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REGISTERED NUMBER: 08475050 (England and Wales)















KBS Pipework Limited

Unaudited Financial Statements for the Year Ended 30 June 2024






KBS Pipework Limited (Registered number: 08475050)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


KBS Pipework Limited

Company Information
for the Year Ended 30 June 2024







Director: KB Simpson





Secretary: KB Simpson





Registered office: 76 Arundel Road
Great Yarmouth
Norfolk
NR30 4LD





Registered number: 08475050 (England and Wales)





Accountants: Fairhead Bradford
5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP

KBS Pipework Limited (Registered number: 08475050)

Statement of Financial Position
30 June 2024

30/6/24 30/6/23
Notes £    £   
Current assets
Debtors 4 5,275 7,049
Cash at bank - 5,117
5,275 12,166
Creditors
Amounts falling due within one year 5 5,870 10,959
Net current (liabilities)/assets (595 ) 1,207
Total assets less current liabilities (595 ) 1,207

Capital and reserves
Called up share capital 50 50
Retained earnings (645 ) 1,157
Shareholders' funds (595 ) 1,207

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 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 director and authorised for issue on 14 March 2025 and were signed by:





KB Simpson - Director


KBS Pipework Limited (Registered number: 08475050)

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

1. Statutory information

KBS Pipework 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. 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 calculated so as to write off the cost of an asset, less its estimated residual value over its estimated useful life as follows:

Plant and machinery 25 % reducing balance basis.

Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

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

KBS Pipework Limited (Registered number: 08475050)

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

4. Debtors: amounts falling due within one year
30/6/24 30/6/23
£    £   
Other debtors 5,275 7,049

5. Creditors: amounts falling due within one year
30/6/24 30/6/23
£    £   
Corporation tax - 8,567
Other creditors & accruals 2,011 1,033
Directors' current accounts 3,859 1,359
5,870 10,959

6. Related party disclosures

a) During the year director KB Simpson made advances to the company, which were unsecured and interest free. At the year end the company owed KB Simpson £3,859 (2023 £1,359)

7. Ultimate controlling party

The ultimate controlling party is KB Simpson.

8. Going concern

The director considers that in preparing the financial statements that he has taken into account all the information that could reasonably be expected to be available. On this basis he considers it appropriate to prepare the financial statements on the going concern basis despite the company having net liabilities of £595 at the balance sheet date. The validity of the going concern basis is dependent upon the continued support of the director.