Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01No description of principal activityfalse1717truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03339955 2022-04-01 2023-03-31 03339955 2021-04-01 2022-03-31 03339955 2023-03-31 03339955 2022-03-31 03339955 2021-04-01 03339955 2 2021-04-01 2022-03-31 03339955 d:Director1 2022-04-01 2023-03-31 03339955 e:PlantMachinery 2022-04-01 2023-03-31 03339955 e:PlantMachinery 2023-03-31 03339955 e:PlantMachinery 2022-03-31 03339955 e:PlantMachinery e:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03339955 e:PlantMachinery e:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 03339955 e:MotorVehicles 2022-04-01 2023-03-31 03339955 e:MotorVehicles 2023-03-31 03339955 e:MotorVehicles 2022-03-31 03339955 e:MotorVehicles e:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03339955 e:MotorVehicles e:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 03339955 e:OfficeEquipment 2022-04-01 2023-03-31 03339955 e:OfficeEquipment 2023-03-31 03339955 e:OfficeEquipment 2022-03-31 03339955 e:OfficeEquipment e:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03339955 e:OfficeEquipment e:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 03339955 e:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03339955 e:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 03339955 e:Goodwill 2023-03-31 03339955 e:Goodwill 2022-03-31 03339955 e:CurrentFinancialInstruments 2023-03-31 03339955 e:CurrentFinancialInstruments 2022-03-31 03339955 e:Non-currentFinancialInstruments 2023-03-31 03339955 e:Non-currentFinancialInstruments 2022-03-31 03339955 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 03339955 e:CurrentFinancialInstruments e:WithinOneYear 2022-03-31 03339955 e:Non-currentFinancialInstruments e:AfterOneYear 2023-03-31 03339955 e:Non-currentFinancialInstruments e:AfterOneYear 2022-03-31 03339955 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2023-03-31 03339955 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2022-03-31 03339955 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2023-03-31 03339955 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2022-03-31 03339955 e:ShareCapital 2022-04-01 2023-03-31 03339955 e:ShareCapital 2023-03-31 03339955 e:ShareCapital 2021-04-01 2022-03-31 03339955 e:ShareCapital 2022-03-31 03339955 e:ShareCapital 2021-04-01 03339955 e:CapitalRedemptionReserve 2022-04-01 2023-03-31 03339955 e:CapitalRedemptionReserve 2023-03-31 03339955 e:CapitalRedemptionReserve 2021-04-01 2022-03-31 03339955 e:CapitalRedemptionReserve 2022-03-31 03339955 e:CapitalRedemptionReserve 2021-04-01 03339955 e:CapitalRedemptionReserve 2 2021-04-01 2022-03-31 03339955 e:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 03339955 e:RetainedEarningsAccumulatedLosses 2023-03-31 03339955 e:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 03339955 e:RetainedEarningsAccumulatedLosses 2022-03-31 03339955 e:RetainedEarningsAccumulatedLosses 2021-04-01 03339955 e:RetainedEarningsAccumulatedLosses 2 2021-04-01 2022-03-31 03339955 d:OrdinaryShareClass1 2022-04-01 2023-03-31 03339955 d:OrdinaryShareClass1 2023-03-31 03339955 d:OrdinaryShareClass1 2022-03-31 03339955 d:OrdinaryShareClass2 2022-04-01 2023-03-31 03339955 d:OrdinaryShareClass2 2023-03-31 03339955 d:OrdinaryShareClass2 2022-03-31 03339955 d:FRS102 2022-04-01 2023-03-31 03339955 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 03339955 d:FullAccounts 2022-04-01 2023-03-31 03339955 d:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03339955 2 2022-04-01 2023-03-31 03339955 e:MotorVehicles e:LeasedAssetsHeldAsLessee 2023-03-31 03339955 e:MotorVehicles e:LeasedAssetsHeldAsLessee 2022-03-31 03339955 e:LeasedAssetsHeldAsLessee 2023-03-31 03339955 e:LeasedAssetsHeldAsLessee 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 03339955


KAVBRO BUILD LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2023




 
KAVBRO BUILD LIMITED
REGISTERED NUMBER: 03339955

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
108,304
96,194

  
108,304
96,194

Current assets
  

Stocks
 6 
55,000
45,000

Debtors
 7 
286,965
360,889

Cash at bank and in hand
  
17,046
35,393

  
359,011
441,282

Creditors: amounts falling due within one year
 8 
(228,232)
(308,137)

Net current assets
  
 
 
130,779
 
 
133,145

Total assets less current liabilities
  
239,083
229,339

Creditors: amounts falling due after more than one year
 9 
(39,138)
(57,457)

  

Net assets
  
199,945
171,882


Capital and reserves
  

Called up share capital 
 11 
11,000
11,000

Capital redemption reserve
  
3,000
3,000

Profit and loss account
  
185,945
157,882

  
199,945
171,882


Page 1

 
KAVBRO BUILD LIMITED
REGISTERED NUMBER: 03339955
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 November 2023.







