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REGISTERED NUMBER: 10647031 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

KSG CONSTRUCTION LIMITED

KSG CONSTRUCTION LIMITED (REGISTERED NUMBER: 10647031)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KSG CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M B Drabble
D M Morrison





REGISTERED OFFICE: South Stour Offices
Roman Road
Mersham
Ashford
Kent
TN25 7HS





BUSINESS ADDRESS: Unit 1
The Greens Business Centre
Cheesemans Green, Mersham
Ashford
Kent
TN25 7HY





REGISTERED NUMBER: 10647031 (England and Wales)





ACCOUNTANTS: Cassidys Chartered Accountants
South Stour Offices
Roman Road
Mersham
Ashford
Kent
TN25 7HS

KSG CONSTRUCTION LIMITED (REGISTERED NUMBER: 10647031)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 141,042 99,384

CURRENT ASSETS
Stocks 69,076 36,288
Debtors 5 419,184 295,908
Cash at bank and in hand 957 286
489,217 332,482
CREDITORS
Amounts falling due within one year 6 361,682 284,802
NET CURRENT ASSETS 127,535 47,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

268,577

147,064

CREDITORS
Amounts falling due after more than one year 7 (62,975 ) (45,562 )

PROVISIONS FOR LIABILITIES (26,599 ) (18,640 )
NET ASSETS 179,003 82,862

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 178,803 82,662
SHAREHOLDERS' FUNDS 179,003 82,862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

KSG CONSTRUCTION LIMITED (REGISTERED NUMBER: 10647031)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by:




M B Drabble - Director



D M Morrison - Director


KSG CONSTRUCTION LIMITED (REGISTERED NUMBER: 10647031)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

KSG Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

KSG CONSTRUCTION LIMITED (REGISTERED NUMBER: 10647031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 208,073
Additions 76,922
At 31 March 2023 284,995
DEPRECIATION
At 1 April 2022 108,689
Charge for year 35,264
At 31 March 2023 143,953
NET BOOK VALUE
At 31 March 2023 141,042
At 31 March 2022 99,384

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 325,887 278,755
Other debtors 93,297 17,153
419,184 295,908

KSG CONSTRUCTION LIMITED (REGISTERED NUMBER: 10647031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 9,963 21,390
Hire purchase contracts 20,605 9,888
Trade creditors 193,958 177,354
Taxation and social security 56,801 37,090
Other creditors 80,355 39,080
361,682 284,802

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 21,704 32,024
Hire purchase contracts 41,271 13,538
62,975 45,562

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
200 Ordinary £1 200 200

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
D M Morrison
Balance outstanding at start of year 1,893 14,950
Amounts advanced 3,269 1,893
Amounts repaid (1,893 ) (14,950 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,269 1,893

The overdrawn directors loan account has been repaid within 9 months of the year end.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £68,499 (2022 - £63,060) were paid to the directors .

KSG CONSTRUCTION LIMITED (REGISTERED NUMBER: 10647031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


10. RELATED PARTY DISCLOSURES - continued

M B Drabble - Director and shareholder

As at the balance sheet date, the company owed M Drabble £18,218 (2022: £24,676).

D M Morrison - Director and shareholder

As at the balance sheet date, the company was owed by D Morrison £3,269 (2022: £1,893).