Company Registration No. 10871816 (England and Wales)
KFS Civil Engineering Ltd
Unaudited accounts
for the year ended 31 July 2023
KFS Civil Engineering Ltd
Unaudited accounts
Contents
KFS Civil Engineering Ltd
Company Information
for the year ended 31 July 2023
Company Number
10871816 (England and Wales)
Registered Office
112-113 High Street
Lincoln
LN5 7PY
UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
KFS Civil Engineering Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
3,273
3,796
Cash at bank and in hand
4,465
1,321
Creditors: amounts falling due within one year
(10,854)
(3,074)
Net current assets
2,452
5,811
Total assets less current liabilities
5,725
9,607
Creditors: amounts falling due after more than one year
(5,200)
(10,330)
Provisions for liabilities
Net assets/(liabilities)
525
(1,400)
Called up share capital
10
10
Profit and loss account
515
(1,410)
Shareholders' funds
525
(1,400)
For the year ending 31 July 2023 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 director acknowledges his 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 and authorised for issue on 17 October 2023 and were signed on its behalf by
Kevin Sheeran
Director
Company Registration No. 10871816
KFS Civil Engineering Ltd
Notes to the Accounts
for the year ended 31 July 2023
KFS Civil Engineering Ltd is a private company, limited by shares, registered in England and Wales, registration number 10871816. The registered office is 112-113 High Street, Lincoln, LN5 7PY, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Computer equipment
20% Reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
KFS Civil Engineering Ltd
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
1,150
4,750
550
6,450
At 31 July 2023
1,150
4,750
845
6,745
At 1 August 2022
676
1,710
268
2,654
Charge for the year
95
608
115
818
At 31 July 2023
771
2,318
383
3,472
At 31 July 2023
379
2,432
462
3,273
At 31 July 2022
474
3,040
282
3,796
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,600
2,600
Taxes and social security
3,161
-
BB Loan repayable within 12mths
£13,000 divided by 5yrs = £2,600
7
Creditors: amounts falling due after more than one year
2023
2022
Taxes and social security
-
2,314
This represents the portion of the bounce back loan some £5,200 that becomes due after 12 months prior to the current reporting period and beyond.
Year 2. £2,600
Year 3. £2,600
KFS Civil Engineering Ltd
Notes to the Accounts
for the year ended 31 July 2023
8
Deferred taxation
2023
2022
Accelerated capital allowances
-
677
Provision at start of year
677
677
Credited to the profit and loss account
(677)
-
Provision at end of year
-
677
A reversal of (£677) being the deferred tax liability to date has been includedin these statements.
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).