KINGS HEATH DEMOLITION LIMITED

Company Registration Number:
10055378 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2022

Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

KINGS HEATH DEMOLITION LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2022

Balance sheet
Notes

KINGS HEATH DEMOLITION LIMITED

Balance sheet

As at 31 March 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 405,122 528,406
Total fixed assets: 405,122 528,406
Current assets
Debtors:   1,009,855 929,121
Cash at bank and in hand: 61,031 146,151
Total current assets: 1,070,886 1,075,272
Creditors: amounts falling due within one year: 4 (368,158) (384,634)
Net current assets (liabilities): 702,728 690,638
Total assets less current liabilities: 1,107,850 1,219,044
Creditors: amounts falling due after more than one year: 5 (375,589) (469,017)
Provision for liabilities: (32,556) (32,556)
Total net assets (liabilities): 699,705 717,471
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 699,605 717,371
Shareholders funds: 699,705 717,471

The notes form part of these financial statements

KINGS HEATH DEMOLITION LIMITED

Balance sheet statements

For the year ending 31 March 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 September 2022
and signed on behalf of the board by:

Name: J A Smith
Status: Director

The notes form part of these financial statements

KINGS HEATH DEMOLITION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows

Other accounting policies

Debtors : Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.Creditors :Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.Taxation :A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.Provisions : Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.Pension : Contributions to defined contribution plans are expensed in the period to which they relate.

KINGS HEATH DEMOLITION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

2. Employees

2022 2021
Average number of employees during the period 15 9

KINGS HEATH DEMOLITION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

3. Tangible Assets

Total
Cost £
At 01 April 2021 793,945
Additions 6,616
Disposals (69,700)
At 31 March 2022 730,861
Depreciation
At 01 April 2021 265,539
Charge for year 109,375
On disposals (49,175)
At 31 March 2022 325,739
Net book value
At 31 March 2022 405,122
At 31 March 2021 528,406

KINGS HEATH DEMOLITION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

4. Creditors: amounts falling due within one year note

£368,158

KINGS HEATH DEMOLITION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

5. Creditors: amounts falling due after more than one year note

£375,589