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REGISTERED NUMBER: 09738687 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

K & B BUILDERS (SOUTH WEST) LTD

K & B BUILDERS (SOUTH WEST) LTD (REGISTERED NUMBER: 09738687)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K & B BUILDERS (SOUTH WEST) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: K J Francis
B R Francis





REGISTERED OFFICE: 32 The Square
Gillingham
Dorset
SP8 4AR





REGISTERED NUMBER: 09738687 (England and Wales)





ACCOUNTANTS: Andrews and Palmer
Chartered Accountants
32 The Square
Gillingham
Dorset
SP8 4AR

K & B BUILDERS (SOUTH WEST) LTD (REGISTERED NUMBER: 09738687)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 58,979 47,641

CURRENT ASSETS
Stocks 163,370 81,652
Debtors 5 123,193 214,428
Cash at bank 142,083 134,531
428,646 430,611
CREDITORS
Amounts falling due within one year 6 428,353 271,770
NET CURRENT ASSETS 293 158,841
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,272

206,482

CREDITORS
Amounts falling due after more than one
year

7

(17,460

)

-

PROVISIONS FOR LIABILITIES (13,908 ) (9,939 )
NET ASSETS 27,904 196,543

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 27,804 196,443
SHAREHOLDERS' FUNDS 27,904 196,543

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 BUILDERS (SOUTH WEST) LTD (REGISTERED NUMBER: 09738687)

BALANCE SHEET - continued
31 AUGUST 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 20 May 2025 and were signed on its behalf by:





K J Francis - Director


K & B BUILDERS (SOUTH WEST) LTD (REGISTERED NUMBER: 09738687)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

K & B Builders (South West) Ltd 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 represents net invoiced sales of goods and services, excluding value added tax. Turnover is recognised in the period to which it relates.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Financial instruments
Basic financial instruments are measured at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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 BUILDERS (SOUTH WEST) LTD (REGISTERED NUMBER: 09738687)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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.

Long term contracts
Revenue from long-term contracts is recognised on the basis of work completed, estimated at the balance sheet date. Profit on long-term contracts is taken only when their outcome can be foreseen with reasonable certainty and is based upon the appropriate proportion of the expected overall profit at completion of the contract. Foreseeable losses on contracts in progress at the balance sheet date are recognised in full.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 3,570 22,729 2,547
Additions - 1,009 2,438
Disposals - - -
At 31 August 2024 3,570 23,738 4,985
DEPRECIATION
At 1 September 2023 714 11,881 789
Charge for year 357 2,970 1,050
Eliminated on disposal - - -
At 31 August 2024 1,071 14,851 1,839
NET BOOK VALUE
At 31 August 2024 2,499 8,887 3,146
At 31 August 2023 2,856 10,848 1,758

K & B BUILDERS (SOUTH WEST) LTD (REGISTERED NUMBER: 09738687)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 60,193 3,362 92,401
Additions 28,500 3,646 35,593
Disposals (13,150 ) - (13,150 )
At 31 August 2024 75,543 7,008 114,844
DEPRECIATION
At 1 September 2023 28,553 2,823 44,760
Charge for year 13,995 1,723 20,095
Eliminated on disposal (8,990 ) - (8,990 )
At 31 August 2024 33,558 4,546 55,865
NET BOOK VALUE
At 31 August 2024 41,985 2,462 58,979
At 31 August 2023 31,640 539 47,641

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 19,647 75,047
Amounts recoverable on contract 58,086 101,328
Other debtors 45,460 38,053
123,193 214,428

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts (see note 8) 5,114 -
Trade creditors 242,262 195,703
Taxation and social security 84,253 46,081
Other creditors 96,724 29,986
428,353 271,770

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts (see note 8) 17,460 -

K & B BUILDERS (SOUTH WEST) LTD (REGISTERED NUMBER: 09738687)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.8.24 31.8.23
£    £   
Net obligations repayable:
Within one year 5,114 -
Between one and five years 17,460 -
22,574 -

Non-cancellable operating leases
31.8.24 31.8.23
£    £   
Within one year 10,520 10,250
Between one and five years 24,864 35,384
35,384 45,634

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1.00 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
K J Francis
Balance outstanding at start of year - 9,381
Amounts repaid - (9,381 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -