,355 |
|
2
|