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REGISTERED NUMBER: 08515203 (England and Wales)















Kore Building Limited

Financial Statements For The Year Ended 31 May 2024






Kore Building Limited (Registered number: 08515203)






Contents of the Financial Statements
For The Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

Kore Building Limited

Company Information
For The Year Ended 31 May 2024







DIRECTOR: W Terry





REGISTERED OFFICE: 23a Church Road
Parkstone
Poole
Dorset
BH14 8UF





REGISTERED NUMBER: 08515203 (England and Wales)





ACCOUNTANTS: SSM Accountants Limited
23a Church Road
Parkstone
Poole
Dorset
BH14 8UF

Kore Building Limited (Registered number: 08515203)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,141 14,922

CURRENT ASSETS
Stocks 52,971 46,872
Debtors 5 8,935 6,283
Cash at bank 37,049 100,222
98,955 153,377
CREDITORS
Amounts falling due within one year 6 25,732 52,802
NET CURRENT ASSETS 73,223 100,575
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,364

115,497

CREDITORS
Amounts falling due after more than one
year

7

-

(16,673

)

PROVISIONS FOR LIABILITIES (2,687 ) (3,954 )
NET ASSETS 84,677 94,870

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 84,577 94,770
SHAREHOLDERS' FUNDS 84,677 94,870

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2025 and were signed by:





W Terry - Director


Kore Building Limited (Registered number: 08515203)

Notes to the Financial Statements
For The Year Ended 31 May 2024

1. STATUTORY INFORMATION

Kore Building 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 - 10% on cost
Computer equipment - 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 Statement of Income and Retained Earnings, 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.

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.

Kore Building Limited (Registered number: 08515203)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 8,988 30,585 3,183 42,756
Additions 2,397 - - 2,397
At 31 May 2024 11,385 30,585 3,183 45,153
DEPRECIATION
At 1 June 2023 4,317 21,055 2,462 27,834
Charge for year 615 2,382 181 3,178
At 31 May 2024 4,932 23,437 2,643 31,012
NET BOOK VALUE
At 31 May 2024 6,453 7,148 540 14,141
At 31 May 2023 4,671 9,530 721 14,922

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023 16,285
Transfer to ownership (16,285 )
At 31 May 2024 -
DEPRECIATION
At 1 June 2023 12,050
Transfer to ownership (12,050 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 4,235

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 8,935 6,283

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 8,000
Hire purchase contracts - 1,094
Trade creditors 5,801 2,079
Taxation and social security 15,742 36,742
Other creditors 4,189 4,887
25,732 52,802

Kore Building Limited (Registered number: 08515203)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 16,673

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Kore Building Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kore Building Limited for the year ended 31 May 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Kore Building Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kore Building Limited and state those matters that we have agreed to state to the director of Kore Building Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Kore Building Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kore Building Limited. You consider that Kore Building Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kore Building Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






SSM Accountants Limited
23a Church Road
Parkstone
Poole
Dorset
BH14 8UF


29 January 2025