Registered number
02113068
K.I.G. Construction Limited
Accounts
For the Year ended
31 March 2025
Oakensen
Chartered Accountants
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
K.I.G. Construction Limited
Registered number: 02113068
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 113,128 118,686
Current assets
Debtors 4 1,466 2,740
Cash at bank and in hand 58,067 37,001
59,533 39,741
Creditors: amounts falling due within one year 5 (5,101) (1,305)
Net current assets 54,432 38,436
Total assets less current liabilities 167,560 157,122
Creditors: amounts falling due after more than one year 6 (32,880) (33,068)
Net assets 134,680 124,054
Capital and reserves
Called up share capital 2 2
Profit and loss account 134,678 124,052
Shareholders' funds 134,680 124,054
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 members have 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 I Gapper
Director
Approved by the board on 20 August 2025
K.I.G. Construction Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised upon the completion of work.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated 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:
Plant and machinery 5 years
Motor vehicles 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.
Creditors
Short term creditors are measured at transaction price which is usually the invoice price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 105,551 16,201 51,830 173,582
Additions - 583 - 583
Disposals - (860) - (860)
At 31 March 2025 105,551 15,924 51,830 173,305
Depreciation
At 1 April 2024 - 13,624 41,272 54,896
Charge for the year - 862 5,279 6,141
On disposals - (860) - (860)
At 31 March 2025 - 13,626 46,551 60,177
Net book value
At 31 March 2025 105,551 2,298 5,279 113,128
At 31 March 2024 105,551 2,577 10,558 118,686
4 Debtors 2025 2024
£ £
Trade debtors - 1,414
Other debtors 1,466 1,326
1,466 2,740
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 3,692 42
Other creditors 1,409 1,263
5,101 1,305
6 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors 32,880 33,068
7 Related party transactions
Included in creditors due after one year includes an amount of £31,580 (2023 - £33,068) due to the director.
8 Other information
K.I.G. Construction Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Racing Lodge
Lansdown
Bath
BA1 9BT
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