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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
Page
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KFS Civil Engineering Ltd Company Information for the year ended 31 July 2023
Director
Kevin Sheeran
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
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KFS Civil Engineering Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,273 
3,796 
Current assets
Debtors
8,841 
7,564 
Cash at bank and in hand
4,465 
1,321 
13,306 
8,885 
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
Deferred tax
- 
(677)
Net assets/(liabilities)
525 
(1,400)
Capital and reserves
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
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KFS Civil Engineering Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
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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 
Additions
- 
- 
295 
295 
At 31 July 2023
1,150 
4,750 
845 
6,745 
Depreciation
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 
Net book value
At 31 July 2023
379 
2,432 
462 
3,273 
At 31 July 2022
474 
3,040 
282 
3,796 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
3,956 
3,818 
Amounts falling due after more than one year
Other debtors
4,885 
3,746 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,600 
2,600 
Trade creditors
663 
474 
Taxes and social security
3,161 
- 
Accruals
474 
- 
Deferred income
3,956 
- 
10,854 
3,074 
BB Loan repayable within 12mths £13,000 divided by 5yrs = £2,600
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
5,200 
8,016 
Taxes and social security
- 
2,314 
5,200 
10,330 
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
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KFS Civil Engineering Ltd Notes to the Accounts for the year ended 31 July 2023
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
- 
677 
2023 
2022 
£ 
£ 
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.
9
Share capital
2023 
2022 
£ 
£ 
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).
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