BrightAccountsProduction v1.0.0 v1.0.0 2022-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The company's principal activity during the year continued to be construction and civil engineering. 14 March 2024 6 6 NI606493 2023-03-31 NI606493 2022-03-31 NI606493 2021-03-31 NI606493 2022-04-01 2023-03-31 NI606493 2021-04-01 2022-03-31 NI606493 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 NI606493 uk-curr:PoundSterling 2022-04-01 2023-03-31 NI606493 uk-bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 NI606493 uk-bus:AbridgedAccounts 2022-04-01 2023-03-31 NI606493 uk-core:ShareCapital 2023-03-31 NI606493 uk-core:ShareCapital 2022-03-31 NI606493 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI606493 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 NI606493 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI606493 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-03-31 NI606493 uk-bus:FRS102 2022-04-01 2023-03-31 NI606493 uk-core:PlantMachinery 2022-04-01 2023-03-31 NI606493 2022-04-01 2023-03-31 NI606493 uk-bus:Director1 2022-04-01 2023-03-31 NI606493 uk-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI606493
 
 
KPF Building & Civil Engineering Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 March 2023
KPF Building & Civil Engineering Ltd
Company Registration Number: NI606493
ABRIDGED BALANCE SHEET
as at 31 March 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 5 75,108 139,462
───────── ─────────
 
Current Assets
Stocks 16,850 71,489
Debtors 95,373 38,456
Cash and cash equivalents 260 1,472
───────── ─────────
112,483 111,417
───────── ─────────
Creditors: amounts falling due within one year (194,729) (226,688)
───────── ─────────
Net Current Liabilities (82,246) (115,271)
───────── ─────────
Total Assets less Current Liabilities (7,138) 24,191
 
Creditors:
amounts falling due after more than one year (148,745) (191,207)
───────── ─────────
Net Liabilities (155,883) (167,016)
═════════ ═════════
 
Capital and Reserves
Called up share capital 1 1
Retained earnings (155,884) (167,017)
───────── ─────────
Shareholders' Deficit (155,883) (167,016)
═════════ ═════════
 
The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 14 March 2024
           
           
________________________________          
Mr. Michael Ferrity          
Director          
           



KPF Building & Civil Engineering Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 March 2023

   
1. General Information
 
KPF Building & Civil Engineering Ltd is a company limited by shares incorporated in Northern Ireland. 16 Cairn Road, Omagh, Co. Tyrone, BT79 0LG, United Kingdom is the registered office, which is also the principal place of business of the company . The company's principal activity during the year continued to be construction and civil engineering.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Related parties
For the purposes of these financial statements a party is considered to be related to the company if:
 
the party has the ability, directly or indirectly, through one or more intermediaries to control the company or exercise significant influence over the company in making financial and operating policy decisions or has joint control over the company;
the company and the party are subject to common control;
the party is an associate of the company or forms part of a joint venture with the company;
the party is a member of key management personnel of the company or the company's parent, or a close family member of such as an individual, or is an entity under the control, joint control or significant influence of such individuals;
the party is a close family member of a party referred to above or is an entity under the control or significant influence of such individuals; or
the party is a post-employment benefit plan which is for the benefit of employees of the company or of any entity that is a related party of the company.
 
Close family members of an individual are those family members who may be expected to influence, or be influenced by, that individual in their dealings with the company.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Going concern
 
The company returned to profitability during the accounting period having suffered significant losses in prior years. The director envisages that the company will remain profitable and over a number of years will return to a healthy net asset basis. Therefore, the director feels it is appropriate to produce the accounts as a going concern.
       
4. Employees
 
The average monthly number of employees, including director, during the financial year was 6, (2022 - 6).
 
  2023 2022
  Number Number
 
Administrative and direct 6 6
  ═════════ ═════════
       
5. Tangible assets
  Plant and Total
  machinery  
     
  £ £
Cost
At 1 April 2022 639,454 639,454
  ───────── ─────────
 
At 31 March 2023 639,454 639,454
  ───────── ─────────
Depreciation
At 1 April 2022 499,992 499,992
Charge for the financial year 64,354 64,354
  ───────── ─────────
At 31 March 2023 564,346 564,346
  ───────── ─────────
Net book value
At 31 March 2023 75,108 75,108
  ═════════ ═════════
At 31 March 2022 139,462 139,462
  ═════════ ═════════
       
6. Details of creditors
 
Security given in respect of creditors
Northern Bank Limited hold a fixed and floating charge over the company assets.
       
7. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 March 2023.
   
8. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.