KLL Surfacing Limited
Registered number: 11113216
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 27,111 33,887
Current assets
Debtors 4 7,122 12,994
Cash at bank and in hand 5,811 14,472
12,933 27,466
Creditors: amounts falling due within one year 5 (5,480) (9,438)
Net current assets 7,453 18,028
Total assets less current liabilities 34,564 51,915
Creditors: amounts falling due after more than one year 6 (2,000) (19,324)
Net assets 32,564 32,591
Capital and reserves
Called up share capital 3 3
Profit and loss account 32,561 32,588
Shareholders' funds 32,564 32,591
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs S Barr
Director
Approved by the board on 29 January 2025
KLL Surfacing Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 4,667 12,000 49,093 65,760
At 31 December 2024 4,667 12,000 49,093 65,760
Depreciation
At 1 January 2024 1,680 6,554 23,639 31,873
Charge for the year 597 1,089 5,090 6,776
At 31 December 2024 2,277 7,643 28,729 38,649
Net book value
At 31 December 2024 2,390 4,357 20,364 27,111
At 31 December 2023 2,987 5,446 25,454 33,887
4 Debtors 2024 2023
£ £
Trade debtors 1,848 7,080
Other debtors 5,274 5,914
7,122 12,994
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 702 1,115
Corporation tax 1,454 2,607
Other taxes and social security costs 813 716
Other creditors 2,511 5,000
5,480 9,438
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,000 19,324
7 Other information
KLL Surfacing Limited is a private company limited by shares and incorporated in England. Its registered office is:
12 Moorbridge Close
Bootle
Liverpool
L30 7RL
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