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REGISTERED NUMBER: 03567885 (England and Wales)
























Financial Statements

for the Year Ended 31 May 2024

for

Kafften Refurbishment Limited

Kafften Refurbishment Limited (Registered number: 03567885)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kafften Refurbishment Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Ms G J Peardon
R Wilders



REGISTERED OFFICE: Berkley Lodge
Tilbury Road
Great Yeldham
Halstead
Essex
CO9 4JG



REGISTERED NUMBER: 03567885 (England and Wales)



ACCOUNTANTS: Baverstocks Group Limited
140 Rayne Road
Braintree
Essex
CM7 2QR



BANKERS: National Westminster Bank PLC
Colchester Commercial Office
National Westminster House
100 The Crescent
Colchester Business Park
Colchester
CO4 4YQ

Kafften Refurbishment Limited (Registered number: 03567885)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,223 8,294

CURRENT ASSETS
Debtors 5 455,571 449,940
Cash at bank 896,075 788,211
1,351,646 1,238,151
CREDITORS
Amounts falling due within one year 6 533,016 508,087
NET CURRENT ASSETS 818,630 730,064
TOTAL ASSETS LESS CURRENT
LIABILITIES

825,853

738,358

PROVISIONS FOR LIABILITIES 1,806 2,074
NET ASSETS 824,047 736,284

CAPITAL AND RESERVES
Called up share capital 22,702 22,702
Share premium 33,003 33,003
Retained earnings 768,342 680,579
SHAREHOLDERS' FUNDS 824,047 736,284

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 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.

Kafften Refurbishment Limited (Registered number: 03567885)

Balance Sheet - continued
31 May 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 20 February 2025 and were signed on its behalf by:





Ms G J Peardon - Director


Kafften Refurbishment Limited (Registered number: 03567885)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Kafften Refurbishment 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 based on invoiced work done during the year, as adjusted by recoverable retentions and amounts recoverable on contracts, net of value added tax as applicable.

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 - 25% on reducing balance
Fixtures, fittings & equipment - 25% on reducing balance
Computer equipment - 25% on reducing balance

Hire purchase and leasing commitments
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.

Long-term contracts
Long-term contract work in progress is shown at net cost after deducting losses and payments on account. Turnover on long-term contracts is determined on the basis of the proportion of work completed at the year end to the total contract value. Operating profit includes attributable profit on long-term contracts. Amounts recoverable on contracts are included under debtors due within one year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Kafften Refurbishment Limited (Registered number: 03567885)

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

4. TANGIBLE FIXED ASSETS
Fixtures,
Plant and fittings Computer
machinery & equipment equipment Totals
£    £    £    £   
COST
At 1 June 2023 19,397 1,673 13,765 34,835
Additions 1,002 - 350 1,352
At 31 May 2024 20,399 1,673 14,115 36,187
DEPRECIATION
At 1 June 2023 14,819 1,623 10,099 26,541
Charge for year 1,404 12 1,007 2,423
At 31 May 2024 16,223 1,635 11,106 28,964
NET BOOK VALUE
At 31 May 2024 4,176 38 3,009 7,223
At 31 May 2023 4,578 50 3,666 8,294

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,044 635
Retentions held 62,909 51,487
Recoverable on contracts 343,426 350,384
In A/C : Sabre Tools & Plant Hire Limited 11,091 10,043
Other debtors 20,352 25,464
Tax - 4,755
Prepayments 7,749 7,172
455,571 449,940

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 341,156 312,750
Tax 971 344
Social security and other taxes 4,343 4,776
Other creditors - 3,547
In A/C: Kafften Holdings Ltd 173,471 173,484
In A/C : Kafften Concrete
Repairs Limited 8,573 8,586
Accrued expenses 4,502 4,600
533,016 508,087

7. SECURED DEBTS

The Company's Bankers, National Westminster Bank PLC, hold an unscheduled mortgage debenture dated 12 February 2002 incorporating a fixed and floating charge over all current and future assets of the company.

Kafften Refurbishment Limited (Registered number: 03567885)

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

8. RELATED PARTY DISCLOSURES

During the year there has been trading between this company and its fellow subsidiary companies as follows:

Sabre Tools & Plant Hire Limited made sales to Kafften Refurbishment Limited amounting to £310,000. There is a trade creditor of £40,000 due to Sabre Tools & Plant Hire Limited shown within creditors due within one year.

Kafften Concrete Repairs Limited made sales to Kafften Refurbishment Limited amounting to £825,000. There is a trade creditor of £255,000 due to Kafften Concrete Repairs Limited shown within creditors due within one year.

Kafften Refurbishment Limited has incurred administrative overheads that are joint costs of Sabre Tools & Plant Hire Limited, Kafften Concrete Repairs Limited and Kafften Refurbishment Limited. These costs have not been recharged by Kafften Refurbishment Limited.

There is an inter-company account balance shown within debtors due within one year due from Sabre Tools & Plant Hire Limited amounting to £11,091. No interest is charged on any outstanding account balance.

There is an inter-company account balance shown within creditors due within one year due to Kafften Holdings Limited amounting to £173,471. No interest is charged on any outstanding account balance.

There is an inter-company account balance shown within creditors due within one year due to Kafften
Concrete Repairs Limited amounting to £8,573. No interest is charged on any outstanding account balance.