Konvekta Limited 01572877 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is that of designing and supplying fabricated heating and ventilation equipment Digita Accounts Production Advanced 6.30.9574.0 true false true 01572877 2023-05-01 2024-04-30 01572877 2024-04-30 01572877 core:CurrentFinancialInstruments 2024-04-30 01572877 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 01572877 core:FurnitureFittings 2024-04-30 01572877 core:MotorVehicles 2024-04-30 01572877 core:OtherRelatedParties 2024-04-30 01572877 core:ParentEntities 2024-04-30 01572877 bus:SmallEntities 2023-05-01 2024-04-30 01572877 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 01572877 bus:FilletedAccounts 2023-05-01 2024-04-30 01572877 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 01572877 bus:RegisteredOffice 2023-05-01 2024-04-30 01572877 bus:Director2 2023-05-01 2024-04-30 01572877 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 01572877 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 01572877 core:MotorVehicles 2023-05-01 2024-04-30 01572877 core:OtherRelatedParties 2023-05-01 2024-04-30 01572877 core:OtherRelatedParties core:RenderingOrReceivingServices 2023-05-01 2024-04-30 01572877 core:OtherRelatedParties core:SaleOrPurchaseGoods 2023-05-01 2024-04-30 01572877 core:ParentEntities 2023-05-01 2024-04-30 01572877 1 2023-05-01 2024-04-30 01572877 countries:EnglandWales 2023-05-01 2024-04-30 01572877 2023-04-30 01572877 core:FurnitureFittings 2023-04-30 01572877 core:MotorVehicles 2023-04-30 01572877 core:ParentEntities 2023-04-30 01572877 2022-05-01 2023-04-30 01572877 2023-04-30 01572877 core:CurrentFinancialInstruments 2023-04-30 01572877 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 01572877 core:FurnitureFittings 2023-04-30 01572877 core:MotorVehicles 2023-04-30 01572877 core:OtherRelatedParties 2023-04-30 01572877 core:ParentEntities 2023-04-30 01572877 core:OtherRelatedParties 2022-05-01 2023-04-30 01572877 core:OtherRelatedParties core:RenderingOrReceivingServices 2022-05-01 2023-04-30 01572877 core:OtherRelatedParties core:SaleOrPurchaseGoods 2022-05-01 2023-04-30 01572877 2022-04-30 01572877 core:ParentEntities 2022-04-30 iso4217:GBP xbrli:pure

Registration number: 01572877

Konvekta Limited
Annual Report and
Unaudited Financial Statements

30 April 2024

 

Konvekta Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Konvekta Limited

Balance Sheet
30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

573

573

Current assets

 

Debtors

5

12,265

46,957

Cash at bank and in hand

 

74,649

32,907

 

86,914

79,864

Creditors: Amounts falling due within one year

6

(46,441)

(50,014)

Net current assets

 

40,473

29,850

Net assets

 

41,046

30,423

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

40,046

29,423

Shareholders' funds

 

41,046

30,423

 

Konvekta Limited

Balance Sheet
30 April 2024

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 Directors acknowledge their 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. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 January 2025 and signed on its behalf by:
 

.........................................
Mrs C Branagan
Director

Company Registration Number: 01572877

 

Konvekta Limited

Notes to the Unaudited Financial Statements
Year Ended 30 April 2024

1

General information

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

The address of its registered office is:
Knowsley Road Ind Estate
Haslingden
Rossendale
Lancashire
BB4 4RR

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 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.

 

Konvekta Limited

Notes to the Unaudited Financial Statements
Year Ended 30 April 2024

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings, tools and equipment

15% reducing balance method

Motor Vehicles

5 years

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.

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.

 

Konvekta Limited

Notes to the Unaudited Financial Statements
Year Ended 30 April 2024

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 Directors) during the year, was 4 (2023 - 4).

4

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

71,090

14,995

86,085

At 30 April 2024

71,090

14,995

86,085

Depreciation

At 1 May 2023

71,058

14,454

85,512

At 30 April 2024

71,058

14,454

85,512

Carrying amount

At 30 April 2024

32

541

573

At 30 April 2023

32

541

573

 

Konvekta Limited

Notes to the Unaudited Financial Statements
Year Ended 30 April 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

9,454

45,753

Prepayments

559

520

Other debtors

2,252

684

 

12,265

46,957

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

15,855

20,597

Amounts owed to Group undertakings and undertakings in which the Company has a participating interest

7

25,000

25,000

Taxation and social security

 

3,371

2,202

Accruals and deferred income

 

2,215

2,215

 

46,441

50,014

 

Konvekta Limited

Notes to the Unaudited Financial Statements
Year Ended 30 April 2024

7

Related party transactions

Summary of transactions with parent

C Caswell Holdings Limited
 Interest at 7% is applied on outstanding balances.
 

Loans from related parties

2024

Parent
£

Total
£

At start of period

25,000

25,000

At end of period

25,000

25,000

2023

Parent
£

Total
£

At start of period

25,000

25,000

At end of period

25,000

25,000

Summary of transactions with other related parties

C Caswell Engineering Services Limited
(Another Group Company)

 The company purchases goods and services from C Caswell Engineering Services Limited at normal market rates and terms.
 

Expenditure with and payables to related parties

2024

Other related parties
£

Purchase of goods

181,171

Rendering of services

71,161

252,332

Amounts payable to related party

15,855

 

Konvekta Limited

Notes to the Unaudited Financial Statements
Year Ended 30 April 2024

2023

Other related parties
£

Purchase of goods

185,661

Rendering of services

70,113

255,774

Amounts payable to related party

19,661

8

Parent and ultimate parent undertaking

The ultimate controlling party is C Caswell Holdings Limited.