Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-31The principal activity of the Company during the year was that of general construction services and propertydevelopment.false2023-01-01false67trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11730301 2023-01-01 2023-12-31 11730301 2022-01-01 2022-12-31 11730301 2023-12-31 11730301 2022-12-31 11730301 2022-01-01 11730301 c:Director2 2023-01-01 2023-12-31 11730301 d:PlantMachinery 2023-01-01 2023-12-31 11730301 d:PlantMachinery 2023-12-31 11730301 d:PlantMachinery 2022-12-31 11730301 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11730301 d:MotorVehicles 2023-01-01 2023-12-31 11730301 d:MotorVehicles 2023-12-31 11730301 d:MotorVehicles 2022-12-31 11730301 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11730301 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11730301 d:Goodwill 2023-12-31 11730301 d:Goodwill 2022-12-31 11730301 d:CurrentFinancialInstruments 2023-12-31 11730301 d:CurrentFinancialInstruments 2022-12-31 11730301 d:Non-currentFinancialInstruments 2023-12-31 11730301 d:Non-currentFinancialInstruments 2022-12-31 11730301 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11730301 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11730301 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11730301 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11730301 d:ShareCapital 2023-12-31 11730301 d:ShareCapital 2022-12-31 11730301 d:RetainedEarningsAccumulatedLosses 2023-12-31 11730301 d:RetainedEarningsAccumulatedLosses 2022-12-31 11730301 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 11730301 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 11730301 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 11730301 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 11730301 c:OrdinaryShareClass1 2023-01-01 2023-12-31 11730301 c:OrdinaryShareClass1 2023-12-31 11730301 c:OrdinaryShareClass1 2022-12-31 11730301 c:OrdinaryShareClass2 2023-01-01 2023-12-31 11730301 c:OrdinaryShareClass2 2023-12-31 11730301 c:OrdinaryShareClass2 2022-12-31 11730301 c:OrdinaryShareClass3 2023-01-01 2023-12-31 11730301 c:OrdinaryShareClass3 2023-12-31 11730301 c:OrdinaryShareClass3 2022-12-31 11730301 c:OrdinaryShareClass4 2023-01-01 2023-12-31 11730301 c:OrdinaryShareClass4 2023-12-31 11730301 c:OrdinaryShareClass4 2022-12-31 11730301 c:OrdinaryShareClass5 2023-01-01 2023-12-31 11730301 c:OrdinaryShareClass5 2023-12-31 11730301 c:OrdinaryShareClass5 2022-12-31 11730301 c:FRS102 2023-01-01 2023-12-31 11730301 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11730301 c:FullAccounts 2023-01-01 2023-12-31 11730301 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11730301 2 2023-01-01 2023-12-31 11730301 d:Goodwill d:OwnedIntangibleAssets 2023-01-01 2023-12-31 11730301 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11730301









KH CONSTRUCTION (CAMBRIDGE) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
KH CONSTRUCTION (CAMBRIDGE) LIMITED
REGISTERED NUMBER: 11730301

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Intangible assets
 4 
416,833
498,833

Tangible assets
 5 
6,515
25,432

  
423,348
524,265

CURRENT ASSETS
  

Stocks
 6 
45,000
525,000

Debtors: amounts falling due within one year
 7 
540,654
73,768

Cash at bank and in hand
  
7,881
14,553

  
593,535
613,321

Creditors: amounts falling due within one year
 8 
(477,413)
(622,616)

NET CURRENT ASSETS/(LIABILITIES)
  
 
 
116,122
 
 
(9,295)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
539,470
514,970

Creditors: amounts falling due after more than one year
 9 
(15,000)
(25,000)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 10 
(606)
(5,118)

  
 
 
(606)
 
 
(5,118)

NET ASSETS
  
523,864
484,852


CAPITAL AND RESERVES
  

Called up share capital 
 11 
100
100

Profit and loss account
  
523,764
484,752

  
523,864
484,852


Page 1

 
KH CONSTRUCTION (CAMBRIDGE) LIMITED
REGISTERED NUMBER: 11730301
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




I K Kingsley
Director

Date: 5 April 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
KH CONSTRUCTION (CAMBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


GENERAL INFORMATION

KH Construction (Cambridge) Limited is a private company limited by shares and incorporated in England
and Wales. Its registered office is 31 Godwin Way, Cambridge, United Kingdom, CB1 8QW.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover comprises revenue recognised by the Company in respect of construction services during the year, exclusive of Value Added Tax. Turnover is recognised as the fair value of the consideration received or receivable based on the stage of completion of the project.

