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REGISTERED NUMBER: 06140162 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

KERNSAW BUILDERS LIMITED

KERNSAW BUILDERS LIMITED (REGISTERED NUMBER: 06140162)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KERNSAW BUILDERS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: C L Ballantine





REGISTERED OFFICE: 326 Pinewood Park
Farnborough
Hampshire
GU14 9LJ





REGISTERED NUMBER: 06140162 (England and Wales)





ACCOUNTANTS: Goddard & Co
Chartered Accountants
3 Church Street
Odiham, Hook
Hampshire
RG29 1LU

KERNSAW BUILDERS LIMITED (REGISTERED NUMBER: 06140162)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,638 531

CURRENT ASSETS
Stocks 25,833 10,735
Debtors 5 406 24,356
Cash at bank 77,018 13,873
103,257 48,964
CREDITORS
Amounts falling due within one year 6 57,468 38,510
NET CURRENT ASSETS 45,789 10,454
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,427

10,985

CREDITORS
Amounts falling due after more than one year 7 15,714 -
NET ASSETS 49,713 10,985

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 49,710 10,982
49,713 10,985

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.

KERNSAW BUILDERS LIMITED (REGISTERED NUMBER: 06140162)

BALANCE SHEET - continued
31 March 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 director and authorised for issue on 26 November 2024 and were signed by:





C L Ballantine - Director


KERNSAW BUILDERS LIMITED (REGISTERED NUMBER: 06140162)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Kernsaw 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.
Plant and machinery etc - 25% on cost

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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2023 - 4 ) .

KERNSAW BUILDERS LIMITED (REGISTERED NUMBER: 06140162)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 48,038
Additions 24,706
Disposals (14,950 )
At 31 March 2024 57,794
DEPRECIATION
At 1 April 2023 47,507
Charge for year 5,599
Eliminated on disposal (14,950 )
At 31 March 2024 38,156
NET BOOK VALUE
At 31 March 2024 19,638
At 31 March 2023 531

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 22,621
Other debtors 406 1,735
406 24,356

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 2,857 -
Trade creditors 6,136 7,411
Taxation and social security 27,406 22,756
Other creditors 21,069 8,343
57,468 38,510

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 15,714 -