Registered number
04488552
KJ Kilford Carpentry Contractors Limited
Filleted Accounts
30 September 2024
KJ Kilford Carpentry Contractors Limited
Registered number: 04488552
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 39,629 3,606
Current assets
Stocks 20,173 55,004
Debtors 4 243,509 316,371
Cash at bank and in hand 325,934 247,791
589,616 619,166
Creditors: amounts falling due within one year 5 (109,893) (177,084)
Net current assets 479,723 442,082
Total assets less current liabilities 519,352 445,688
Creditors: amounts falling due after more than one year 6 (30,550) (17,625)
Provisions for liabilities (9,511) (902)
Net assets 479,291 427,161
Capital and reserves
Called up share capital 100 100
Profit and loss account 479,191 427,061
Shareholders' funds 479,291 427,161
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
KJ Kilford
Director
Approved by the board on 10 May 2025
KJ Kilford Carpentry Contractors Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 11
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 41,429 10,684 52,113
Additions 2,188 46,024 48,212
Disposals - (2,388) (2,388)
At 30 September 2024 43,617 54,320 97,937
Depreciation
At 1 October 2023 39,482 9,025 48,507
Charge for the year 1,326 10,864 12,190
On disposals - (2,389) (2,389)
At 30 September 2024 40,808 17,500 58,308
Net book value
At 30 September 2024 2,809 36,820 39,629
At 30 September 2023 1,947 1,659 3,606
4 Debtors 2024 2023
£ £
Trade debtors 92,048 164,759
Other debtors 151,461 151,612
243,509 316,371
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 10,648
Obligations under finance lease and hire purchase contracts 6,799 -
Trade creditors 44,560 89,220
Taxation and social security costs 58,535 77,216
Other creditors (1) -
109,893 177,084
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 17,625
Obligations under finance lease and hire purchase contracts 30,550 -
30,550 17,625
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
KJ Kilford
Loan 3,411 1,204 (3,411) 1,204
3,411 1,204 (3,411) 1,204
8 Related party transactions 2024 2023
£ £
KJ Kilford Building Services Ltd
Associated company
Interest free loan
Amount due from the related party 173 139
Oaken Ltd
Interest free loan
Amount due from the related party 144,000 144,000
9 Controlling party
The company is controlled by KJ Kilford.
10 Other information
KJ Kilford Carpentry Contractors Limited is a private company limited by shares and incorporated in England. Its registered office is:
c/o Philip Bowdidge Accountancy
34 Ringwood Road
Walkford
Christchurch
BH23 5RD
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