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Company Registration No. 12508649 (England and Wales)
K.M.S BRICKLAYING AND GROUNDWORKS LTD Unaudited accounts for the year ended 31 December 2023
K.M.S BRICKLAYING AND GROUNDWORKS LTD Unaudited accounts Contents
Page
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K.M.S BRICKLAYING AND GROUNDWORKS LTD Company Information for the year ended 31 December 2023
Directors
Matthew Lockey Leanne Lockey
Company Number
12508649 (England and Wales)
Registered Office
9 CRICKLADE ROAD HIGHWORTH SWINDON SN6 7BW UNITED KINGDOM
Accountants
J JENKIN & ASSOCIATES LIMITED POST OFFICE VAULTS 4 MARKET PLACE WANTAGE OXFORDSHIRE OX12 8AT
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K.M.S BRICKLAYING AND GROUNDWORKS LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
239,087 
84,034 
Current assets
Debtors
298,834 
292,520 
Cash at bank and in hand
47,145 
(4,569)
345,979 
287,951 
Creditors: amounts falling due within one year
(70,035)
(85,600)
Net current assets
275,944 
202,351 
Total assets less current liabilities
515,031 
286,385 
Creditors: amounts falling due after more than one year
(56,177)
(1,764)
Provisions for liabilities
Deferred tax
(36,040)
(15,967)
Net assets
422,814 
268,654 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
422,812 
268,652 
Shareholders' funds
422,814 
268,654 
For the year ending 31 December 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 8 August 2024 and were signed on its behalf by
Leanne Lockey Director Company Registration No. 12508649
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K.M.S BRICKLAYING AND GROUNDWORKS LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
K.M.S BRICKLAYING AND GROUNDWORKS LTD is a private company, limited by shares, registered in England and Wales, registration number 12508649. The registered office is 9 CRICKLADE ROAD, HIGHWORTH, SWINDON, SN6 7BW, UNITED KINGDOM.
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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
33% 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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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K.M.S BRICKLAYING AND GROUNDWORKS LTD Notes to the Accounts for the year ended 31 December 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
19,588 
98,444 
877 
118,909 
Additions
120,539 
89,090 
3,575 
213,204 
Disposals
- 
(25,250)
- 
(25,250)
At 31 December 2023
140,127 
162,284 
4,452 
306,863 
Depreciation
At 1 January 2023
831 
33,810 
234 
34,875 
Charge for the year
17,838 
25,713 
396 
43,947 
On disposals
- 
(11,046)
- 
(11,046)
At 31 December 2023
18,669 
48,477 
630 
67,776 
Net book value
At 31 December 2023
121,458 
113,807 
3,822 
239,087 
At 31 December 2022
18,757 
64,634 
643 
84,034 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
242,334 
189,261 
Other debtors
56,500 
103,259 
298,834 
292,520 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
(33,182)
(34,619)
Obligations under finance leases and hire purchase contracts
25,812 
5,340 
Trade creditors
13,709 
9,265 
Taxes and social security
58,752 
91,294 
Loans from directors
444 
9,820 
Accruals
4,500 
4,500 
70,035 
85,600 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
56,177 
1,764 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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