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REGISTERED NUMBER: 07346209 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Kipling Contracts UK Limited

Kipling Contracts UK Limited (Registered number: 07346209)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kipling Contracts UK Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr D N Kipling
Mrs S Kipling
Mr G S Kipling
Mr J M Burr





REGISTERED OFFICE: 2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET





REGISTERED NUMBER: 07346209 (England and Wales)





ACCOUNTANTS: Accounting Solutions
2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET

Kipling Contracts UK Limited (Registered number: 07346209)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,308 56,355

CURRENT ASSETS
Stocks 403,300 -
Debtors 5 1,863,639 2,332,168
Cash at bank 1,172,337 641,667
3,439,276 2,973,835
CREDITORS
Amounts falling due within one year 6 1,714,144 1,768,425
NET CURRENT ASSETS 1,725,132 1,205,410
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,783,440

1,261,765

CREDITORS
Amounts falling due after more than one
year

7

(11,933

)

(32,371

)

PROVISIONS FOR LIABILITIES (1,178 ) (1,178 )
NET ASSETS 1,770,329 1,228,216

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 1,770,209 1,228,096
1,770,329 1,228,216

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

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

Kipling Contracts UK Limited (Registered number: 07346209)

Balance Sheet - continued
31 August 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 27 February 2025 and were signed on its behalf by:





Mr D N Kipling - Director


Kipling Contracts UK Limited (Registered number: 07346209)

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

1. STATUTORY INFORMATION

Kipling Contracts UK 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 Income Statement, 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.

Kipling Contracts UK Limited (Registered number: 07346209)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 14,260 853 95,874 17,070 128,057
Additions 649 - 29,283 2,726 32,658
Disposals - - (21,427 ) - (21,427 )
At 31 August 2024 14,909 853 103,730 19,796 139,288
DEPRECIATION
At 1 September 2023 9,510 493 47,533 14,166 71,702
Charge for year - 90 17,145 3,080 20,315
Eliminated on disposal 1,350 - (12,387 ) - (11,037 )
At 31 August 2024 10,860 583 52,291 17,246 80,980
NET BOOK VALUE
At 31 August 2024 4,049 270 51,439 2,550 58,308
At 31 August 2023 4,750 360 48,341 2,904 56,355

Kipling Contracts UK Limited (Registered number: 07346209)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 42,854
Disposals (21,427 )
At 31 August 2024 21,427
DEPRECIATION
At 1 September 2023 24,775
Charge for year 2,259
Eliminated on disposal (12,387 )
At 31 August 2024 14,647
NET BOOK VALUE
At 31 August 2024 6,780
At 31 August 2023 18,079

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 860,748 1,359,214
Amounts owed by group undertakings 530 -
Other debtors 1,002,361 972,954
1,863,639 2,332,168

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 3,002 6,004
Trade creditors 464,103 653,122
Taxation and social security 348,128 240,447
Other creditors 888,911 858,852
1,714,144 1,768,425

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,500 17,500
Hire purchase contracts 4,433 14,871
11,933 32,371