REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 May 2023 |
for |
Kafften Refurbishment Limited |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
140 Rayne Road |
Braintree |
Essex |
CM7 2QR |
BANKERS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery | - |
Fixtures, fittings & equipment | - |
Computer equipment | - |
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 |
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 |
Additions |
At 31 May 2023 |
DEPRECIATION |
At 1 June 2022 |
Charge for year |
At 31 May 2023 |
NET BOOK VALUE |
At 31 May 2023 |
At 31 May 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Retentions held |
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 |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Tax |
Social security and other taxes |
Other creditors |
In A/C: Kafften Holdings Ltd | 173,484 | 153,907 |
In A/C : Kafften Concrete |
Repairs Limited | 8,586 | 8,586 |
Accrued expenses |
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. |