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REGISTERED NUMBER: 03321427 (England and Wales)















K & B ROUSE CONSTRUCTION LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






K & B ROUSE CONSTRUCTION LIMITED (REGISTERED NUMBER: 03321427)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2024










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


K & B ROUSE CONSTRUCTION LIMITED

COMPANY INFORMATION
For The Year Ended 31 August 2024







DIRECTORS: M Rouse
S Rouse
P Rouse



SECRETARY: S A Rouse



REGISTERED OFFICE: 75a Calow Lane
Chesterfield
Derbyshire
S41 0AX



REGISTERED NUMBER: 03321427 (England and Wales)



ACCOUNTANTS: The Rees Partnership
Bentley Bridge House
Chesterfield Road
Matlock
Derbyshire
DE4 5LE



BANKERS: Virgin Money
89 New Square
Chesterfield
Derbyshire
S40 1PH

K & B ROUSE CONSTRUCTION LIMITED (REGISTERED NUMBER: 03321427)

ABRIDGED BALANCE SHEET
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 266,976 281,442

CURRENT ASSETS
Stocks 176,750 152,071
Debtors 678,343 747,064
Cash at bank and in hand 745,573 727,292
1,600,666 1,626,427
CREDITORS
Amounts falling due within one year (583,418 ) (606,475 )
NET CURRENT ASSETS 1,017,248 1,019,952
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,284,224

1,301,394

PROVISIONS FOR LIABILITIES (66,745 ) (70,361 )

PENSION LIABILITY (21,000 ) (19,000 )
NET ASSETS 1,196,479 1,212,033

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,196,379 1,211,933
SHAREHOLDERS' FUNDS 1,196,479 1,212,033

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

K & B ROUSE CONSTRUCTION LIMITED (REGISTERED NUMBER: 03321427)

ABRIDGED BALANCE SHEET - continued
31 August 2024



The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





M Rouse - Director


K & B ROUSE CONSTRUCTION LIMITED (REGISTERED NUMBER: 03321427)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2024


1. STATUTORY INFORMATION

K & B Rouse Construction 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Stocks
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.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on as incurred over the lease term.

Pension costs and other post-retirement benefits
For a defined benefit scheme, the liability recorded in the balance sheet is the present value of the defined obligation at that date. The defined benefit obligation is calculated on an annual basis by independent actuaries.

Actuarial gains and losses are recognised in full in the period in which they occur and are shown in Other Comprehensive Income.

Current and past service costs, along with settlements or curtailments, are charged to the Income Statement. Interest on pension plan liabilities are recognised within finance expense.

The company also operate a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit & loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 17 ) .

K & B ROUSE CONSTRUCTION LIMITED (REGISTERED NUMBER: 03321427)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 346,977
Additions 32,650
At 31 August 2024 379,627
DEPRECIATION
At 1 September 2023 65,535
Charge for year 47,116
At 31 August 2024 112,651
NET BOOK VALUE
At 31 August 2024 266,976
At 31 August 2023 281,442

5. CONTINGENT LIABILITIES

Following a review, HMRC have determined that the company have an outstanding liability in relation to Pension Obligation Arrangements totalling £186,620. This has been appealed by the company and a decision from HMRC is outstanding.

6. RELATED PARTY DISCLOSURES

The company is owned 100% by K&B Rouse Holdings Limited. All transactions were conducted on normal commercial terms.

7. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, by virtue of their shareholdings.