 
2.3

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
KH CONSTRUCTION (CAMBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

INTANGIBLE ASSETS

GOODWILL
Goodwill represents the difference between amounts paid on the cost of a business combination and
the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the
date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated
amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the
Statement of Income and Retained Earnings over its useful economic life of 10 years.

 
2.9

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
KH CONSTRUCTION (CAMBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)


2.9
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
5 years straight-line
Motor vehicles
-
3 years straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

STOCKS

Stocks comprise work-in-progress capitalised and carried forward under ongoing contracts.

 
2.11

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
KH CONSTRUCTION (CAMBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.15

DIVIDENDS

Equity dividends are recognised when they become legally payable.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 6 (2022 - 7).


4.


INTANGIBLE ASSETS




Goodwill

£



COST


At 1 January 2023
820,000



At 31 December 2023

820,000



AMORTISATION


At 1 January 2023
321,167


Charge for the year on owned assets
82,000



At 31 December 2023

403,167



NET BOOK VALUE



At 31 December 2023
416,833



At 31 December 2022
498,833



Page 6

 
KH CONSTRUCTION (CAMBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


TANGIBLE FIXED ASSETS





Plant and machinery
Motor vehicles
Total

£
£
£



COST OR VALUATION


At 1 January 2023
39,273
37,903
77,176



At 31 December 2023

39,273
37,903
77,176



DEPRECIATION


At 1 January 2023
24,904
26,840
51,744


Charge for the year on owned assets
7,855
11,062
18,917



At 31 December 2023

32,759
37,902
70,661



NET BOOK VALUE



At 31 December 2023
6,514
1
6,515



At 31 December 2022
14,369
11,063
25,432


6.


STOCKS

2023
2022
£
£

Work in progress
45,000
525,000



7.


DEBTORS

2023
2022
£
£


Trade debtors
3,810
24,240

Other debtors
533,776
43,276

Prepayments and accrued income
3,068
6,252

540,654
73,768


Page 7

 
KH CONSTRUCTION (CAMBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
115,637
134,535

Corporation tax
88,248
144,481

Other taxation and social security
33,679
17,852

Other creditors
225,724
311,998

Accruals and deferred income
4,125
3,750

477,413
622,616


Included within other creditors is a year end pension liability of £550 (2022 - £679) which is comprised of the pension contributions due for the month ending December 2023.
Bank loans due within one year relates to a liability under the Bounce Back Loan Scheme, which was taken out in June 2020. Interest is charged at 2.5%.


9.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Bank loans
15,000
25,000


Bank loans due after one year relates to a liability under the Bounce Back Loan Scheme, which was taken out in June 2020. Interest is charged at 2.5%.


10.


DEFERRED TAXATION




2023
2022


£

£






At beginning of year
(5,118)
(9,894)


Credit to profit or loss
4,512
4,776



AT END OF YEAR
(606)
(5,118)

Page 8

 
KH CONSTRUCTION (CAMBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
 
10.DEFERRED TAXATION (CONTINUED)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(699)
(5,225)

Short term timing differences
93
107

(606)
(5,118)


11.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



28 (2022 - 28) Ordinary A shares of £1.00 each
28
28
50 (2022 - 50) Ordinary B shares of £1.00 each
50
50
20 (2022 - 20) Ordinary C shares of £1.00 each
20
20
1 (2022 - 1) Ordinary D share of £1.00
1
1
1 (2022 - 1) Ordinary E share of £1.00
1
1

100

100


 
Page 9