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REGISTERED NUMBER: 13288204 (England and Wales)















KGO CONTRACTORS LTD

FINANCIAL STATEMENTS

FOR THE PERIOD 6TH JUNE 2023 TO 31ST MAY 2024






KGO CONTRACTORS LTD (REGISTERED NUMBER: 13288204)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 6TH JUNE 2023 TO 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KGO CONTRACTORS LTD

COMPANY INFORMATION
FOR THE PERIOD 6TH JUNE 2023 TO 31ST MAY 2024







DIRECTORS: A G Kinley
A R Oxley





REGISTERED OFFICE: Unit 4, 1st Floor
East Horton Business Park
Fair Oak
Hampshire
SO50 7DZ





REGISTERED NUMBER: 13288204 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

KGO CONTRACTORS LTD (REGISTERED NUMBER: 13288204)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,708 58,163

CURRENT ASSETS
Stocks 20,000 15,000
Debtors 5 513,415 664,548
Cash at bank 469,705 171,553
1,003,120 851,101
CREDITORS
Amounts falling due within one year 6 675,002 506,088
NET CURRENT ASSETS 328,118 345,013
TOTAL ASSETS LESS CURRENT
LIABILITIES

375,826

403,176

CREDITORS
Amounts falling due after more than one
year

7

(37,699

)

(39,805

)

PROVISIONS FOR LIABILITIES (11,935 ) (411 )
NET ASSETS 326,192 362,960

KGO CONTRACTORS LTD (REGISTERED NUMBER: 13288204)

BALANCE SHEET - continued
31ST MAY 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 326,092 362,860
SHAREHOLDERS' FUNDS 326,192 362,960

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st May 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.

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th December 2024 and were signed on its behalf by:





A G Kinley - Director


KGO CONTRACTORS LTD (REGISTERED NUMBER: 13288204)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 6TH JUNE 2023 TO 31ST MAY 2024

1. STATUTORY INFORMATION

Kgo Contractors 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 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.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 period comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


KGO CONTRACTORS LTD (REGISTERED NUMBER: 13288204)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6TH JUNE 2023 TO 31ST MAY 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

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

3. EMPLOYEES AND DIRECTORS

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

KGO CONTRACTORS LTD (REGISTERED NUMBER: 13288204)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6TH JUNE 2023 TO 31ST MAY 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 6th June 2023 61,090 2,521 63,611
Additions - 4,643 4,643
At 31st May 2024 61,090 7,164 68,254
DEPRECIATION
At 6th June 2023 5,091 357 5,448
Charge for period 14,000 1,098 15,098
At 31st May 2024 19,091 1,455 20,546
NET BOOK VALUE
At 31st May 2024 41,999 5,709 47,708
At 5th June 2023 55,999 2,164 58,163

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 6th June 2023
and 31st May 2024 61,090
DEPRECIATION
At 6th June 2023 5,091
Charge for period 14,000
At 31st May 2024 19,091
NET BOOK VALUE
At 31st May 2024 41,999
At 5th June 2023 55,999

KGO CONTRACTORS LTD (REGISTERED NUMBER: 13288204)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6TH JUNE 2023 TO 31ST MAY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 444,678 502,071
Amounts recoverable on contract - 44,623
Other debtors 44,508 42,482
VAT 12,690 74,947
Prepayments 11,539 425
513,415 664,548

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,786 9,469
Trade creditors 302,479 271,391
Corporation Tax 64,240 29,710
Social security and other taxes 24,416 24,497
Other creditors 228,564 118,235
Directors' current accounts 46,540 51,986
Accrued expenses 2,977 800
675,002 506,088

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 37,699 39,805

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
NIL Ordinary £1 - 100
49 Ordinary A £1 49 -
30 Ordinary B £1 30 -
21 Ordinary C £1 21 -
100 100

KGO CONTRACTORS LTD (REGISTERED NUMBER: 13288204)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6TH JUNE 2023 TO 31ST MAY 2024

9. RELATED PARTY DISCLOSURES

The company had the following outstanding directors loans at the year end:
- A G Kinley was owed £23,639 (2023 - £21,818)
- A R Oxley was owed £22,901 (2023 - £19,967)

The company had the following outstanding shareholder loan at the year end:
- R Garnham was owed £13,566 (2023-£10,201)