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REGISTERED NUMBER: 07370880 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

KPS CONSTRUCTION LTD

KPS CONSTRUCTION LTD (REGISTERED NUMBER: 07370880)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KPS CONSTRUCTION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C J Kent
D E Kent





REGISTERED OFFICE: 2 The Drive
Windyridge
Dinas Powys
Vale of Glamorgan
CF64 4AX





REGISTERED NUMBER: 07370880 (England and Wales)





ACCOUNTANTS: DAVID WRIGHT ACCOUNTANTS LIMITED
Unit 10
Bridgend Business Park
Bennett Street
Bridgend
Glamorgan
CF31 3SH

KPS CONSTRUCTION LTD (REGISTERED NUMBER: 07370880)

BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,881 2,059

CURRENT ASSETS
Debtors 5 634,822 704,197
Investments 6 50 50
Cash at bank 31,045 115,837
665,917 820,084
CREDITORS
Amounts falling due within one year 7 159,527 289,135
NET CURRENT ASSETS 506,390 530,949
TOTAL ASSETS LESS CURRENT
LIABILITIES

530,271

533,008

CREDITORS
Amounts falling due after more than one year 8 (47,212 ) (31,343 )

PROVISIONS FOR LIABILITIES - (391 )
NET ASSETS 483,059 501,274

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 483,057 501,272
SHAREHOLDERS' FUNDS 483,059 501,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

KPS CONSTRUCTION LTD (REGISTERED NUMBER: 07370880)

BALANCE SHEET - continued
31 DECEMBER 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 24 September 2024 and were signed on its behalf by:




C J Kent - Director



D E Kent - Director


KPS CONSTRUCTION LTD (REGISTERED NUMBER: 07370880)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

KPS Construction 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 represents net invoiced sales of services, excluding value added tax.

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 etc - 33% on cost and 25% on cost

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 tax
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
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.

KPS CONSTRUCTION LTD (REGISTERED NUMBER: 07370880)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 7,806
Additions 26,750
At 31 December 2023 34,556
DEPRECIATION
At 1 January 2023 5,747
Charge for year 4,928
At 31 December 2023 10,675
NET BOOK VALUE
At 31 December 2023 23,881
At 31 December 2022 2,059

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 26,250
At 31 December 2023 26,250
DEPRECIATION
Charge for year 3,828
At 31 December 2023 3,828
NET BOOK VALUE
At 31 December 2023 22,422

KPS CONSTRUCTION LTD (REGISTERED NUMBER: 07370880)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors - 2,633
Amounts owed by group undertakings 304,130 394,084
Other debtors 330,692 307,480
634,822 704,197

6. CURRENT ASSET INVESTMENTS
31/12/23 31/12/22
£    £   
Shares in group undertakings 50 50

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 4,900 4,900
Hire purchase contracts 3,694 -
Trade creditors 32,299 671
Amounts owed to group undertakings 12,484 12,484
Taxation and social security 8,567 23,494
Other creditors 97,583 247,586
159,527 289,135

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Bank loans 26,443 31,343
Hire purchase contracts 20,769 -
47,212 31,343

KPS CONSTRUCTION LTD (REGISTERED NUMBER: 07370880)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31/12/23 31/12/22
£    £   
C J Kent
Balance outstanding at start of year (129,709 ) (247,581 )
Amounts advanced 177,453 117,872
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 47,744 (129,709 )