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
K I Groundworks Limited
Company Information
for the year ended 30 April 2024
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
K I Groundworks Limited
Statement of financial position
as at 30 April 2024
Tangible assets
50,412
27,300
Cash at bank and in hand
-
6,085
Creditors: amounts falling due within one year
(32,000)
(44,240)
Net current liabilities
(30,984)
(26,810)
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
K I Groundworks Limited
Notes to the Accounts
for the year ended 30 April 2024
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.
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 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:
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
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
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
At 30 April 2024
49,078
1,184
150
50,412
At 30 April 2023
25,632
1,480
188
27,300
Amounts falling due within one year
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
221
-
Loans from directors
31,779
44,240
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 2 (2023: 2).