KRS Motors Ltd

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

Registered number: 05089645

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		7,893		3,682
Investments	5		-		12,250

			7,893		15,932
CURRENT ASSETS
Stocks	6	158,975		194,594
Debtors	7	40,186		29,210
Investments	8	21,727		21,727
Cash at bank and in hand		165,815		483,460

		386,703		728,991
Creditors: Amounts Falling Due Within One Year	9	(317,303 )		(638,004 )

NET CURRENT ASSETS (LIABILITIES)			69,400		90,987

TOTAL ASSETS LESS CURRENT LIABILITIES			77,293		106,919

PROVISIONS FOR LIABILITIES
Deferred Taxation			(7,854 )		(8,720 )

NET ASSETS			69,439		98,199

CAPITAL AND RESERVES
Called up share capital			300		300
Profit and Loss Account			69,139		97,899

SHAREHOLDERS' FUNDS			69,439		98,199

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KRS Motors Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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 directors acknowledge their 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.

On behalf of the board

Mr S Vij Director	Mr R Vij Director
14 August 2026

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

1. General Information

KRS Motors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05089645 . The registered office is Cliff Corner, Burton Bradstock, Bridport, Dorset, DT6 4RB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:

Plant & Machinery

15 - 25% straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

2.7. Investments

Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.

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KRS Motors Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2025: 7)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2025	102,413
Additions	8,391
Disposals	(3,256 )

As at 31 March 2026	107,548

Depreciation
As at 1 April 2025	98,731
Provided during the period	4,180
Disposals	(3,256 )

As at 31 March 2026	99,655

Net Book Value
As at 31 March 2026	7,893

As at 1 April 2025	3,682

Loans are secured by a fixed charge held by Lloyds TSB Bank PLC against fixed assets.

5. Investments

	Other
	£
Cost or Valuation
As at 1 April 2025	17,500
Disposals	(17,500 )

As at 31 March 2026	-

Provision
As at 1 April 2025	5,250
Disposals	(5,250 )

As at 31 March 2026	-

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	12,250

6. Stocks

	2026	2025
	£	£
Stock	158,975	194,594

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KRS Motors Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	23,869	14,528
Other debtors	16,317	14,682

	40,186	29,210

8. Current Asset Investments

	2026	2025
	£	£
Unlisted investments	21,727	21,727

9. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	138,851	78,233
Amounts owed to group undertakings	30,352	439,176
Other creditors	43,189	30,051
Taxation and social security	104,911	90,544

	317,303	638,004

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	6,952	6,952

	6,952	6,952

11. Related Party Transactions

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.

12. Ultimate Controlling Party

The ultimate holding company is Vij Holdings Limited, a private company incorporated in the UK, a company that is controlled by the directors and their families.

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