IRIS Accounts Production v24.3.0.553 05317581 director 1.7.23 30.6.24 30.6.24 Builders. false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh053175812023-06-30053175812024-06-30053175812023-07-012024-06-30053175812022-06-30053175812022-07-012023-06-30053175812023-06-3005317581ns15:EnglandWales2023-07-012024-06-3005317581ns14:PoundSterling2023-07-012024-06-3005317581ns10:Director12023-07-012024-06-3005317581ns10:CompanySecretary12023-07-012024-06-3005317581ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3005317581ns10:SmallEntities2023-07-012024-06-3005317581ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3005317581ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3005317581ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3005317581ns10:FullAccounts2023-07-012024-06-3005317581ns10:RegisteredOffice2023-07-012024-06-3005317581ns5:CurrentFinancialInstruments2024-06-3005317581ns5:CurrentFinancialInstruments2023-06-3005317581ns5:Non-currentFinancialInstruments2024-06-3005317581ns5:Non-currentFinancialInstruments2023-06-3005317581ns5:ShareCapital2024-06-3005317581ns5:ShareCapital2023-06-3005317581ns5:RetainedEarningsAccumulatedLosses2024-06-3005317581ns5:RetainedEarningsAccumulatedLosses2023-06-3005317581ns5:PlantMachinery2023-07-012024-06-3005317581ns5:PlantMachinery2023-06-3005317581ns5:PlantMachinery2024-06-3005317581ns5:PlantMachinery2023-06-3005317581ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3005317581ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 05317581 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 30 June 2024

for

'K' Contracting (Builders) Limited

'K' Contracting (Builders) Limited (Registered number: 05317581)






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




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


'K' Contracting (Builders) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: M C Keohane





SECRETARY: CLEVEDON TRANSPORT MANAGEMENT LTD





REGISTERED OFFICE: Chapel House
1 Chapel Hill
Clevedon
North Somerset
BS21 7NL





REGISTERED NUMBER: 05317581 (England and Wales)





ACCOUNTANTS: PRIVATE ACCOUNTING SERVICES
Chapel House
1 Chapel Hill
Clevedon
North Somerset
BS21 7NL

'K' Contracting (Builders) Limited (Registered number: 05317581)

Report of the Director
for the Year Ended 30 June 2024

The director presents his report with the financial statements of the company for the year ended 30 June 2024.

DIRECTOR
M C Keohane held office during the whole of the period from 1 July 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





CLEVEDON TRANSPORT MANAGEMENT LTD - Secretary


15 March 2025

'K' Contracting (Builders) Limited (Registered number: 05317581)

Income Statement
for the Year Ended 30 June 2024

30.6.24 30.6.23
£    £    £    £   

TURNOVER 318,350 79,500

Cost of sales 437,053 32,072
GROSS (LOSS)/PROFIT (118,703 ) 47,428

Distribution costs 15,562 3,445
Administrative expenses 46,004 55,525
61,566 58,970
OPERATING LOSS (180,269 ) (11,542 )

Interest receivable and similar income 297 32
(179,972 ) (11,510 )

Interest payable and similar expenses 22,467 3,418
LOSS BEFORE TAXATION (202,439 ) (14,928 )

Tax on loss - 90,994
LOSS FOR THE FINANCIAL YEAR (202,439 ) (105,922 )

'K' Contracting (Builders) Limited (Registered number: 05317581)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,705 21,310

CURRENT ASSETS
Stocks 154,000 474,000
Debtors 5 2,426 67,085
Cash at bank 14,645 -
171,071 541,085
CREDITORS
Amounts falling due within one year 6 13,183 142,301
NET CURRENT ASSETS 157,888 398,784
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,593

420,094

CREDITORS
Amounts falling due after more than one
year

7

31,193

30,755
NET ASSETS 148,400 389,339

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 148,398 389,337
SHAREHOLDERS' FUNDS 148,400 389,339

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 director acknowledges his 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 15 March 2025 and were signed by:



M C Keohane - Director


'K' Contracting (Builders) Limited (Registered number: 05317581)

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

1. STATUTORY INFORMATION

'K' Contracting (Builders) 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.
Plant and machinery etc - 18% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

'K' Contracting (Builders) Limited (Registered number: 05317581)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 26,044
Additions 395
At 30 June 2024 26,439
DEPRECIATION
At 1 July 2023
and 30 June 2024 4,734
NET BOOK VALUE
At 30 June 2024 21,705
At 30 June 2023 21,310

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors - 67,085
Other debtors 2,426 -
2,426 67,085

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts - 48,982
Trade creditors 13,121 21,551
Taxation and social security - 13,877
Other creditors 62 57,891
13,183 142,301

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 31,193 30,755