Company Registration No. 6585930 (England and Wales)
KFS Service Limited
Unaudited accounts
for the year ended 31 March 2022
KFS Service Limited
Unaudited accounts
Contents
KFS Service Limited
Company Information
for the year ended 31 March 2022
Company Number
6585930 (England and Wales)
Registered Office
73 LIGHTWATER MEADOW
LIGHTWATER
SURREY
GU18 5XH
Accountants
Golding & Co Accounting Services Limited
29 Blackwood Close
West Byfleet
Surrey
KT14 6PP
KFS Service Limited
Statement of financial position
as at
31 March 2022
Tangible assets
9,768
16,036
Investments
162,647
162,073
Cash at bank and in hand
7,013
1,605
Creditors: amounts falling due within one year
(57,828)
(18,955)
Net current liabilities
(26,683)
(14,029)
Total assets less current liabilities
145,732
164,080
Creditors: amounts falling due after more than one year
(16,467)
(22,549)
Provisions for liabilities
Deferred tax
(1,856)
(3,047)
Net assets
127,409
138,484
Called up share capital
3
3
Profit and loss account
127,406
138,481
Shareholders' funds
127,409
138,484
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 director acknowledges his 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 and authorised for issue on 21 December 2022 and were signed on its behalf by
Neil Holden
Director
Company Registration No. 6585930
KFS Service Limited
Notes to the Accounts
for the year ended 31 March 2022
KFS Service Limited is a private company, limited by shares, registered in England and Wales, registration number 6585930. The registered office is 73 LIGHTWATER MEADOW, LIGHTWATER, SURREY, GU18 5XH.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investments in shares are included at fair value.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
KFS Service Limited
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2021
308
25,000
1,644
2,588
29,540
Disposals
-
-
(936)
(1,957)
(2,893)
At 31 March 2022
308
25,000
708
1,084
27,100
At 1 April 2021
231
9,375
1,467
2,431
13,504
Charge for the year
77
6,250
177
217
6,721
On disposals
-
-
(936)
(1,957)
(2,893)
At 31 March 2022
308
15,625
708
691
17,332
At 31 March 2022
-
9,375
-
393
9,768
At 31 March 2021
77
15,625
177
157
16,036
5
Investments
Other investments
Valuation at 1 April 2021
162,073
Fair value adjustments
16,890
Valuation at 31 March 2022
162,647
Amounts falling due within one year
Trade debtors
24,021
3,113
Accrued income and prepayments
111
208
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
5,200
4,527
Obligations under finance leases and hire purchase contracts
972
1,718
Taxes and social security
8,758
9,049
Loans from directors
29,281
251
KFS Service Limited
Notes to the Accounts
for the year ended 31 March 2022
8
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
-
1,076
9
Share capital
2022
2021
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
1 A Ordinary shares of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 1 (2021: 1).