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REGISTERED NUMBER: 02256805 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

K.P.S. CONTRACTORS LIMITED

K.P.S. CONTRACTORS LIMITED (Registered number: 02256805)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K.P.S. CONTRACTORS LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: P V Smyth
D P Smyth
J Smyth
H Smyth





SECRETARY: H Smyth





REGISTERED OFFICE: kps House
Ham Lane
Scaynes Hill
West Sussex
RH17 7PR





REGISTERED NUMBER: 02256805 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

K.P.S. CONTRACTORS LIMITED (Registered number: 02256805)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,193,526 1,396,796

CURRENT ASSETS
Stocks 5 213,950 202,919
Debtors 6 1,667,364 2,421,715
Cash at bank 98,307 194,309
1,979,621 2,818,943
CREDITORS
Amounts falling due within one year 7 760,559 1,206,748
NET CURRENT ASSETS 1,219,062 1,612,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,412,588

3,008,991

CREDITORS
Amounts falling due after more than one
year

8

(161,903

)

(263,837

)

PROVISIONS FOR LIABILITIES (132,747 ) (183,745 )
NET ASSETS 2,117,938 2,561,409

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 2,117,788 2,561,259
SHAREHOLDERS' FUNDS 2,117,938 2,561,409

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

K.P.S. CONTRACTORS LIMITED (Registered number: 02256805)

Balance Sheet - continued
30 April 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 13 September 2024 and were signed on its behalf by:




J Smyth - Director



P V Smyth - Director


K.P.S. CONTRACTORS LIMITED (Registered number: 02256805)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

K.P.S. CONTRACTORS 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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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 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.

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 105 (2023 - 111 ) .

K.P.S. CONTRACTORS LIMITED (Registered number: 02256805)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2023 329,082 2,029,129 79,677 1,220,133 3,658,021
Additions - 51,555 - 19,990 71,545
At 30 April 2024 329,082 2,080,684 79,677 1,240,123 3,729,566
DEPRECIATION
At 1 May 2023 24,299 1,385,655 62,069 789,202 2,261,225
Charge for year 11,561 150,868 2,641 109,745 274,815
At 30 April 2024 35,860 1,536,523 64,710 898,947 2,536,040
NET BOOK VALUE
At 30 April 2024 293,222 544,161 14,967 341,176 1,193,526
At 30 April 2023 304,783 643,474 17,608 430,931 1,396,796

5. STOCKS
30.4.24 30.4.23
£    £   
Work In Progress 213,950 202,919

6. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Trade Debtors 1,308,231 1,916,195
Other debtors 72,000 28,997
VAT - 19,081
Prepayments 14,167 70,442
1,394,398 2,034,715

Amounts falling due after more than one year:
Amounts owed by participating interests 272,966 387,000

Aggregate amounts 1,667,364 2,421,715

K.P.S. CONTRACTORS LIMITED (Registered number: 02256805)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 117,442 123,323
Trade creditors 427,921 947,976
Social security and other taxes 165,498 94,389
VAT 1,590 -
Other Creditors 36,608 29,560
Accrued expenses 11,500 11,500
760,559 1,206,748

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 161,903 263,837

9. RELATED PARTY DISCLOSURES

As at 30th April 2024 the company was owed from KPS Composting Services Limited £ 272,966 (2023 :£ 387,000).

Throughout the year the Company charges and receives invoices from KPS Composting Services Limited.
An associated Company, These costs and sales are done under normal commercial terms.

Mr P Smyth and Mrs H Smyth also control KPS Composting Services Limited.

Included in Other Debtors is £ 72,000 (2023 £ 26,884) due from KPS Build Limited as a short term loan. The Director Mr J Smyth has an interest in this company.

10. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by Mr P and Mrs H Smyth, be virtue of the fact that they own the entire share capital of the company.