Company Registration No. 06302338 (England and Wales)
KS SYPIEN LIMITED
Unaudited accounts
for the year ended 31 March 2022
KS SYPIEN LIMITED
Unaudited accounts
Contents
KS SYPIEN LIMITED
Company Information
for the year ended 31 March 2022
Directors
Slawomir Jerzy Sypien
Katarzyna Sypien
Company Number
06302338 (England and Wales)
Registered Office
UNIT 14 CHURCH LANE
KINGSBURY TRADING ESTATE
LONDON
NW9 8AU
ENGLAND
Accountants
RAMESH SHARMA
DIVRICHA ACCOUNTANCY LIMITED
11 WEDMORE ROAD
GREENFORD
MIDDLESEX
UB6 8SB
KS SYPIEN LIMITED
Statement of financial position
as at
31 March 2022
Tangible assets
434,546
415,607
Debtors
1,181,137
644,292
Cash at bank and in hand
1,811,836
1,926,753
Creditors: amounts falling due within one year
(506,488)
(730,331)
Net current assets
2,486,485
2,152,822
Total assets less current liabilities
2,921,031
2,568,429
Creditors: amounts falling due after more than one year
-
(4,031)
Provisions for liabilities
Other provisions
-
(26,460)
Net assets
2,921,031
2,537,938
Called up share capital
10,000
10,000
Profit and loss account
2,911,031
2,527,938
Shareholders' funds
2,921,031
2,537,938
For the year ending 31 March 2022 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2022 and were signed on its behalf by
Slawomir Jerzy Sypien
Director
Company Registration No. 06302338
KS SYPIEN LIMITED
Notes to the Accounts
for the year ended 31 March 2022
KS SYPIEN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06302338. The registered office is UNIT 14 CHURCH LANE, KINGSBURY TRADING ESTATE, LONDON, NW9 8AU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible fixed assets:
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:
Plant & Machinery 18% wdv
Fixtures, Fittings & Equipment 18% wdv
Motor vehicles 18% wdv
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceed and the carrying value of the asset, and is credited or charged to profit or loss.
Impairment of fixed assets:
At each reporting period end date, the company reviews the carrying amounts of tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any. Where is is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the ash-generating unit to which the asset belongs.
Plant & Machinery - An assets 67KVA diesel Generator has been sold @ £6500 net for the previously claimed AIA
Motor/Vehicle-
An insurance claimed of £13076 received in this financial year against the stolen bike on which AIA was previously claimed.
Both have been added to the profit in tax computation.
KS SYPIEN LIMITED
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2021
405,980
94,778
60,233
560,991
Additions
12,714
48,691
10,745
72,150
Disposals
(21,741)
(14,953)
(2,997)
(39,691)
At 31 March 2022
396,953
128,516
67,981
593,450
At 1 April 2021
108,046
20,458
16,880
145,384
Charge for the year
14,030
3,486
3,451
20,967
On disposals
(7,312)
-
(135)
(7,447)
At 31 March 2022
114,764
23,944
20,196
158,904
At 31 March 2022
282,189
104,572
47,785
434,546
At 31 March 2021
297,934
74,320
43,353
415,607
Amounts falling due within one year
Trade debtors
734,222
500,068
Accrued income and prepayments
135,374
85,115
Other debtors
311,541
59,109
6
Creditors: amounts falling due within one year
2022
2021
Obligations under finance leases and hire purchase contracts
5,411
10,157
Trade creditors
119,461
216,907
Taxes and social security
293,690
246,041
Other creditors
-
129,984
Accruals : CITB levy liabilities to be paid.
Taxes and social security includes the corporation tax ;
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
-
4,031
Net obligations under finance lease and hire purchase contracts are secured by fixed charges on the assets concerned.
KS SYPIEN LIMITED
Notes to the Accounts
for the year ended 31 March 2022
8
Share capital
2022
2021
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000
10,000
9
Average number of employees
During the year the average number of employees was 9 (2021: 10).