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Registration number: 14851599

K-S Construction Group Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2025

 

K-S Construction Group Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

K-S Construction Group Ltd

(Registration number: 14851599)
Balance Sheet as at 31 May 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

5,833

7,833

Tangible assets

5

105,947

19,917

 

111,780

27,750

Current assets

 

Stocks

6

300

-

Debtors

7

203,456

4,795

Cash at bank and in hand

 

201,489

59,117

 

405,245

63,912

Creditors: Amounts falling due within one year

8

(293,195)

(65,151)

Net current assets/(liabilities)

 

112,050

(1,239)

Total assets less current liabilities

 

223,830

26,511

Provisions for liabilities

(26,487)

(3,784)

Net assets

 

197,343

22,727

Capital and reserves

 

Called up share capital

100

100

Retained earnings

197,243

22,627

Shareholders' funds

 

197,343

22,727

 

K-S Construction Group Ltd

(Registration number: 14851599)
Balance Sheet as at 31 May 2025

For the financial year ending 31 May 2025 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 Profit and Loss Account.

Approved and authorised by the director on 12 August 2025
 

.........................................
Mr Solomon Matthew Joseph Kidd-Smithers
Director

 

K-S Construction Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1

General information

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

The address of its registered office is:
Eagles Nest - Cabin 17C
Dunston Business Village
Dunston
Staffordshire
ST18 9AB

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.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

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

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.

 

K-S Construction Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

The current 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 balance sheet 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

25% straight line

Office equipment

25% straight line

Motor vehicles

20% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date.Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% straight line over 5 years

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-S Construction Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 1).

 

K-S Construction Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 June 2024

10,000

10,000

At 31 May 2025

10,000

10,000

Amortisation

At 1 June 2024

2,167

2,167

Amortisation charge

2,000

2,000

At 31 May 2025

4,167

4,167

Carrying amount

At 31 May 2025

5,833

5,833

At 31 May 2024

7,833

7,833

5

Tangible assets

Office equipment
£

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 June 2024

3,212

15,450

2,977

21,639

Additions

3,777

100,317

-

104,094

Disposals

(920)

(11,450)

-

(12,370)

At 31 May 2025

6,069

104,317

2,977

113,363

Depreciation

At 1 June 2024

505

628

589

1,722

Charge for the year

1,250

3,919

748

5,917

Eliminated on disposal

(128)

(95)

-

(223)

At 31 May 2025

1,627

4,452

1,337

7,416

Carrying amount

At 31 May 2025

4,442

99,865

1,640

105,947

At 31 May 2024

2,707

14,822

2,388

19,917

 

K-S Construction Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

6

Stocks

2025
£

2024
£

Other inventories

300

-

7

Debtors

Current

Note

2025
£

2024
£

Trade debtors

 

76,547

-

Amounts owed by related parties

643

325

Other debtors

 

126,266

4,470

   

203,456

4,795

8

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

86,655

843

Taxation and social security

139,055

30,394

Other creditors

67,485

33,914

293,195

65,151