KES Building Maintenance Limited 04165147 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of the provision of building and maintenance services Digita Accounts Production Advanced 6.30.9574.0 true true 04165147 2022-04-01 2023-03-31 04165147 2023-03-31 04165147 core:CurrentFinancialInstruments 2023-03-31 04165147 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04165147 core:Goodwill 2023-03-31 04165147 core:FurnitureFittingsToolsEquipment 2023-03-31 04165147 core:MotorVehicles 2023-03-31 04165147 bus:SmallEntities 2022-04-01 2023-03-31 04165147 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04165147 bus:FullAccounts 2022-04-01 2023-03-31 04165147 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 04165147 bus:RegisteredOffice 2022-04-01 2023-03-31 04165147 bus:Director1 2022-04-01 2023-03-31 04165147 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04165147 core:Goodwill 2022-04-01 2023-03-31 04165147 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 04165147 core:MotorVehicles 2022-04-01 2023-03-31 04165147 core:OfficeEquipment 2022-04-01 2023-03-31 04165147 core:PlantMachinery 2022-04-01 2023-03-31 04165147 countries:UnitedKingdom 2022-04-01 2023-03-31 04165147 2022-03-31 04165147 core:Goodwill 2022-03-31 04165147 core:FurnitureFittingsToolsEquipment 2022-03-31 04165147 core:MotorVehicles 2022-03-31 04165147 2021-04-01 2022-03-31 04165147 2022-03-31 04165147 core:CurrentFinancialInstruments 2022-03-31 04165147 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 04165147 core:FurnitureFittingsToolsEquipment 2022-03-31 04165147 core:MotorVehicles 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 04165147

KES Building Maintenance Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

KES Building Maintenance Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

KES Building Maintenance Limited

(Registration number: 04165147)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

11,406

18,821

Current assets

 

Stocks

6

25,640

42,777

Debtors

7

123,749

49,398

Cash at bank and in hand

 

233,192

183,651

 

382,581

275,826

Creditors: Amounts falling due within one year

8

(226,072)

(124,216)

Net current assets

 

156,509

151,610

Total assets less current liabilities

 

167,915

170,431

Provisions for liabilities

(2,852)

(3,576)

Net assets

 

165,063

166,855

Capital and reserves

 

Called up share capital

100

100

Retained earnings

164,963

166,755

Shareholders' funds

 

165,063

166,855

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 October 2023 and signed on its behalf by:
 

.........................................

Mr K D Sparkes
Director

 

KES Building Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital incorporated in United Kingdom and the company registration number is 04165147.

The address of its registered office is:
The Old Bakery
Sea Dyke Way
Grimsby
Lincs
DN36 5TZ

These financial statements were authorised for issue by the Board on 27 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

KES Building Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

15% straight line

Office equipment

20% & 33% straight line

Motor vehicles

25% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5% straight line basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

KES Building Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 7 (2022 - 6).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2022

80,000

80,000

At 31 March 2023

80,000

80,000

Amortisation

At 1 April 2022

80,000

80,000

At 31 March 2023

80,000

80,000

Carrying amount

At 31 March 2023

-

-

 

KES Building Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

5

Tangible assets

Office Equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

97,283

154,637

251,920

Revaluations

1,136

-

1,136

At 31 March 2023

98,419

154,637

253,056

Depreciation

At 1 April 2022

91,811

141,288

233,099

Charge for the year

2,269

6,282

8,551

At 31 March 2023

94,080

147,570

241,650

Carrying amount

At 31 March 2023

4,339

7,067

11,406

At 31 March 2022

5,472

13,349

18,821

6

Stocks

2023
£

2022
£

Work in progress

18,881

31,347

Finished goods and goods for resale

6,759

11,430

25,640

42,777

7

Debtors

Current

2023
£

2022
£

Trade debtors

120,263

46,903

Prepayments

3,486

2,495

 

123,749

49,398

 

KES Building Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

8,489

15,192

Trade creditors

 

128,517

44,222

Taxation and social security

 

38,501

25,609

Other creditors

 

35,451

24,845

Accruals and deferred income

 

15,114

14,348

 

226,072

124,216

9

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

8,489

15,192

10

Related party transactions

Transactions with Directors

Dividends paid to directors during the year total £96,000 (2022: £98,000)