M J P Kavanagh
Director

The notes on pages 5 to 15 form part of these financial statements.

Page 2

 
KAVBRO BUILD LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 April 2022
11,000
3,000
157,882
171,882


Comprehensive income for the year

Profit for the year

-
-
28,063
28,063


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
28,063
28,063


Total transactions with owners
-
-
-
-


At 31 March 2023
11,000
3,000
185,945
199,945


The notes on pages 5 to 15 form part of these financial statements.

Page 3

 
KAVBRO BUILD LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2022


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 April 2021
14,000
-
185,246
199,246


Comprehensive income for the year

Loss for the year

-
-
(2,364)
(2,364)


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
(2,364)
(2,364)


Contributions by and distributions to owners

Purchase of own shares
-
3,000
-
3,000

Shares redeemed during the year
(3,000)
-
-
(3,000)

Other movement type 1
-
-
(25,000)
(25,000)


Total transactions with owners
(3,000)
3,000
(25,000)
(25,000)


At 31 March 2022
11,000
3,000
157,882
171,882


The notes on pages 5 to 15 form part of these financial statements.

Page 4

 
KAVBRO BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 5

 
KAVBRO BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.Accounting policies (continued)

 
1.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure.

 
1.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
1.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
1.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Page 6

 
KAVBRO BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.Accounting policies (continued)

 
1.10

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
1.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
1.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 7

 
KAVBRO BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.Accounting policies (continued)

 
1.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.16

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary
Page 8

 
KAVBRO BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.Accounting policies (continued)


1.16
Financial instruments (continued)

course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


2.


General information

The company is a private limited company incorporated in England and Wales. Its principal place of
business is situated at Unit S Lambs Buisness Park, Tilburstow Hill, South Godstone, Surrey RH9 8LJ.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
1
1



Other
16
16

17
17

Page 9

 
KAVBRO BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
12,000



At 31 March 2023

12,000



Amortisation


At 1 April 2022
12,000



At 31 March 2023

12,000



Net book value



At 31 March 2023
-



At 31 March 2022
-



Page 10

 
KAVBRO BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Plant & machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
241,504
113,719
37,119
392,342


Additions
21,855
24,200
4,610
50,665


Disposals
(13,800)
-
-
(13,800)



At 31 March 2023

249,559
137,919
41,729
429,207



Depreciation


At 1 April 2022
200,886
61,733
33,528
296,147


Charge for the year on owned assets
15,004
7,340
2,050
24,394


Charge for the year on financed assets
-
11,706
-
11,706


Disposals
(11,344)
-
-
(11,344)



At 31 March 2023

204,546
80,779
35,578
320,903



Net book value



At 31 March 2023
45,013
57,140
6,151
108,304



At 31 March 2022
40,618
51,986
3,590
96,194

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
35,119
29,625

35,119
29,625

Page 11

 
KAVBRO BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Stocks

2023
2022
£
£

Finished goods and goods for resale
55,000
45,000

55,000
45,000



7.


Debtors

2023
2022
£
£



Trade debtors
273,266
344,162

Other debtors
1,163
2,620

Prepayments and accrued income
12,536
14,107

286,965
360,889


Page 12

 
KAVBRO BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
115,542
202,450

Corporation tax
27
-

Other taxation and social security
58,416
45,942

Obligations under finance lease and hire purchase contracts
13,977
6,237

Other creditors
37,074
33,474

Accruals and deferred income
3,196
20,034

228,232
308,137


The following liabilities were secured:

2023
2022
£
£



Obligations under finance lease and hire purchase contracts
13,977
6,237

13,977
6,237

Details of security provided:

The obligations under finance lease and hire purchase contracts are secured on the motor vehicles and plant to which they relate.

Page 13

 
KAVBRO BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
27,576
40,303

Net obligations under finance leases and hire purchase contracts
11,562
17,154

39,138
57,457


The following liabilities were secured:

2023
2022
£
£



Net obligations under finance leases and hire purchase contracts
11,562
17,154

11,562
17,154

Details of security provided:

The obligations under finance lease and hire purchase contracts are secured on the motor vehicles and plant to which they relate.


10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£


Amounts falling due 1-2 years

Bank loans
12,727
12,727


12,727
12,727

Amounts falling due 2-5 years

Bank loans
14,849
27,576


14,849
27,576


27,576
40,303


Page 14

 
KAVBRO BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



9,000 (2022 - 9,000) Ordinary A shares of £1.00 each
9,000
9,000
2,000 (2022 - 2,000) Ordinary B shares of £1.00 each
2,000
2,000

11,000

11,000



12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £12,596 (2022 - £12,411).

 
Page 15