Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11912194 Mr Kevin Mullis Mrs Leanne Mullis Mrs Leanne Mullis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11912194 2023-03-31 11912194 2024-03-31 11912194 2023-04-01 2024-03-31 11912194 frs-core:CurrentFinancialInstruments 2024-03-31 11912194 frs-core:Non-currentFinancialInstruments 2024-03-31 11912194 frs-core:BetweenOneFiveYears 2024-03-31 11912194 frs-core:ComputerEquipment 2024-03-31 11912194 frs-core:ComputerEquipment 2023-04-01 2024-03-31 11912194 frs-core:ComputerEquipment 2023-03-31 11912194 frs-core:FurnitureFittings 2024-03-31 11912194 frs-core:FurnitureFittings 2023-04-01 2024-03-31 11912194 frs-core:FurnitureFittings 2023-03-31 11912194 frs-core:MotorVehicles 2024-03-31 11912194 frs-core:MotorVehicles 2023-04-01 2024-03-31 11912194 frs-core:MotorVehicles 2023-03-31 11912194 frs-core:PlantMachinery 2024-03-31 11912194 frs-core:PlantMachinery 2023-04-01 2024-03-31 11912194 frs-core:PlantMachinery 2023-03-31 11912194 frs-core:WithinOneYear 2024-03-31 11912194 frs-core:ShareCapital 2024-03-31 11912194 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11912194 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11912194 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11912194 frs-bus:SmallEntities 2023-04-01 2024-03-31 11912194 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11912194 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11912194 frs-bus:Director1 2023-04-01 2024-03-31 11912194 frs-bus:Director2 2023-04-01 2024-03-31 11912194 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 11912194 frs-core:CurrentFinancialInstruments 1 2024-03-31 11912194 frs-countries:EnglandWales 2023-04-01 2024-03-31 11912194 2022-03-31 11912194 2023-03-31 11912194 2022-04-01 2023-03-31 11912194 frs-core:CurrentFinancialInstruments 2023-03-31 11912194 frs-core:Non-currentFinancialInstruments 2023-03-31 11912194 frs-core:BetweenOneFiveYears 2023-03-31 11912194 frs-core:WithinOneYear 2023-03-31 11912194 frs-core:ShareCapital 2023-03-31 11912194 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 11912194 frs-core:CurrentFinancialInstruments 1 2023-03-31 11912194 frs-core:CurrentFinancialInstruments 2 2023-03-31 11912194 frs-core:CurrentFinancialInstruments 3 2023-03-31
Registered number: 11912194
K L & Sons Building Services Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
PAH Accounting
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of K L & Sons Building Services Ltd for the year ended 31 March 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of K L & Sons Building Services Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of K L & Sons Building Services Ltd , as a body, in accordance with the terms of our engagement letter dated 16 January 2019. Our work has been undertaken solely to prepare for your approval the accounts of K L & Sons Building Services Ltd and state those matters that we have agreed to state to the directors of K L & Sons Building Services Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than K L & Sons Building Services Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that K L & Sons Building Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of K L & Sons Building Services Ltd . You consider that K L & Sons Building Services Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of K L & Sons Building Services Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
PAH Accounting
8 August 2024
PAH Accounting
FCCA
Unit 2 The Pound
Coate
Devizes
SN10 3LG
Page 1
Page 2
Balance Sheet
Registered number: 11912194
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 80,315 96,957
80,315 96,957
CURRENT ASSETS
Stocks 5 10,580 10,580
Debtors 6 91,564 106,339
Cash at bank and in hand 27,209 55,295
129,353 172,214
Creditors: Amounts Falling Due Within One Year 7 (178,066 ) (131,551 )
NET CURRENT ASSETS (LIABILITIES) (48,713 ) 40,663
TOTAL ASSETS LESS CURRENT LIABILITIES 31,602 137,620
Creditors: Amounts Falling Due After More Than One Year 8 (71,880 ) (136,060 )
NET (LIABILITIES)/ASSETS (40,278 ) 1,560
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (40,378 ) 1,460
SHAREHOLDERS' FUNDS (40,278) 1,560
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For the year ending 31 March 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Leanne Mullis
Director
8 August 2024
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
K L & Sons Building Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11912194 . The registered office is Unit 2b, Phase V, Hopton Industrial Estate, Hopton Road, Devizes, Wiltshire, SN10 2EU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 20% Reducing balance
Computer Equipment 33% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 70,756 86,662 1,785 10,435 169,638
Additions 903 - - 1,209 2,112
As at 31 March 2024 71,659 86,662 1,785 11,644 171,750
Depreciation
As at 1 April 2023 37,383 27,731 706 6,861 72,681
Provided during the period 2,569 14,733 148 1,304 18,754
As at 31 March 2024 39,952 42,464 854 8,165 91,435
Net Book Value
As at 31 March 2024 31,707 44,198 931 3,479 80,315
As at 1 April 2023 33,373 58,931 1,079 3,574 96,957
5. Stocks
2024 2023
£ £
Stock 10,580 10,580
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Page 6
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,688 4,868
Amounts recoverable on contracts 50,000 63,868
Prepayments and accrued income 5,929 9,219
Other debtors 3,000 -
Tenance Deposits - 3,000
Directors' loan accounts 18,744 19,569
90,361 100,524
Due after more than one year
Amounts owed by group undertakings 1,203 5,815
91,564 106,339
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 18,637 19,836
Trade creditors 27,353 29,706
Bank loans and overdrafts 73,841 50,438
Corporation tax 29,972 2,038
Other taxes and social security 5,954 5,386
VAT 20,686 19,017
Other creditors - 1,000
Pension liabilities 773 644
Invoice financing - 1,486
Deposits taken - 1,000
Accruals and deferred income 850 1,000
178,066 131,551
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 52,384 77,622
Bank loans 19,496 58,438
71,880 136,060
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 18,637 19,836
Later than one year and not later than five years 52,384 77,622
71,021 97,458
71,021 97,458
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10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 115,400 83,380
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