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Company Registration No. 07684088 (England and Wales)
KORE CONSTRUCTION (SOUTH WEST) LTD Unaudited accounts for the year ended 30 June 2023
KORE CONSTRUCTION (SOUTH WEST) LTD Unaudited accounts Contents
Page
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KORE CONSTRUCTION (SOUTH WEST) LTD Company Information for the year ended 30 June 2023
Directors
David Kellaway Sharon Kellaway
Company Number
07684088 (England and Wales)
Registered Office
LUDWELL RISE COLE ROAD BRUTON BA10 0DD ENGLAND
Accountants
Nicola Renny ACMA, CGMA 10 Brue Lands Bruton BA10 0HX
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KORE CONSTRUCTION (SOUTH WEST) LTD Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
177,915 
199,226 
Current assets
Debtors
48,073 
67,068 
Cash at bank and in hand
29,531 
734 
77,604 
67,802 
Creditors: amounts falling due within one year
(80,032)
(60,660)
Net current (liabilities)/assets
(2,428)
7,142 
Total assets less current liabilities
175,487 
206,368 
Creditors: amounts falling due after more than one year
(57,950)
(61,601)
Provisions for liabilities
Deferred tax
(9,386)
(9,386)
Net assets
108,151 
135,381 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
108,051 
135,281 
Shareholders' funds
108,151 
135,381 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by
David Kellaway Director Company Registration No. 07684088
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KORE CONSTRUCTION (SOUTH WEST) LTD Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
KORE CONSTRUCTION (SOUTH WEST) LTD is a private company, limited by shares, registered in England and Wales, registration number 07684088. The registered office is LUDWELL RISE, COLE ROAD, BRUTON, BA10 0DD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is building construction work done to date net of VAT.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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KORE CONSTRUCTION (SOUTH WEST) LTD Notes to the Accounts for the year ended 30 June 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2022
50,000 
At 30 June 2023
50,000 
Amortisation
At 1 July 2022
50,000 
At 30 June 2023
50,000 
Net book value
At 30 June 2023
- 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 July 2022
108,830 
133,417 
151,904 
158 
10,358 
404,667 
Additions
- 
1,717 
- 
- 
- 
1,717 
At 30 June 2023
108,830 
135,134 
151,904 
158 
10,358 
406,384 
Depreciation
At 1 July 2022
- 
78,246 
119,498 
146 
7,551 
205,441 
Charge for the year
- 
14,222 
8,101 
3 
702 
23,028 
At 30 June 2023
- 
92,468 
127,599 
149 
8,253 
228,469 
Net book value
At 30 June 2023
108,830 
42,666 
24,305 
9 
2,105 
177,915 
At 30 June 2022
108,830 
55,171 
32,406 
12 
2,807 
199,226 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
15 
- 
Trade debtors
(5,192)
32,656 
Other debtors
53,250 
34,412 
48,073 
67,068 
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KORE CONSTRUCTION (SOUTH WEST) LTD Notes to the Accounts for the year ended 30 June 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
8,293 
VAT
7,329 
1,109 
Trade creditors
12,442 
1,786 
Taxes and social security
57,608 
47,104 
Other creditors
1,447 
1,487 
Loans from directors
656 
46 
Accruals
550 
835 
80,032 
60,660 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
57,950 
61,601 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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