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REGISTERED NUMBER: 06296862 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 June 2024

for

KND Construction Limited

KND Construction Limited (Registered number: 06296862)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KND Construction Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M K Vakaria
Mrs S M Vakaria





SECRETARY: Mrs S M Vakaria





REGISTERED OFFICE: Coronation Parade
42 Cannon Lane
Pinner
Middlesex
HA5 1HW





REGISTERED NUMBER: 06296862 (England and Wales)






KND Construction Limited (Registered number: 06296862)

Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 6,249 8,943

CURRENT ASSETS
Debtors 6 10,514 2,831
Cash at bank 14,170 57,826
24,684 60,657
CREDITORS
Amounts falling due within one year 7 30,144 49,360
NET CURRENT (LIABILITIES)/ASSETS (5,460 ) 11,297
TOTAL ASSETS LESS CURRENT LIABILITIES 789 20,240

CREDITORS
Amounts falling due after more than one year 8 (2,115 ) (3,279 )

PROVISIONS FOR LIABILITIES (1,187 ) (2,236 )
NET (LIABILITIES)/ASSETS (2,513 ) 14,725

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (2,613 ) 14,625
SHAREHOLDERS' FUNDS (2,513 ) 14,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

KND Construction Limited (Registered number: 06296862)

Balance Sheet - continued
30 June 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 6 March 2025 and were signed on its behalf by:




M K Vakaria - Director



Mrs S M Vakaria - Director


KND Construction Limited (Registered number: 06296862)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

KND Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net value of building services and materials supplied during the period. Turnover is measured at the fair value of the consideration receivable net of value added tax and any customer rebates and discounts.

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.
Building equipment - 25% on cost
Motor vans - 25% on reducing balance
Office equipment - 33% on cost

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 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.

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.

KND Construction Limited (Registered number: 06296862)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to and from related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income statement.

Going concern
The company meets its day-to-day working capital requirements through careful management of its working capital positions. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Building Motor Office
equipment vans equipment Totals
£    £    £    £   
COST
At 1 July 2023 24,900 18,263 5,830 48,993
Additions - - 441 441
At 30 June 2024 24,900 18,263 6,271 49,434
DEPRECIATION
At 1 July 2023 24,209 10,558 5,283 40,050
Charge for year 515 1,926 694 3,135
At 30 June 2024 24,724 12,484 5,977 43,185
NET BOOK VALUE
At 30 June 2024 176 5,779 294 6,249
At 30 June 2023 691 7,705 547 8,943

KND Construction Limited (Registered number: 06296862)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vans
£   
COST
At 1 July 2023 18,263
Transfer to ownership (18,263 )
At 30 June 2024 -
DEPRECIATION
At 1 July 2023 10,558
Transfer to ownership (10,558 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 7,705

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Other debtors 10,514 2,831

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans and overdrafts 1,275 1,381
Hire purchase contracts - 520
Trade creditors 726 604
Taxation and social security - 7,010
Other creditors 28,143 39,845
30,144 49,360

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans 2,115 3,279

9. SECURED DEBTS

The following secured debts are included within creditors:

30/6/24 30/6/23
£    £   
Hire purchase contracts - 520

Hire purchase liabilities are secured against relevant assets acquired under these contracts.

KND Construction Limited (Registered number: 06296862)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/24 30/6/23
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

Included within Creditors were following balances owed to the directors of the company:-

30/06/24 30/06/23
£    £   
Directors current accounts 16,514 39,845

The above balances were interest-free and were repayable on demand.