IRIS Accounts Production v24.3.2.46 03345206 Board of Directors Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Fair value model 1039928 1071321 263017 196901 258986 228294 1043959 1039928 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033452062023-04-30033452062024-04-30033452062023-05-012024-04-30033452062022-04-30033452062022-05-012023-04-30033452062023-04-3003345206ns15:EnglandWales2023-05-012024-04-3003345206ns14:PoundSterling2023-05-012024-04-3003345206ns10:Director12023-05-012024-04-3003345206ns10:Director22023-05-012024-04-3003345206ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3003345206ns10:SmallEntities2023-05-012024-04-3003345206ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3003345206ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3003345206ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3003345206ns10:FullAccounts2023-05-012024-04-3003345206ns10:Director3432023-04-3003345206ns10:Director3432022-04-3003345206ns10:Director3432023-05-012024-04-3003345206ns10:Director3432022-05-012023-04-3003345206ns10:Director3432024-04-3003345206ns10:Director3432023-04-3003345206ns10:Director32023-05-012024-04-3003345206ns10:CompanySecretary12023-05-012024-04-3003345206ns10:RegisteredOffice2023-05-012024-04-3003345206ns5:CurrentFinancialInstruments2024-04-3003345206ns5:CurrentFinancialInstruments2023-04-3003345206ns5:Non-currentFinancialInstruments2024-04-3003345206ns5:Non-currentFinancialInstruments2023-04-3003345206ns5:ShareCapital2024-04-3003345206ns5:ShareCapital2023-04-3003345206ns5:RetainedEarningsAccumulatedLosses2024-04-3003345206ns5:RetainedEarningsAccumulatedLosses2023-04-3003345206ns5:PlantMachinery2023-05-012024-04-3003345206ns5:FurnitureFittings2023-05-012024-04-3003345206ns5:MotorVehicles2023-05-012024-04-3003345206ns5:ComputerEquipment2023-05-012024-04-3003345206ns5:PlantMachinery2023-04-3003345206ns5:FurnitureFittings2023-04-3003345206ns5:MotorVehicles2023-04-3003345206ns5:ComputerEquipment2023-04-3003345206ns5:PlantMachinery2024-04-3003345206ns5:FurnitureFittings2024-04-3003345206ns5:MotorVehicles2024-04-3003345206ns5:ComputerEquipment2024-04-3003345206ns5:PlantMachinery2023-04-3003345206ns5:FurnitureFittings2023-04-3003345206ns5:MotorVehicles2023-04-3003345206ns5:ComputerEquipment2023-04-3003345206ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-3003345206ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-05-012024-04-3003345206ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-04-3003345206ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-3003345206ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3003345206ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3003345206ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-04-3003345206ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-04-3003345206ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3003345206ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3003345206ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-04-3003345206ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-04-3003345206ns5:HirePurchaseContracts2024-04-3003345206ns5:HirePurchaseContracts2023-04-3003345206ns5:WithinOneYear2024-04-3003345206ns5:WithinOneYear2023-04-3003345206ns5:BetweenOneFiveYears2024-04-3003345206ns5:BetweenOneFiveYears2023-04-3003345206ns5:AllPeriods2024-04-3003345206ns5:AllPeriods2023-04-3003345206ns5:Secured2024-04-3003345206ns5:Secured2023-04-30033452061ns10:Director12023-04-30033452061ns10:Director12022-04-30033452061ns10:Director12023-05-012024-04-30033452061ns10:Director12022-05-012023-04-30033452061ns10:Director12024-04-30033452061ns10:Director12023-04-3003345206ns10:Director222023-04-3003345206ns10:Director222022-04-3003345206ns10:Director222023-05-012024-04-3003345206ns10:Director222022-05-012023-04-3003345206ns10:Director222024-04-3003345206ns10:Director222023-04-30
REGISTERED NUMBER: 03345206 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

King Brothers Bricklaying Contractors
Limited

King Brothers Bricklaying Contractors
Limited (Registered number: 03345206)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


King Brothers Bricklaying Contractors
Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: I King
B King
C King



SECRETARY: I King



REGISTERED OFFICE: Unit 14
Hepworth Road
North Hylton Enterprise Park
Sunderland
Tyne and Wear
SR5 3JT



REGISTERED NUMBER: 03345206 (England and Wales)



ACCOUNTANTS: TTR Barnes
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG



BANKERS: Lloyds TSB Bank plc
PO Box 45
Fawcett Street
Sunderland
Tyne and Wear
SR1 1SF

