Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11167669 2023-04-01 2024-03-31 11167669 2022-04-01 2023-03-31 11167669 2024-03-31 11167669 2023-03-31 11167669 c:Director2 2023-04-01 2024-03-31 11167669 d:PlantMachinery 2023-04-01 2024-03-31 11167669 d:PlantMachinery 2024-03-31 11167669 d:PlantMachinery 2023-03-31 11167669 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11167669 d:MotorVehicles 2023-04-01 2024-03-31 11167669 d:MotorVehicles 2024-03-31 11167669 d:MotorVehicles 2023-03-31 11167669 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11167669 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11167669 d:CurrentFinancialInstruments 2024-03-31 11167669 d:CurrentFinancialInstruments 2023-03-31 11167669 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11167669 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11167669 d:ShareCapital 2024-03-31 11167669 d:ShareCapital 2023-03-31 11167669 d:RetainedEarningsAccumulatedLosses 2024-03-31 11167669 d:RetainedEarningsAccumulatedLosses 2023-03-31 11167669 c:FRS102 2023-04-01 2024-03-31 11167669 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11167669 c:FullAccounts 2023-04-01 2024-03-31 11167669 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11167669 2 2023-04-01 2024-03-31 11167669 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11167669










KP CONSTRUCTION (OXFORD) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
KP CONSTRUCTION (OXFORD) LIMITED
 
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KP CONSTRUCTION (OXFORD) LIMITED
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of KP CONSTRUCTION (OXFORD) LIMITED for the year ended 31 March 2024 which comprise  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 firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the Board of directors of KP CONSTRUCTION (OXFORD) LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of KP CONSTRUCTION (OXFORD) LIMITED and state those matters that we have agreed to state to the Board of directors of KP CONSTRUCTION (OXFORD) LIMITED, as a body, in this report in accordance with the requirements of 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 KP CONSTRUCTION (OXFORD) LIMITED and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that KP CONSTRUCTION (OXFORD) LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of KP CONSTRUCTION (OXFORD) LIMITED. You consider that KP CONSTRUCTION (OXFORD) LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of KP CONSTRUCTION (OXFORD) LIMITED. 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 statutory financial statements.

  



Alder Demain & Akers Ltd
 
Accountants
  
2 Michaels Court
Hanney Road
Southmoor
Oxford
OX13 5HR
18 November 2024
Page 1

 
KP CONSTRUCTION (OXFORD) LIMITED
REGISTERED NUMBER: 11167669

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,049
11,439

  
6,049
11,439

Current assets
  

Stocks
  
14,052
21,567

Debtors: amounts falling due within one year
 5 
11,189
5,058

Cash at bank and in hand
 6 
16,440
14,564

  
41,681
41,189

Creditors: amounts falling due within one year
 7 
(44,265)
(51,978)

Net current liabilities
  
 
 
(2,584)
 
 
(10,789)

Total assets less current liabilities
  
3,465
650

  

Net assets
  
3,465
650

Page 2

 
KP CONSTRUCTION (OXFORD) LIMITED
REGISTERED NUMBER: 11167669
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
3,365
550

  
3,465
650


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 November 2024.




................................................
Christopher Pike
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
KP CONSTRUCTION (OXFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

KP Construction (Oxford) Limited is a company limited by shares which was incorporated in England.
The registered office of the business is:
2 Michaels Court
Hanney Road
Southmoor
OX13 5HR
The company's principal activity is construction services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
KP CONSTRUCTION (OXFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance
Motor vehicles
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
KP CONSTRUCTION (OXFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 6

 
KP CONSTRUCTION (OXFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 April 2023
1,145
27,829
28,974


Additions
337
-
337



At 31 March 2024

1,482
27,829
29,311



Depreciation


At 1 April 2023
837
16,698
17,535


Charge for the year on owned assets
161
5,566
5,727



At 31 March 2024

998
22,264
23,262



Net book value



At 31 March 2024
484
5,565
6,049



At 31 March 2023
307
11,132
11,439

Page 7

 
KP CONSTRUCTION (OXFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
-
708

Other debtors
11,189
4,350

11,189
5,058



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
16,440
14,564

16,440
14,564



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
7,048
9,717

Trade creditors
-
10,666

Other taxation and social security
18,457
20,004

Obligations under finance lease and hire purchase contracts
8,398
11,562

Other creditors
10,362
29

44,265
51,978


 
Page 8