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Company Registration No. 08483974 (England and Wales)
K I Groundworks Limited Unaudited accounts for the year ended 30 April 2024
K I Groundworks Limited Unaudited accounts Contents
Page
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K I Groundworks Limited Company Information for the year ended 30 April 2024
Director
Kevin Irish
Company Number
08483974 (England and Wales)
Registered Office
28 Kingrove Crescent Chipping Sodbury Bristol BS37 6DG
Accountants
Colin Packham 34 Quarry Road Alveston Bristol BS35 3JJ
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K I Groundworks Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
50,412 
27,300 
Current assets
Debtors
1,016 
11,345 
Cash at bank and in hand
- 
6,085 
1,016 
17,430 
Creditors: amounts falling due within one year
(32,000)
(44,240)
Net current liabilities
(30,984)
(26,810)
Net assets
19,428 
490 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
19,328 
390 
Shareholders' funds
19,428 
490 
For the year ending 30 April 2024 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 director acknowledges his 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 and authorised for issue on 11 July 2024 and were signed on its behalf by
Kevin Irish Director Company Registration No. 08483974
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K I Groundworks Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
K I Groundworks Limited is a private company, limited by shares, registered in England and Wales, registration number 08483974. The registered office is 28 Kingrove Crescent, Chipping Sodbury, Bristol, BS37 6DG.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15%
Motor vehicles
20%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
15,000 
At 30 April 2024
15,000 
Amortisation
At 1 May 2023
15,000 
At 30 April 2024
15,000 
Net book value
At 30 April 2024
- 
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K I Groundworks Limited Notes to the Accounts for the year ended 30 April 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2023
86,088 
13,117 
368 
99,573 
Additions
32,107 
- 
- 
32,107 
At 30 April 2024
118,195 
13,117 
368 
131,680 
Depreciation
At 1 May 2023
60,456 
11,637 
180 
72,273 
Charge for the year
8,661 
296 
38 
8,995 
At 30 April 2024
69,117 
11,933 
218 
81,268 
Net book value
At 30 April 2024
49,078 
1,184 
150 
50,412 
At 30 April 2023
25,632 
1,480 
188 
27,300 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
6,009 
Amounts falling due after more than one year
Other debtors
1,016 
5,336 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
221 
- 
Loans from directors
31,779 
44,240 
32,000 
44,240 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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