Registered number
13381217
KS CIVILS & GROUNDWORKS LTD
Filleted Accounts
31 May 2025
KS CIVILS & GROUNDWORKS LTD
Registered number: 13381217
Balance Sheet
as at 31 May 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 197,320 143,684
Current assets
Debtors 4 314,652 169,999
Cash at bank and in hand 100 92,661
314,752 262,660
Creditors: amounts falling due within one year 5 (155,864) (70,006)
Net current assets 158,888 192,654
Total assets less current liabilities 356,208 336,338
Creditors: amounts falling due after more than one year 6 (67,894) (22,133)
Net assets 288,314 314,205
Capital and reserves
Called up share capital 100 100
Profit and loss account 288,214 314,105
Shareholder's funds 288,314 314,205
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
K SMITH
Director
Approved by the board on 10 June 2025
KS CIVILS & GROUNDWORKS LTD
Notes to the Accounts
for the year ended 31 May 2025
1 Accounting policies
General information and basis of preparation
KS Civils & Groundworks Ltd is a private company limited by shares incorporated in England and Wales, United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements. The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £000.
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and 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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2024 9,049 179,983 189,032
Additions 3,010 93,565 96,575
At 31 May 2025 12,059 273,548 285,607
Depreciation
At 1 June 2024 1,447 43,901 45,348
Charge for the year 1,840 41,099 42,939
At 31 May 2025 3,287 85,000 88,287
Net book value
At 31 May 2025 8,772 188,548 197,320
At 31 May 2024 7,602 136,082 143,684
4 Debtors 2025 2024
£ £
Trade debtors 289,321 144,189
VAT 25,024 23,774
Other debtors 307 2,036
314,652 169,999
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 4,226 -
Obligations under finance lease and hire purchase contracts 38,808 8,909
Trade creditors 21,267 347
Taxation and social security costs 45,888 38,043
Other creditors 45,675 22,707
155,864 70,006
6 Creditors: amounts falling due after one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 67,894 22,133
7 Other information
KS CIVILS & GROUNDWORKS LTD is a private company limited by shares and incorporated in England. Its registered office is:
8 Poole Square
Leeds
LS15 7HF
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