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REGISTERED NUMBER: 02571065 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

KINGSWOOD CONSTRUCTION SERVICES LIMITED

KINGSWOOD CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 02571065)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KINGSWOOD CONSTRUCTION SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: P B Jenkins





SECRETARY: Mrs L P Jenkins





REGISTERED OFFICE: Rosemodress Farmhouse
Rosemodress
St Buryan
PENZANCE
Cornwall
TR19 6BH





REGISTERED NUMBER: 02571065 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

KINGSWOOD CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 02571065)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,913,697 2,914,924

CURRENT ASSETS
Debtors 5 14,527 19,440
Cash at bank 498,200 568,937
512,727 588,377
CREDITORS
Amounts falling due within one year 6 230,627 311,940
NET CURRENT ASSETS 282,100 276,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,195,797

3,191,361

PROVISIONS FOR LIABILITIES 509,000 509,232
NET ASSETS 2,686,797 2,682,129

CAPITAL AND RESERVES
Called up share capital 7 2 2
Undistributable retained earnings 8 1,999,263 1,999,263
Retained earnings 8 687,532 682,864
SHAREHOLDERS' FUNDS 2,686,797 2,682,129

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 director acknowledges his 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.

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 director and authorised for issue on 14 October 2024 and were signed by:



P B Jenkins - Director


KINGSWOOD CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 02571065)

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

1. STATUTORY INFORMATION

Kingswood Construction Services 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.

The financial statements have been prepared on a going concern basis which assumes the continued support of its director and shareholders. They have indicated that the amounts due to them will not be withdrawn until such time as the company has liquid funds to make repayments. It is therefore appropriate for the accounts to be prepared on a going concern basis.

Turnover
Turnover represents the invoiced amount of goods sold and services provided, stated net of 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.
Investment properties - See below
Plant and equipment - 10% on cost

The company's freehold investment properties are included at fair value. Gains are recognised in the Income Statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The net gain is then transferred to the Undistributable retained earnings reserve.

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.

KINGSWOOD CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 02571065)

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

2. ACCOUNTING POLICIES - continued

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.

Pensions
The company operates a defined contribution pension scheme, the assets of which are held seperately from those of the company in a self administered scheme. Contributions payable for the year are charged to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Investment Plant and
properties equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 2,910,700 25,146 2,935,846
DEPRECIATION
At 1 April 2023 - 20,922 20,922
Charge for year - 1,227 1,227
At 31 March 2024 - 22,149 22,149
NET BOOK VALUE
At 31 March 2024 2,910,700 2,997 2,913,697
At 31 March 2023 2,910,700 4,224 2,914,924

The freehold investment properties were valued at fair value by the director.


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,454 10,872
Prepayments 9,073 8,568
14,527 19,440

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,463 904
Tax 6,958 46,652
Social security and other taxes 1,514 2,786
Other creditors and rents received in advance 30,227 27,422
Director and shareholder loan
account 189,465 234,176
230,627 311,940

KINGSWOOD CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 02571065)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

8. RESERVES
Undistributable
Retained retained
earnings earnings Totals
£    £    £   

At 1 April 2023 682,864 1,999,263 2,682,127
Profit for the year 28,668 28,668
Dividends (24,000 ) (24,000 )
At 31 March 2024 687,532 1,999,263 2,686,795