IRIS Accounts Production v24.3.0.553 03275853 Board of Directors Board of Directors Board of Directors 1.3.23 29.2.24 29.2.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh032758532023-02-28032758532024-02-29032758532023-03-012024-02-29032758532022-02-28032758532022-03-012023-02-28032758532023-02-2803275853ns15:EnglandWales2023-03-012024-02-2903275853ns14:PoundSterling2023-03-012024-02-2903275853ns10:Director12023-03-012024-02-2903275853ns10:Director22023-03-012024-02-2903275853ns10:Director32023-03-012024-02-2903275853ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2903275853ns10:SmallEntities2023-03-012024-02-2903275853ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2903275853ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2903275853ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2903275853ns10:FullAccounts2023-03-012024-02-290327585312023-03-012024-02-2903275853ns10:CompanySecretary12023-03-012024-02-2903275853ns10:RegisteredOffice2023-03-012024-02-2903275853ns5:CurrentFinancialInstruments2024-02-2903275853ns5:CurrentFinancialInstruments2023-02-2803275853ns5:Non-currentFinancialInstruments2024-02-2903275853ns5:Non-currentFinancialInstruments2023-02-2803275853ns5:ShareCapital2024-02-2903275853ns5:ShareCapital2023-02-2803275853ns5:RetainedEarningsAccumulatedLosses2024-02-2903275853ns5:RetainedEarningsAccumulatedLosses2023-02-2803275853ns5:NetGoodwill2023-03-012024-02-2903275853ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2903275853ns5:PlantMachinery2023-03-012024-02-2903275853ns5:MotorVehicles2023-03-012024-02-2903275853ns5:NetGoodwill2023-02-2803275853ns5:NetGoodwill2024-02-2903275853ns5:NetGoodwill2023-02-2803275853ns5:PlantMachinery2023-02-2803275853ns5:FurnitureFittings2023-02-2803275853ns5:MotorVehicles2023-02-2803275853ns5:ComputerEquipment2023-02-2803275853ns5:FurnitureFittings2023-03-012024-02-2903275853ns5:ComputerEquipment2023-03-012024-02-2903275853ns5:PlantMachinery2024-02-2903275853ns5:FurnitureFittings2024-02-2903275853ns5:MotorVehicles2024-02-2903275853ns5:ComputerEquipment2024-02-2903275853ns5:PlantMachinery2023-02-2803275853ns5:FurnitureFittings2023-02-2803275853ns5:MotorVehicles2023-02-2803275853ns5:ComputerEquipment2023-02-2803275853ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-02-2803275853ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-2803275853ns5:LeasedAssetsHeldAsLessee2023-02-2803275853ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-012024-02-2903275853ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-012024-02-2903275853ns5:LeasedAssetsHeldAsLessee2023-03-012024-02-2903275853ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-02-2903275853ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-02-2903275853ns5:LeasedAssetsHeldAsLessee2024-02-2903275853ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-02-2803275853ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-2803275853ns5:LeasedAssetsHeldAsLessee2023-02-2803275853ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2903275853ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-28
REGISTERED NUMBER: 03275853 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

KEMP ENGINEERING AND SURVEYING LTD.

KEMP ENGINEERING AND SURVEYING LTD. (REGISTERED NUMBER: 03275853)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEMP ENGINEERING AND SURVEYING LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: S A Kemp
Mrs E J Kemp
C M Hewitt





SECRETARY: Mrs E J Kemp





REGISTERED OFFICE: Datum House
8 Barncoose Business Park
Redruth
Cornwall
TR15 0QF





REGISTERED NUMBER: 03275853 (England and Wales)





ACCOUNTANTS: Whitakers
Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD

KEMP ENGINEERING AND SURVEYING LTD. (REGISTERED NUMBER: 03275853)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 610,983 451,849
610,983 451,849

CURRENT ASSETS
Stocks 50,000 142,725
Debtors 6 834,362 569,135
Cash at bank 218,385 181,223
1,102,747 893,083
CREDITORS
Amounts falling due within one year 7 442,155 443,246
NET CURRENT ASSETS 660,592 449,837
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,271,575

901,686

CREDITORS
Amounts falling due after more than one
year

8

(148,291

)

-

PROVISIONS FOR LIABILITIES (98,590 ) (44,509 )
NET ASSETS 1,024,694 857,177

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,024,692 857,175
SHAREHOLDERS' FUNDS 1,024,694 857,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

KEMP ENGINEERING AND SURVEYING LTD. (REGISTERED NUMBER: 03275853)

BALANCE SHEET - continued
29 FEBRUARY 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 4 November 2024 and were signed on its behalf by:




S A Kemp - Director C M Hewitt - Director




Mrs E J Kemp - Director


KEMP ENGINEERING AND SURVEYING LTD. (REGISTERED NUMBER: 03275853)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Kemp Engineering And Surveying 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 goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

KEMP ENGINEERING AND SURVEYING LTD. (REGISTERED NUMBER: 03275853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

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.

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 40 (2023 - 36 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 50,000
AMORTISATION
At 1 March 2023
and 29 February 2024 50,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 955,366 - 501,925 36,588 1,493,879
Additions 148,871 6,174 192,665 9,021 356,731
Disposals (12,700 ) - (35,755 ) - (48,455 )
At 29 February 2024 1,091,537 6,174 658,835 45,609 1,802,155
DEPRECIATION
At 1 March 2023 787,554 - 223,666 30,810 1,042,030
Charge for year 69,861 1,235 104,327 7,090 182,513
Eliminated on disposal (12,700 ) - (20,671 ) - (33,371 )
At 29 February 2024 844,715 1,235 307,322 37,900 1,191,172
NET BOOK VALUE
At 29 February 2024 246,822 4,939 351,513 7,709 610,983
At 28 February 2023 167,812 - 278,259 5,778 451,849

KEMP ENGINEERING AND SURVEYING LTD. (REGISTERED NUMBER: 03275853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023 76,109 254,157 330,266
Additions 51,983 167,265 219,248
Disposals - (35,755 ) (35,755 )
Transfer to ownership - (64,117 ) (64,117 )
At 29 February 2024 128,092 321,550 449,642
DEPRECIATION
At 1 March 2023 15,222 92,206 107,428
Charge for year 25,618 62,382 88,000
Eliminated on disposal - (20,671 ) (20,671 )
Transfer to ownership - (32,964 ) (32,964 )
At 29 February 2024 40,840 100,953 141,793
NET BOOK VALUE
At 29 February 2024 87,252 220,597 307,849
At 28 February 2023 60,887 161,951 222,838

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 547,789 294,148
Other debtors 281,090 270,504
Prepayments 5,483 4,483
834,362 569,135

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 78,080 168,557
Trade creditors 82,625 51,648
Other creditors 95,172 84,711
Tax 28,181 16,196
Social security and other taxes 153,069 99,922
Directors current account 2,849 20,474
Accrued expenses 2,179 1,738
442,155 443,246

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 148,291 -

KEMP ENGINEERING AND SURVEYING LTD. (REGISTERED NUMBER: 03275853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

9. RELATED PARTY

During the year rents totalling £79,800 (2023 - £55,800) were paid to a partnership in which the directors' Mr & Mrs Kemp are the sole partners.

Other debtors includes a loan that exists between the company and the partnership controlled by Mr and Mrs Kemp. As at 29th February 2024 the balance owing to the company was £276,590 (2023 - £270,504). Interest has been charged on the loan in the year of £6,086 (2023 - £5,304). The loan is repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S A Kemp.