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REGISTERED NUMBER: 13294367 (England and Wales)















KPM CONTRACTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






KPM CONTRACTING LIMITED (REGISTERED NUMBER: 13294367)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KPM CONTRACTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr M B Munnelly
Mr K F Munnelly
Mr P O'Curraoin





REGISTERED OFFICE: 15 High Street
Brackley
Northamptonshire
NN13 7DH





REGISTERED NUMBER: 13294367 (England and Wales)





ACCOUNTANTS: Blencowes
15 High Street
Brackley
Northamptonshire
NN13 7DH

KPM CONTRACTING LIMITED (REGISTERED NUMBER: 13294367)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 481,094 63,695

CURRENT ASSETS
Stocks 10,288 15,520
Debtors 5 3,369,691 1,734,502
Cash at bank and in hand 627,300 1,040,904
4,007,279 2,790,926
CREDITORS
Amounts falling due within one year 6 2,030,445 1,445,741
NET CURRENT ASSETS 1,976,834 1,345,185
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,457,928

1,408,880

CREDITORS
Amounts falling due after more than one year 7 (258,721 ) -

PROVISIONS FOR LIABILITIES 8 (120,274 ) (15,924 )
NET ASSETS 2,078,933 1,392,956

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 2,078,733 1,392,756
SHAREHOLDERS' FUNDS 2,078,933 1,392,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

KPM CONTRACTING LIMITED (REGISTERED NUMBER: 13294367)

BALANCE SHEET - continued
31 MARCH 2024


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 30 August 2024 and were signed on its behalf by:





Mr K F Munnelly - Director


KPM CONTRACTING LIMITED (REGISTERED NUMBER: 13294367)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

KPM Contracting Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue recognition
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and revenue can be reliably measured. Revenue is measured as the fair value of consideration receivable, excluding discounts, rebates and value added tax.

The following conditions must apply before revenue can be recognised:

Contract revenue recognition
Where the outcome of a contract can be reliably estimated, revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date. This is normally measured by the proportion that the contract costs incurred for work performed to date.

Variations in contract work, claims and incentive payments are included to the extent that the amount can be reliably measured and it's receipt is considered probable.Where the outcome of the contact cannot be estimated reliably, contract revenue is recognised to the extent of the contract costs incurred where it is probable, they will be recovered. Contact costs are recognised as an expense immediately.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Commercial vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stock
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in, first out (FIFO) method.

The cost of finished goods and amounts recoverable on contracts comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised in profit or loss.


KPM CONTRACTING LIMITED (REGISTERED NUMBER: 13294367)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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 balance sheet date.

Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Leases are classified as finance lease whenever the terms of the lease transfer substantially all the risks and rewards of ownership of the lease.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of minimum lease payments. These assets are depreciated on a straight line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

KPM CONTRACTING LIMITED (REGISTERED NUMBER: 13294367)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Commercial Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 11,614 5,897 64,797 6,767 89,075
Additions 410,364 9,441 47,395 8,781 475,981
At 31 March 2024 421,978 15,338 112,192 15,548 565,056
DEPRECIATION
At 1 April 2023 3,623 1,409 18,349 1,999 25,380
Charge for year 33,468 1,891 20,424 2,799 58,582
At 31 March 2024 37,091 3,300 38,773 4,798 83,962
NET BOOK VALUE
At 31 March 2024 384,887 12,038 73,419 10,750 481,094
At 31 March 2023 7,991 4,488 46,448 4,768 63,695

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 592,381 334,642
Amounts recoverable on contract 1,953,065 1,210,999
Other debtors 470,462 118,912
Directors' current accounts 5,659 -
VAT 343,699 66,312
Prepayments and accrued income 4,425 3,637
3,369,691 1,734,502

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 95,673 391
Trade creditors 1,109,831 705,931
Tax 165,049 234,295
Social security and other taxes 80,318 70,574
Other creditors 15,118 39,341
Directors' current accounts 564 983
Accrued expenses 563,892 394,226
2,030,445 1,445,741

KPM CONTRACTING LIMITED (REGISTERED NUMBER: 13294367)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 258,721 -

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 120,274 15,924

Deferred
tax
£   
Balance at 1 April 2023 15,924
Accelerated capital allowances 104,350
Balance at 31 March 2024 120,274

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
180 Ordinary share capital £1 180 180
20 Ordinary "A" share capital £1 20 20
200 200