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REGISTERED NUMBER: 10647031 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

KSG CONSTRUCTION LIMITED

KSG CONSTRUCTION LIMITED (REGISTERED NUMBER: 10647031)

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


KSG CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M B Drabble
D M Morrison





REGISTERED OFFICE: South Stour Offices
Roman Road
Mersham
Ashford
Kent
TN25 7HS





REGISTERED NUMBER: 10647031 (England and Wales)





ACCOUNTANTS: Cassidys Chartered Accountants
South Stour Offices
South Stour Road
Mersham
Ashford
Kent
TN25 7HS

KSG CONSTRUCTION LIMITED (REGISTERED NUMBER: 10647031)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 157,723 141,042

CURRENT ASSETS
Stocks 160,348 69,076
Debtors 5 622,772 419,184
Cash at bank and in hand 1,253 957
784,373 489,217
CREDITORS
Amounts falling due within one year 6 463,366 361,682
NET CURRENT ASSETS 321,007 127,535
TOTAL ASSETS LESS CURRENT
LIABILITIES

478,730

268,577

CREDITORS
Amounts falling due after more than one year 7 (72,529 ) (62,975 )

PROVISIONS FOR LIABILITIES (39,431 ) (26,599 )
NET ASSETS 366,770 179,003

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 366,570 178,803
SHAREHOLDERS' FUNDS 366,770 179,003

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.

KSG CONSTRUCTION LIMITED (REGISTERED NUMBER: 10647031)

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 9 October 2024 and were signed on its behalf by:




M B Drabble - Director



D M Morrison - Director


KSG CONSTRUCTION LIMITED (REGISTERED NUMBER: 10647031)

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


1. STATUTORY INFORMATION

KSG Construction 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

KSG CONSTRUCTION LIMITED (REGISTERED NUMBER: 10647031)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 284,995
Additions 75,058
Disposals (40,615 )
At 31 March 2024 319,438
DEPRECIATION
At 1 April 2023 143,953
Charge for year 39,438
Eliminated on disposal (21,676 )
At 31 March 2024 161,715
NET BOOK VALUE
At 31 March 2024 157,723
At 31 March 2023 141,042

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 393,282 325,887
Other debtors 229,490 93,297
622,772 419,184

KSG CONSTRUCTION LIMITED (REGISTERED NUMBER: 10647031)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 21,523 9,963
Hire purchase contracts 32,917 20,605
Trade creditors 202,273 193,958
Taxation and social security 165,353 56,801
Other creditors 41,300 80,355
463,366 361,682

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,558 21,704
Hire purchase contracts 60,971 41,271
72,529 62,975

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
200 Ordinary £1 200 200

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
D M Morrison
Balance outstanding at start of year 3,269 1,893
Amounts advanced 7,737 3,269
Amounts repaid (3,269 ) (1,893 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,737 3,269

KSG CONSTRUCTION LIMITED (REGISTERED NUMBER: 10647031)

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


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

M B Drabble
Balance outstanding at start of year - -
Amounts advanced 16,496 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,496 -

The overdrawn directors loan account has been repaid within 9 months of the year end.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £153,577 (2023 - £68,499) were paid to the directors .

M B Drabble - Director and shareholder

As at the balance sheet date, the company is owed by Mr Drabble £16,496 (2023: £18,218 owed to Mr Drabble).

D M Morrison - Director and shareholder

As at the balance sheet date, the company was owed by Mr Morrison £7,737 (2023: £3,269).