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REGISTERED NUMBER: 10872628 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

NK BUILDING CONTRACTORS (B'HAM) LTD

NK BUILDING CONTRACTORS (B'HAM) LTD (REGISTERED NUMBER: 10872628)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NK BUILDING CONTRACTORS (B'HAM) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr Neeraj Bir





REGISTERED OFFICE: 62 Sabell Road
Smethwick
West Midlands
B67 7PN





REGISTERED NUMBER: 10872628 (England and Wales)






NK BUILDING CONTRACTORS (B'HAM) LTD (REGISTERED NUMBER: 10872628)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 307,669 214,586

CURRENT ASSETS
Stocks 67,550 32,500
Debtors 4 486 38,510
Cash at bank 78,944 50,071
146,980 121,081
CREDITORS
Amounts falling due within one year 5 247,003 272,143
NET CURRENT LIABILITIES (100,023 ) (151,062 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

207,646

63,524

CREDITORS
Amounts falling due after more than one
year

6

153,996

39,413
NET ASSETS 53,650 24,111

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 53,649 24,110
53,650 24,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

NK BUILDING CONTRACTORS (B'HAM) LTD (REGISTERED NUMBER: 10872628)

BALANCE SHEET - continued
31 JULY 2023


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 5 January 2024 and were signed by:





Mr Neeraj Bir - Director


NK BUILDING CONTRACTORS (B'HAM) LTD (REGISTERED NUMBER: 10872628)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 7 ) .

NK BUILDING CONTRACTORS (B'HAM) LTD (REGISTERED NUMBER: 10872628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


3. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 August 2022 283,333
Additions 170,000
At 31 July 2023 453,333
DEPRECIATION
At 1 August 2022 68,747
Charge for year 76,917
At 31 July 2023 145,664
NET BOOK VALUE
At 31 July 2023 307,669
At 31 July 2022 214,586

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 486 5,731
VAT - 32,779
486 38,510

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 17,112 51,360
Tax - 10,255
Social security and other taxes (274 ) 2,094
Net wages 42,146 22,981
Pension Control - (85 )
VAT 40,146 -
Directors' current accounts 144,263 183,928
Accrued expenses 3,610 1,610
247,003 272,143

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 124,583 -
Bounce Back Loan 29,413 39,413
153,996 39,413