Registered number
12248824
K&M Constructive Limited
Filleted Accounts
31 October 2023
K&M Constructive Limited
Registered number: 12248824
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 23,048 28,377
Current assets
Stocks 2,500 -
Cash at bank and in hand 3,609 4,868
6,109 4,868
Creditors: amounts falling due within one year 4 (18,955) (6,020)
Net current liabilities (12,846) (1,152)
Total assets less current liabilities 10,202 27,225
Creditors: amounts falling due after more than one year 5 (45,609) (49,897)
Net liabilities (35,407) (22,672)
Capital and reserves
Called up share capital 100 100
Profit and loss account (35,507) (22,772)
Shareholders' funds (35,407) (22,672)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kashif Nadeem
Director
Approved by the board on 15 October 2024
K&M Constructive Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance
Motor vehicles 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2022 27,250 15,661 42,911
Additions 433 - 433
At 31 October 2023 27,683 15,661 43,344
Depreciation
At 1 November 2022 11,114 3,420 14,534
Charge for the year 3,314 2,448 5,762
At 31 October 2023 14,428 5,868 20,296
Net book value
At 31 October 2023 13,255 9,793 23,048
At 31 October 2022 16,136 12,241 28,377
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,280 4,309
Taxation and social security costs 5,330 (168)
Director's account 346 479
Other creditors 10,999 1,400
18,955 6,020
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 45,609 49,897
6 Other information
K&M Constructive Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 12 Cobham Business Centre
Cobham Road
Birmingham
B9 4UP
7 Going concern
The financial statements have been prepared on the basis that the company is a going concern and that the directors will continue to support the company.
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