IRIS Accounts Production v23.3.0.418 07054627 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070546272022-03-31070546272023-03-31070546272022-04-012023-03-31070546272021-03-31070546272021-04-012022-03-31070546272022-03-3107054627ns10:Originalns15:EnglandWales2022-04-012023-03-3107054627ns14:PoundSterlingns10:Original2022-04-012023-03-3107054627ns10:Originalns10:Director12022-04-012023-03-3107054627ns10:Original2022-04-012023-03-3107054627ns10:Original2023-03-3107054627ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3107054627ns10:Originalns10:SmallEntities2022-04-012023-03-3107054627ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3107054627ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3107054627ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3107054627ns10:Originalns10:FullAccounts2022-04-012023-03-3107054627ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3107054627ns10:Originalns10:OrdinaryShareClass22022-04-012023-03-3107054627ns10:Originalns10:RegisteredOffice2022-04-012023-03-3107054627ns10:Original2022-03-3107054627ns10:Originalns5:CurrentFinancialInstruments2023-03-3107054627ns10:Originalns5:CurrentFinancialInstruments2022-03-3107054627ns5:ShareCapitalns10:Original2023-03-3107054627ns5:ShareCapitalns10:Original2022-03-3107054627ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3107054627ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3107054627ns10:Originalns5:PlantMachinery2022-04-012023-03-3107054627ns10:Originalns5:FurnitureFittings2022-04-012023-03-3107054627ns10:Originalns5:ComputerEquipment2022-04-012023-03-3107054627ns10:Original2021-04-012022-03-3107054627ns10:Originalns5:PlantMachinery2022-03-3107054627ns10:Originalns5:FurnitureFittings2022-03-3107054627ns10:Originalns5:ComputerEquipment2022-03-3107054627ns10:Original2022-03-3107054627ns10:Originalns5:PlantMachinery2023-03-3107054627ns10:Originalns5:FurnitureFittings2023-03-3107054627ns10:Originalns5:ComputerEquipment2023-03-3107054627ns10:Originalns5:PlantMachinery2022-03-3107054627ns10:Originalns5:FurnitureFittings2022-03-3107054627ns10:Originalns5:ComputerEquipment2022-03-3107054627ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107054627ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3107054627ns10:Originalns10:OrdinaryShareClass12023-03-3107054627ns10:Originalns10:OrdinaryShareClass22023-03-3107054627ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3107054627ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 07054627 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2023

for

Kore Construction Limited

Kore Construction Limited (Registered number: 07054627)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kore Construction Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr Mark Paul Bodey





REGISTERED OFFICE: Hanham Hall
Whittucks Road
Hanham
Bristol
City of Bristol
BS15 3FR





REGISTERED NUMBER: 07054627 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Kore Construction Limited (Registered number: 07054627)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 18,806

CURRENT ASSETS
Debtors 5 1,441,238 1,268,252
Cash at bank 103,486 177,902
1,544,724 1,446,154
CREDITORS
Amounts falling due within one year 6 919,059 1,057,304
NET CURRENT ASSETS 625,665 388,850
TOTAL ASSETS LESS CURRENT LIABILITIES 625,665 407,656

PROVISIONS FOR LIABILITIES - 2,420
NET ASSETS 625,665 405,236

CAPITAL AND RESERVES
Called up share capital 7 101 101
Retained earnings 8 625,564 405,135
SHAREHOLDERS' FUNDS 625,665 405,236

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 director acknowledges his 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.

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 director and authorised for issue on 10 November 2023 and were signed by:





Mr Mark Paul Bodey - Director


Kore Construction Limited (Registered number: 07054627)

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

1. STATUTORY INFORMATION

Kore 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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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 14 (2022 - 14 ) .

Kore Construction Limited (Registered number: 07054627)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 14,950 7,381 4,350 26,681
Additions 3,500 283 3,966 7,749
Disposals 4,965 5,919 2,371 13,255
At 31 March 2023 23,415 13,583 10,687 47,685
DEPRECIATION
At 1 April 2022 1,267 5,431 1,177 7,875
Charge for year 3,698 489 1,194 5,381
Eliminated on disposal 18,450 7,663 8,316 34,429
At 31 March 2023 23,415 13,583 10,687 47,685
NET BOOK VALUE
At 31 March 2023 - - - -
At 31 March 2022 13,683 1,950 3,173 18,806

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 1,218,024 993,065
Other debtors 179,427 196,828
VAT 35,264 69,113
Deferred tax asset 1,426 -
Prepayments 7,097 9,246
1,441,238 1,268,252

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 405,898 701,451
Tax 104,807 28,797
Social security and other taxes 24,470 35,377
Other creditors 380,595 207,313
Directors' current accounts 1,529 82,716
Accruals and deferred income 1,760 -
Accrued expenses - 1,650
919,059 1,057,304

Kore Construction Limited (Registered number: 07054627)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100
1 Ordinary C £1 1 1
101 101

8. RESERVES
Retained
earnings
£   

At 1 April 2022 405,135
Profit for the year 417,622
Dividends (197,193 )
At 31 March 2023 625,564

9. RELATED PARTY DISCLOSURES

All related party transactions took place at an arms length basis.

As at 31/03/2023, £179,211 (2022: £193,647) was owed from Kore Property Rentals Limited.

As at 31/03/2023, £379,459 (2022: £178,479) was owed to Kore Plant Limited.