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REGISTERED NUMBER: 05550930 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

K. B. Salmon (Building & Joinery)
Limited

K. B. Salmon (Building & Joinery)
Limited (Registered number: 05550930)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K. B. Salmon (Building & Joinery)
Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: K B Salmon
Miss R L Salmon





REGISTERED OFFICE: Grasmere
Gainsborough Road
Middle Rasen
Lincolnshire
LN8 3JU





REGISTERED NUMBER: 05550930 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

K. B. Salmon (Building & Joinery)
Limited (Registered number: 05550930)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,398 16,497
13,398 16,497

CURRENT ASSETS
Stocks 1,200 1,200
Debtors 6 3,923 61,735
Cash at bank 28,925 44,429
34,048 107,364
CREDITORS
Amounts falling due within one year 7 26,240 57,319
NET CURRENT ASSETS 7,808 50,045
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,206

66,542

PROVISIONS FOR LIABILITIES 1,172 3,134
NET ASSETS 20,034 63,408

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,934 63,308
20,034 63,408

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

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

K. B. Salmon (Building & Joinery)
Limited (Registered number: 05550930)

Balance Sheet - continued
30 September 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 21 March 2025 and were signed on its behalf by:





K B Salmon - Director


K. B. Salmon (Building & Joinery)
Limited (Registered number: 05550930)

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

1. STATUTORY INFORMATION

K. B. Salmon (Building & Joinery) 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

K. B. Salmon (Building & Joinery)
Limited (Registered number: 05550930)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 6,000
AMORTISATION
At 1 October 2023
and 30 September 2024 6,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2023
and 30 September 2024 3,054 17,810 3,381
DEPRECIATION
At 1 October 2023 3,054 7,199 3,122
Charge for year - 1,650 42
At 30 September 2024 3,054 8,849 3,164
NET BOOK VALUE
At 30 September 2024 - 8,961 217
At 30 September 2023 - 10,611 259

K. B. Salmon (Building & Joinery)
Limited (Registered number: 05550930)

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

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 10,000 619 34,864
DEPRECIATION
At 1 October 2023 4,373 619 18,367
Charge for year 1,407 - 3,099
At 30 September 2024 5,780 619 21,466
NET BOOK VALUE
At 30 September 2024 4,220 - 13,398
At 30 September 2023 5,627 - 16,497

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,923 59,735
Other loans 2,000 2,000
3,923 61,735

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors - 8,874
Tax - 5,700
Social security and other taxes 989 -
VAT 3,801 14,537
Directors' current accounts 20,750 27,508
Accrued expenses 700 700
26,240 57,319

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £5,010 (2023 - £5,600) were paid to the directors .

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K B Salmon.