PTP Accounts Production v24.3.0.553 07152841 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071528412023-02-28071528412024-02-29071528412023-03-012024-02-29071528412022-02-28071528412022-03-012023-02-28071528412023-02-2807152841ns15:EnglandWales2023-03-012024-02-2907152841ns14:PoundSterling2023-03-012024-02-2907152841ns10:Director12023-03-012024-02-2907152841ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2907152841ns10:SmallEntities2023-03-012024-02-2907152841ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2907152841ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2907152841ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2907152841ns10:FullAccounts2023-03-012024-02-2907152841ns10:OrdinaryShareClass12023-03-012024-02-2907152841ns10:Director22023-03-012024-02-2907152841ns10:RegisteredOffice2023-03-012024-02-2907152841ns5:CurrentFinancialInstruments2024-02-2907152841ns5:CurrentFinancialInstruments2023-02-2807152841ns5:Non-currentFinancialInstruments2024-02-2907152841ns5:Non-currentFinancialInstruments2023-02-2807152841ns5:ShareCapital2024-02-2907152841ns5:ShareCapital2023-02-2807152841ns5:RetainedEarningsAccumulatedLosses2024-02-2907152841ns5:RetainedEarningsAccumulatedLosses2023-02-2807152841ns5:PlantMachinery2023-03-012024-02-2907152841ns5:MotorVehicles2023-03-012024-02-2907152841ns5:PlantMachinery2023-02-2807152841ns5:MotorVehicles2023-02-2807152841ns5:PlantMachinery2024-02-2907152841ns5:MotorVehicles2024-02-2907152841ns5:PlantMachinery2023-02-2807152841ns5:MotorVehicles2023-02-2807152841ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-2807152841ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-012024-02-2907152841ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-02-2907152841ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-2807152841ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2907152841ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2807152841ns10:OrdinaryShareClass12024-02-29
REGISTERED NUMBER: 07152841 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

KIRSOPP BUILDERS LIMITED

KIRSOPP BUILDERS LIMITED (REGISTERED NUMBER: 07152841)

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


KIRSOPP BUILDERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: T Kirsopp
B Kirsopp





REGISTERED OFFICE: 21 Hollowgate
Rotherham
South Yorkshire
S60 2LE





REGISTERED NUMBER: 07152841 (England and Wales)





ACCOUNTANTS: Drury & Co
Accountants & Business Advisors
21 Hollowgate
Rotherham
South Yorkshire
S60 2LE

KIRSOPP BUILDERS LIMITED (REGISTERED NUMBER: 07152841)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,759 47,821

CURRENT ASSETS
Stocks 5 472,757 719,693
Debtors 6 28,448 47,416
Cash at bank 4,252 70,047
505,457 837,156
CREDITORS
Amounts falling due within one year 7 244,309 238,981
NET CURRENT ASSETS 261,148 598,175
TOTAL ASSETS LESS CURRENT
LIABILITIES

298,907

645,996

CREDITORS
Amounts falling due after more than one
year

8

201,457

565,835
NET ASSETS 97,450 80,161

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 97,350 80,061
SHAREHOLDERS' FUNDS 97,450 80,161

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.

KIRSOPP BUILDERS LIMITED (REGISTERED NUMBER: 07152841)

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 28 November 2024 and were signed on its behalf by:





T Kirsopp - Director


KIRSOPP BUILDERS LIMITED (REGISTERED NUMBER: 07152841)

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


1. STATUTORY INFORMATION

Kirsopp Builders 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

KIRSOPP BUILDERS LIMITED (REGISTERED NUMBER: 07152841)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 35,981 45,148 81,129
DEPRECIATION
At 1 March 2023 17,087 16,221 33,308
Charge for year 2,831 7,231 10,062
At 29 February 2024 19,918 23,452 43,370
NET BOOK VALUE
At 29 February 2024 16,063 21,696 37,759
At 28 February 2023 18,894 28,927 47,821

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023
and 29 February 2024 36,288
DEPRECIATION
At 1 March 2023 9,072
Charge for year 6,804
At 29 February 2024 15,876
NET BOOK VALUE
At 29 February 2024 20,412
At 28 February 2023 27,216

5. STOCKS
2024 2023
£    £   
Work-in-progress 472,757 719,693

KIRSOPP BUILDERS LIMITED (REGISTERED NUMBER: 07152841)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,215 8,126
Amounts owed by participating interests 6,867 6,867
Other debtors 10,366 32,423
28,448 47,416

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,130 3,130
Trade creditors 11,666 60,500
Amounts owed to participating interests 5,778 5,778
Taxation and social security 39,985 35,804
Other creditors 183,750 133,769
244,309 238,981

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 19,588 22,718
Other creditors 181,869 543,117
201,457 565,835

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the reporting date, the company was indebted to the directors in the sum of £127,674. (2023: £78,210)

There are no formal repayment terms attached to this loan and interest is not being charged.