Silverfin false false 30/06/2024 01/07/2023 30/06/2024 Mr K Mclaughlin 15/06/2016 23 February 2025 The principal activity of the Company is that of construction. 10233650 2024-06-30 10233650 bus:Director1 2024-06-30 10233650 2023-06-30 10233650 core:CurrentFinancialInstruments 2024-06-30 10233650 core:CurrentFinancialInstruments 2023-06-30 10233650 core:Non-currentFinancialInstruments 2024-06-30 10233650 core:Non-currentFinancialInstruments 2023-06-30 10233650 core:ShareCapital 2024-06-30 10233650 core:ShareCapital 2023-06-30 10233650 core:RetainedEarningsAccumulatedLosses 2024-06-30 10233650 core:RetainedEarningsAccumulatedLosses 2023-06-30 10233650 core:Goodwill 2023-06-30 10233650 core:Goodwill 2024-06-30 10233650 core:Vehicles 2023-06-30 10233650 core:ComputerEquipment 2023-06-30 10233650 core:OtherPropertyPlantEquipment 2023-06-30 10233650 core:Vehicles 2024-06-30 10233650 core:ComputerEquipment 2024-06-30 10233650 core:OtherPropertyPlantEquipment 2024-06-30 10233650 bus:OrdinaryShareClass1 2024-06-30 10233650 2023-07-01 2024-06-30 10233650 bus:FilletedAccounts 2023-07-01 2024-06-30 10233650 bus:SmallEntities 2023-07-01 2024-06-30 10233650 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 10233650 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10233650 bus:Director1 2023-07-01 2024-06-30 10233650 core:Goodwill core:TopRangeValue 2023-07-01 2024-06-30 10233650 core:Vehicles core:TopRangeValue 2023-07-01 2024-06-30 10233650 core:ComputerEquipment core:TopRangeValue 2023-07-01 2024-06-30 10233650 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-07-01 2024-06-30 10233650 2022-07-01 2023-06-30 10233650 core:Vehicles 2023-07-01 2024-06-30 10233650 core:ComputerEquipment 2023-07-01 2024-06-30 10233650 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 10233650 core:Non-currentFinancialInstruments 2023-07-01 2024-06-30 10233650 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 10233650 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10233650 (England and Wales)

KJM BRICKLAYING LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

KJM BRICKLAYING LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

KJM BRICKLAYING LIMITED

BALANCE SHEET

As at 30 June 2024
KJM BRICKLAYING LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 35,514 51,184
35,514 51,184
Current assets
Debtors 5 67,708 96,792
Cash at bank and in hand 8,243 4,675
75,951 101,467
Creditors: amounts falling due within one year 6 ( 57,584) ( 89,988)
Net current assets 18,367 11,479
Total assets less current liabilities 53,881 62,663
Creditors: amounts falling due after more than one year 7 ( 33,864) ( 49,516)
Provision for liabilities ( 8,879) ( 12,584)
Net assets 11,138 563
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 11,038 463
Total shareholder's funds 11,138 563

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of KJM Bricklaying Limited (registered number: 10233650) were approved and authorised for issue by the Director on 23 February 2025. They were signed on its behalf by:

Mr K Mclaughlin
Director
KJM BRICKLAYING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
KJM BRICKLAYING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

KJM Bricklaying Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3GW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Vehicles 4 years straight line
Computer equipment 4 years straight line
Other property, plant and equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Government grants

Government grants are recognised based on the performance model.

A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 6 5

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 July 2023 50,000 50,000
At 30 June 2024 50,000 50,000
Accumulated amortisation
At 01 July 2023 50,000 50,000
At 30 June 2024 50,000 50,000
Net book value
At 30 June 2024 0 0
At 30 June 2023 0 0

4. Tangible assets

Vehicles Computer equipment Other property, plant
and equipment
Total
£ £ £ £
Cost
At 01 July 2023 52,133 4,431 9,297 65,861
At 30 June 2024 52,133 4,431 9,297 65,861
Accumulated depreciation
At 01 July 2023 7,068 3,924 3,685 14,677
Charge for the financial year 13,033 419 2,218 15,670
At 30 June 2024 20,101 4,343 5,903 30,347
Net book value
At 30 June 2024 32,032 88 3,394 35,514
At 30 June 2023 45,065 507 5,612 51,184

5. Debtors

2024 2023
£ £
Trade debtors 30,702 29,306
Prepayments and accrued income 32,174 57,901
VAT recoverable 2,257 3,850
Corporation tax 0 2,826
Other debtors 2,575 2,909
67,708 96,792

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,236 10,015
Trade creditors 17,557 21,907
Amounts owed to director 343 42,149
Accruals 2,450 2,000
Taxation and social security 21,549 8,922
Obligations under finance leases and hire purchase contracts 5,449 4,095
Other creditors 0 900
57,584 89,988

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 9,673 19,875
Obligations under finance leases and hire purchase contracts 24,191 29,641
33,864 49,516

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100