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Company Registration No. 05879566 (England and Wales)
K16 Contracts Limited Unaudited accounts for the year ended 31 July 2024
K16 Contracts Limited Unaudited accounts Contents
Page
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K16 Contracts Limited Company Information for the year ended 31 July 2024
Director
Kieran Clancy
Secretary
Ann Marie Clancy
Company Number
05879566 (England and Wales)
Registered Office
8 PILGRIM CLOSE PARK STREET ST. ALBANS AL2 2JD ENGLAND
Accountants
GIA Foley & Co West Clayton Business Centre Berry Lane Chorleywood Hertfordshire WD3 5EX
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K16 Contracts Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,785 
9,046 
Current assets
Debtors
37,952 
36,606 
Cash at bank and in hand
18 
2,542 
37,970 
39,148 
Creditors: amounts falling due within one year
(33,924)
(31,780)
Net current assets
4,046 
7,368 
Total assets less current liabilities
10,831 
16,414 
Creditors: amounts falling due after more than one year
(10,731)
(16,314)
Net assets
100 
100 
Capital and reserves
Called up share capital
100 
100 
Shareholders' funds
100 
100 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 April 2025 and were signed on its behalf by
Kieran Clancy Director Company Registration No. 05879566
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K16 Contracts Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
K16 Contracts Limited is a private company, limited by shares, registered in England and Wales, registration number 05879566. The registered office is 8 PILGRIM CLOSE, PARK STREET, ST. ALBANS, AL2 2JD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing balance method
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 August 2023
17,600 
At 31 July 2024
17,600 
Depreciation
At 1 August 2023
8,554 
Charge for the year
2,261 
At 31 July 2024
10,815 
Net book value
At 31 July 2024
6,785 
At 31 July 2023
9,046 
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K16 Contracts Limited Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,760 
4,000 
Other debtors
34,192 
32,606 
37,952 
36,606 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,656 
5,805 
VAT
1,706 
9,719 
Taxes and social security
17,540 
16,256 
Other creditors
9,022 
- 
33,924 
31,780 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,731 
16,314 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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