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REGISTERED NUMBER: 03567885 (England and Wales)
























Financial Statements

for the Year Ended 31 May 2023

for

Kafften Refurbishment Limited

Kafften Refurbishment Limited (Registered number: 03567885)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kafften Refurbishment Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Ms G J Peardon
R Wilders



REGISTERED OFFICE: Berkley Lodge
Tilbury Road
Great Yeldham
Halstead
Essex
CO9 4JG



REGISTERED NUMBER: 03567885 (England and Wales)



ACCOUNTANTS: Baverstocks Group Limited
140 Rayne Road
Braintree
Essex
CM7 2QR



BANKERS: National Westminster Bank PLC
Colchester Commercial Office
National Westminster House
100 The Crescent
Colchester Business Park
Colchester
CO4 4YQ

Kafften Refurbishment Limited (Registered number: 03567885)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,294 9,196

CURRENT ASSETS
Debtors 5 449,940 353,151
Cash at bank 788,211 774,510
1,238,151 1,127,661
CREDITORS
Amounts falling due within one year 6 508,087 400,242
NET CURRENT ASSETS 730,064 727,419
TOTAL ASSETS LESS CURRENT
LIABILITIES

738,358

736,615

PROVISIONS FOR LIABILITIES 2,074 1,747
NET ASSETS 736,284 734,868

CAPITAL AND RESERVES
Called up share capital 22,702 22,702
Share premium 33,003 33,003
Retained earnings 680,579 679,163
SHAREHOLDERS' FUNDS 736,284 734,868

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Kafften Refurbishment Limited (Registered number: 03567885)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 2 January 2024 and were signed on its behalf by:





Ms G J Peardon - Director


Kafften Refurbishment Limited (Registered number: 03567885)

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

1. STATUTORY INFORMATION

Kafften Refurbishment 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 based on invoiced work done during the year, as adjusted by recoverable retentions and amounts recoverable on contracts, net of value added tax as applicable.

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, fittings & equipment - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Long-term contracts
Long-term contract work in progress is shown at net cost after deducting losses and payments on account. Turnover on long-term contracts is determined on the basis of the proportion of work completed at the year end to the total contract value. Operating profit includes attributable profit on long-term contracts. Amounts recoverable on contracts are included under debtors due within one year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

Kafften Refurbishment Limited (Registered number: 03567885)

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

4. TANGIBLE FIXED ASSETS
Fixtures,
Plant and fittings Computer
machinery & equipment equipment Totals
£    £    £    £   
COST
At 1 June 2022 18,810 1,673 12,485 32,968
Additions 587 - 1,280 1,867
At 31 May 2023 19,397 1,673 13,765 34,835
DEPRECIATION
At 1 June 2022 13,288 1,607 8,877 23,772
Charge for year 1,531 16 1,222 2,769
At 31 May 2023 14,819 1,623 10,099 26,541
NET BOOK VALUE
At 31 May 2023 4,578 50 3,666 8,294
At 31 May 2022 5,522 66 3,608 9,196

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 635 -
Retentions held 51,487 32,100
Recoverable on contracts 350,384 277,321
In A/C : Sabre Tools & Plant Hire Limited 10,043 9,196
Other debtors 25,464 10,166
Tax 4,755 16,490
Prepayments 7,172 7,878
449,940 353,151

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 312,750 223,258
Tax 344 4,699
Social security and other taxes 4,776 5,347
Other creditors 3,547 -
In A/C: Kafften Holdings Ltd 173,484 153,907
In A/C : Kafften Concrete
Repairs Limited 8,586 8,586
Accrued expenses 4,600 4,445
508,087 400,242

7. SECURED DEBTS

The Company's Bankers, National Westminster Bank PLC, hold an unscheduled mortgage debenture dated 12 February 2002 incorporating a fixed and floating charge over all current and future assets of the company.

Kafften Refurbishment Limited (Registered number: 03567885)

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

8. RELATED PARTY DISCLOSURES

During the year there has been trading between this company and its fellow subsidiary companies as follows:

Sabre Tools & Plant Hire Limited made sales to Kafften Refurbishment Limited amounting to £255,000. There is a trade creditor of £55,000 due to Sabre Tools & Plant Hire Limited shown within creditors due within one year.

Kafften Concrete Repairs Limited made sales to Kafften Refurbishment Limited amounting to £655,000. There is a trade creditor of £190,000 due to Kafften Concrete Repairs Limited shown within creditors due within one year.

Kafften Refurbishment Limited has incurred administrative overheads that are joint costs of Sabre Tools & Plant Hire Limited, Kafften Concrete Repairs Limited and Kafften Refurbishment Limited. These costs have not been recharged by Kafften Refurbishment Limited.

There is an inter-company account balance shown within debtors due within one year due from Sabre Tools & Plant Hire Limited amounting to £10,043. No interest is charged on any outstanding account balance.

There is an inter-company account balance shown within creditors due within one year due to Kafften Holdings Limited amounting to £173,484. No interest is charged on any outstanding account balance.

There is an inter-company account balance shown within creditors due within one year due to Kafften
Concrete Repairs Limited amounting to £8,586. No interest is charged on any outstanding account balance.