Registration number: 04264461

K & L M Builders Limited

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

K & L M Builders Limited

(Registration number: 04264461)
Statement of Financial Position as at 30 September 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	44,856	17,857
Current assets
Stocks	5	1,278	5,642
Debtors	6	110,349	82,136
Cash at bank and in hand		464,599	417,379
		576,226	505,157
Creditors: Amounts falling due within one year	7	(106,246)	(81,191)
Net current assets		469,980	423,966
Total assets less current liabilities		514,836	441,823
Creditors: Amounts falling due after more than one year	7	(1,933)	(4,833)
Provisions for liabilities		(11,214)	(4,464)
Net assets		501,689	432,526
Capital and reserves
Called up share capital		2	2
Retained earnings		501,687	432,524
Shareholders' funds		501,689	432,526

K & L M Builders Limited

(Registration number: 04264461)
Statement of Financial Position as at 30 September 2024

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 10 June 2025
 

......................................... Mr K P Ryan Director

K & L M Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
26 The Coppice
Hale Barns
Altrincham
Cheshire
WA15 0DU
United Kingdom

These financial statements were authorised for issue by the director on 10 June 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants receivable are released to the profit and loss account on the accruals basis.

K & L M Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% and 25% on cost
Fixtures and fittings	25% on cost
Motor vehicles	25% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

K & L M Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the income statement.
 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 4).

K & L M Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 October 2023	9,179	89,658	98,837
Additions	170	45,014	45,184
Disposals	-	(27,200)	(27,200)
At 30 September 2024	9,349	107,472	116,821
Depreciation
At 1 October 2023	8,412	72,568	80,980
Charge for the year	419	17,766	18,185
Eliminated on disposal	-	(27,200)	(27,200)
At 30 September 2024	8,831	63,134	71,965
Carrying amount
At 30 September 2024	518	44,338	44,856
At 30 September 2023	767	17,090	17,857

5

Stocks

	2024 £	2023 £
Other inventories	1,278	5,642

K & L M Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Debtors

Current	2024 £	2023 £
Trade debtors	108,541	80,473
Prepayments	1,808	1,663
	110,349	82,136

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	8	2,900	2,900
Trade creditors		6,521	8,366
Taxation and social security		37,506	57,071
Accruals and deferred income		10,654	11,597
Other creditors		48,665	1,257
		106,246	81,191

Creditors include net obligations under hire purchase contracts which are secured of £,2,900 (2023 - £2,900).
Hire purchase contracts are secured on the asset to which they relate.

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	1,933	4,833

Creditors include net obligations under hire purchase contracts which are secured of £1,933 (2023 - £4,833).
Hire purchase contracts are secured on the asset to which they relate.

K & L M Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Hire purchase contracts	1,933	4,833

Current loans and borrowings

	2024 £	2023 £
Hire purchase contracts	2,900	2,900