King Brothers Bricklaying Contractors
Limited (Registered number: 03345206)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 517,936 600,212
Investment property 5 718,259 718,259
1,236,195 1,318,471

CURRENT ASSETS
Debtors 6 2,894,905 2,630,268
Investments 7 32,312 17,305
Cash at bank and in hand 573,795 394,761
3,501,012 3,042,334
CREDITORS
Amounts falling due within one year 8 562,569 496,044
NET CURRENT ASSETS 2,938,443 2,546,290
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,174,638

3,864,761

CREDITORS
Amounts falling due after more than one
year

9

(482,393

)

(418,807

)

PROVISIONS FOR LIABILITIES (13,768 ) (22,893 )
NET ASSETS 3,678,477 3,423,061

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 3,678,376 3,422,960
SHAREHOLDERS' FUNDS 3,678,477 3,423,061

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.

King Brothers Bricklaying Contractors
Limited (Registered number: 03345206)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:




I King - Director



B King - Director


King Brothers Bricklaying Contractors
Limited (Registered number: 03345206)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

King Brothers Bricklaying 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.

The financial statements have bee prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the director considers to be appropriate.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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 reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

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 statement of financial position date.


King Brothers Bricklaying Contractors
Limited (Registered number: 03345206)

Notes to the Financial Statements - continued
for the year ended 30 April 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 statement of financial position 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.

Amounts recoverable on contracts
Amounts recoverable on contracts are valued using the stage of completion method by reference to applications made on the contracts entered into. Consideration is then made for any losses/bad debt risk which may be suffered, on a contract by contract basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 21 ) .

King Brothers Bricklaying Contractors
Limited (Registered number: 03345206)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 26,173 93,046 734,281 48,571 902,071
Additions - 700 92,904 6,442 100,046
Disposals - - (87,302 ) - (87,302 )
At 30 April 2024 26,173 93,746 739,883 55,013 914,815
DEPRECIATION
At 1 May 2023 15,777 31,009 219,818 35,255 301,859
Charge for year 1,040 6,330 142,935 4,124 154,429
Eliminated on disposal - - (59,409 ) - (59,409 )
At 30 April 2024 16,817 37,339 303,344 39,379 396,879
NET BOOK VALUE
At 30 April 2024 9,356 56,407 436,539 15,634 517,936
At 30 April 2023 10,396 62,037 514,463 13,316 600,212

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023 507,899
Additions 85,404
At 30 April 2024 593,303
DEPRECIATION
At 1 May 2023 75,328
Charge for year 127,685
At 30 April 2024 203,013
NET BOOK VALUE
At 30 April 2024 390,290
At 30 April 2023 432,571

King Brothers Bricklaying Contractors
Limited (Registered number: 03345206)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 718,259
NET BOOK VALUE
At 30 April 2024 718,259
At 30 April 2023 718,259

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 895,554 553,475
Other debtors 1,518,793 1,558,974
2,414,347 2,112,449

Amounts falling due after more than one year:
Other debtors 480,558 517,819

Aggregate amounts 2,894,905 2,630,268

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 32,312 17,305

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 61,101 30,915
Trade creditors 23,248 21,126
Taxation and social security 380,545 215,825
Other creditors 97,675 228,178
562,569 496,044

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 389,559 380,552
Other creditors 92,834 38,255
482,393 418,807

King Brothers Bricklaying Contractors
Limited (Registered number: 03345206)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Mortgages due in over 5 years 15,768 23,219

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 61,101 30,915
Between one and five years 389,559 380,552
450,660 411,467

Non-cancellable operating leases
2024 2023
£    £   
Within one year 42,559 50,478
Between one and five years 91,571 120,650
134,130 171,128

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 39,527 42,921
Hire purchase contracts 450,660 411,467
490,187 454,388

Current and future bank borrowings are secured by a debenture charge over all company assets dated 28 August 2008. Mortgage charges dated 24th October 2008, 10th November 2008 and 26th May 2016 are secured against the properties to which they relate.

Hire purchase liabilities are secured on the assets to which they relate.

King Brothers Bricklaying Contractors
Limited (Registered number: 03345206)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
I King and C King
Balance outstanding at start of year 1,039,928 1,071,321
Amounts advanced 263,017 196,901
Amounts repaid (258,986 ) (228,294 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,043,959 1,039,928

B King
Balance outstanding at start of year 427,974 340,781
Amounts advanced 216,573 241,629
Amounts repaid (254,436 ) (154,436 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 390,111 427,974

13. CONTROL

The controlling party is Mr I King and Mr B King..