K Agricultural and Building Services Limited 12403119 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is agricultural and building services. Digita Accounts Production Advanced 6.30.9574.0 true true 12403119 2023-02-01 2024-01-31 12403119 2024-01-31 12403119 core:RetainedEarningsAccumulatedLosses 2024-01-31 12403119 core:ShareCapital 2024-01-31 12403119 core:CurrentFinancialInstruments 2024-01-31 12403119 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 12403119 bus:SmallEntities 2023-02-01 2024-01-31 12403119 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 12403119 bus:FullAccounts 2023-02-01 2024-01-31 12403119 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12403119 bus:RegisteredOffice 2023-02-01 2024-01-31 12403119 bus:Director1 2023-02-01 2024-01-31 12403119 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12403119 countries:AllCountries 2023-02-01 2024-01-31 12403119 2022-02-01 2023-01-31 12403119 2023-01-31 12403119 core:RetainedEarningsAccumulatedLosses 2023-01-31 12403119 core:ShareCapital 2023-01-31 12403119 core:CurrentFinancialInstruments 2023-01-31 12403119 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 12403119

K Agricultural and Building Services Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 January 2024

 

K Agricultural and Building Services Limited
(Registration number: 12403119)

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

K Agricultural and Building Services Limited
(Registration number: 12403119)

Company Information

Director

Mr I P Kerslake

Registered office

1 Colleton Crescent
Exeter
Devon
EX2 4DG

Accountants

Thompson Jenner LLP
Chartered Accountants
1 Colleton Crescent
Exeter
Devon
EX2 4DG

 

K Agricultural and Building Services Limited
(Registration number: 12403119)

Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

1,000

1,000

Debtors

5

152

738

Cash at bank and in hand

 

43,306

17,381

 

44,458

19,119

Creditors: Amounts falling due within one year

6

(45,000)

(20,000)

Net liabilities

 

(542)

(881)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(642)

(981)

Total equity

 

(542)

(881)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 31 October 2024
 

.........................................
Mr I P Kerslake
Director

 

K Agricultural and Building Services Limited
(Registration number: 12403119)

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
1 Colleton Crescent
Exeter
Devon
EX2 4DG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The director has ackowledged the negative reserves at the balance sheet date and pledged to continue to support the company so it can meet its obligations as they arise. Therefore the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

K Agricultural and Building Services Limited
(Registration number: 12403119)

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Stocks

2024
£

2023
£

Other stocks

1,000

1,000

 

K Agricultural and Building Services Limited
(Registration number: 12403119)

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

5

Debtors

Note

2024
£

2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

100

100

Other debtors

 

52

638

Total current trade and other debtors

 

152

738

6

Creditors

2024
£

2023
£

Due within one year

Other creditors

45,000

20,000