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REGISTERED NUMBER: 01751939 (England and Wales)












Unaudited Financial Statements for the Year Ended 30 November 2023

for

K.M. Beesley (Construction Services)
Ltd

K.M. Beesley (Construction Services)
Ltd (Registered number: 01751939)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


K.M. Beesley (Construction Services)
Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr K M Beesley
Mrs KV Beesley
Mr W Beesley
Mr R K Beesley



SECRETARY: Mrs KV Beesley



REGISTERED OFFICE: 45 Wood Street
Ashby de la Zouch
Leicestershire
LE65 1EL



REGISTERED NUMBER: 01751939 (England and Wales)



ACCOUNTANTS: The Profit Key Limited
Prince William House
10 Lower Church Street
Ashby de la Zouch
Leicestershire
LE65 1AB



BANKERS: Yorkshire Bank
29 Horsefair Street
Leicester
LE1 5BL

K.M. Beesley (Construction Services)
Ltd (Registered number: 01751939)

Statement of Financial Position
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 120,320 139,548

CURRENT ASSETS
Stocks 1,966,234 1,639,189
Debtors 5 34,092 94,154
Cash at bank 143,645 18,988
2,143,971 1,752,331
CREDITORS
Amounts falling due within one year 6 1,283,355 1,067,494
NET CURRENT ASSETS 860,616 684,837
TOTAL ASSETS LESS CURRENT
LIABILITIES

980,936

824,385

PROVISIONS FOR LIABILITIES 22,861 26,514
NET ASSETS 958,075 797,871

CAPITAL AND RESERVES
Called up share capital 8 500 500
Retained earnings 957,575 797,371
SHAREHOLDERS' FUNDS 958,075 797,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

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.

K.M. Beesley (Construction Services)
Ltd (Registered number: 01751939)

Statement of Financial Position - continued
30 November 2023


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

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 22 August 2024 and were signed on its behalf by:





Mrs KV Beesley - Director


K.M. Beesley (Construction Services)
Ltd (Registered number: 01751939)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

K.M. Beesley (Construction Services) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

K.M. Beesley (Construction Services)
Ltd (Registered number: 01751939)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Loans from directors
Any loans from the Director's to the company are interest free and repayable on demand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 481,998 5,803 61,095 10,312 559,208
Additions 21,080 - - - 21,080
Disposals - - (4,700 ) - (4,700 )
At 30 November 2023 503,078 5,803 56,395 10,312 575,588
DEPRECIATION
At 1 December 2022 370,147 5,796 35,014 8,703 419,660
Charge for year 33,230 3 6,471 405 40,109
Eliminated on disposal - - (4,501 ) - (4,501 )
At 30 November 2023 403,377 5,799 36,984 9,108 455,268
NET BOOK VALUE
At 30 November 2023 99,701 4 19,411 1,204 120,320
At 30 November 2022 111,851 7 26,081 1,609 139,548

K.M. Beesley (Construction Services)
Ltd (Registered number: 01751939)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 December 2022 44,000
Transfer to ownership (44,000 )
At 30 November 2023 -
DEPRECIATION
At 1 December 2022 19,250
Transfer to ownership (19,250 )
At 30 November 2023 -
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 24,750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,219 80,189
VAT 21,452 9,088
Prepayments 5,421 4,877
34,092 94,154

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 5,500
Trade creditors 272,537 63,219
Tax 10,141 1,940
Social security and other taxes 876 541
Other creditors 304,672 171,454
Directors' current accounts 690,879 820,905
Accrued expenses 4,250 3,935
1,283,355 1,067,494

K.M. Beesley (Construction Services)
Ltd (Registered number: 01751939)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
400 Ordinary A - D £1 400 400
500 500