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Company Registration No. 05460233 (England and Wales)
Keston Construction Limited Unaudited accounts for the year ended 31 December 2021
Keston Construction Limited Unaudited accounts Contents
Page
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Keston Construction Limited Company Information for the year ended 31 December 2021
Directors
SK Browning R Woodmonger
Company Number
05460233 (England and Wales)
Registered Office
15 The Dale Keston BR2 6HW
Accountants
EJ Butler FCA, Chartered Accountant 42 Manor Road Beckenham Kent BR3 5LE
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Keston Construction Limited for the year ended 31 December 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Keston Construction Limited for the year ended 31 December 2021 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Keston Construction Limited, as a body, in accordance with the terms of our engagement letter dated 15 January 2008. Our work has been undertaken solely to prepare for your approval the accounts of Keston Construction Limited and state those matters that we have agreed to state to the Board of Directors of Keston Construction Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Keston Construction Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Keston Construction Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Keston Construction Limited. You consider that Keston Construction Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Keston Construction Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
EJ Butler FCA, Chartered Accountant Chartered Accountants 42 Manor Road Beckenham Kent BR3 5LE 1 April 2022
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Keston Construction Limited Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,706 
15,388 
Current assets
Debtors
115,046 
44,181 
Cash at bank and in hand
4,173 
28,631 
119,219 
72,812 
Creditors: amounts falling due within one year
(121,375)
(82,565)
Net current liabilities
(2,156)
(9,753)
Total assets less current liabilities
8,550 
5,635 
Creditors: amounts falling due after more than one year
(6,272)
(9,552)
Net assets/(liabilities)
2,278 
(3,917)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
2,276 
(3,919)
Shareholders' funds
2,278 
(3,917)
For the year ending 31 December 2021 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 5 September 2022 and were signed on its behalf by
SK Browning Director Company Registration No. 05460233
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Keston Construction Limited Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Keston Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 05460233. The registered office is 15 The Dale, Keston, BR2 6HW.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The directors have reviewed future liabilities and available cash and conclude they will be able to pay liabilities as they fall due.
Covid-19
The company suffered a reduction in activity as a result of the pandemic. No staff were furloughed. The directors anticipate that activity in 2021 will improve.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
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:
Motor vehicles
25%
Fixtures & fittings
20%
Leased assets
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Keston Construction Limited Notes to the Accounts for the year ended 31 December 2021
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2021
63,511 
205 
7,785 
71,501 
Additions
- 
- 
229 
229 
At 31 December 2021
63,511 
205 
8,014 
71,730 
Depreciation
At 1 January 2021
50,768 
82 
5,263 
56,113 
Charge for the year
4,249 
31 
631 
4,911 
At 31 December 2021
55,017 
113 
5,894 
61,024 
Net book value
At 31 December 2021
8,494 
92 
2,120 
10,706 
At 31 December 2020
12,743 
123 
2,522 
15,388 
2021 
2020 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
8,494 
12,743 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
115,044 
26,042 
Accrued income and prepayments
- 
18,137 
Other debtors
2 
2 
115,046 
44,181 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
50,380 
51,548 
VAT
11,211 
9,222 
Obligations under finance leases and hire purchase contracts
3,280 
3,280 
Trade creditors
26,338 
18,362 
Taxes and social security
26,766 
22,331 
Loans from directors
2,400 
(23,158)
Accruals
1,000 
980 
121,375 
82,565 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Obligations under finance leases and hire purchase contracts
6,272 
9,552 
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Keston Construction Limited Notes to the Accounts for the year ended 31 December 2021
8
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan
22,000 
- 
22,000 
- 
Overpaid dividend
579 
- 
579 
- 
Overpaid Dividend
579 
- 
579 
- 
23,158 
- 
23,158 
- 
The directors incorrectly calculated the final dividend and overpaid a total of £1,158. This was repaid by 1 May 2021. In December 2020 the company loaned £28,000 to one of the directors. £6,000 was repaid before the year end, the balance was repaid by 28 January 2021.
10
Transactions with related parties
The company was contracted to work for one of the directors. At the year end the balance included within trade debtors was £94,369.07. This was paid in full by 31 March 2022, in accordance with the company's normal terms of business.
11
Average number of employees
During the year the average number of employees was 2 (2020: 2).
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