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
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
KORE CONSTRUCTION (SOUTH WEST) LTD
Statement of financial position
as at 30 June 2023
Tangible assets
177,915
199,226
Cash at bank and in hand
29,531
734
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
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
KORE CONSTRUCTION (SOUTH WEST) LTD
Notes to the Accounts
for the year ended 30 June 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is building construction work done to date net of VAT.
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 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.
KORE CONSTRUCTION (SOUTH WEST) LTD
Notes to the Accounts
for the year ended 30 June 2023
4
Intangible fixed assets
Goodwill
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
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
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
Amounts falling due within one year
Trade debtors
(5,192)
32,656
Other debtors
53,250
34,412
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
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
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).