K Neville Property Maintenance Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 13152806 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

K Neville Property Maintenance Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K D Neville

SECRETARY:

REGISTERED OFFICE:

6 High Street

Wheathampstead

Hertfordshire

AL4 8AA

REGISTERED NUMBER:

13152806 (England and Wales)

ACCOUNTANTS:

Fenlon & Co

Chartered Certified Accountants

6 High Street

Wheathampstead

Hertfordshire

AL4 8AA

FIXED ASSETS

Tangible assets

4

12,301

15,653

CURRENT ASSETS

Stocks

1,375

700

Debtors

5

8,198

4,982

Cash at bank

26,768

3,589

36,341

9,271

CREDITORS

Amounts falling due within one year

6

23,010

4,696

NET CURRENT ASSETS

13,331

4,575

TOTAL ASSETS LESS CURRENT
LIABILITIES

25,632

20,228

PROVISIONS FOR LIABILITIES

7

2,300

3,000

NET ASSETS

23,332

17,228

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

23,232

17,128

SHAREHOLDERS' FUNDS

23,332

17,228

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 26 June 2025 and were signed by:

K D Neville - Director

1.	STATUTORY INFORMATION

K Neville Property Maintenance Limited is a private company limited by shares and incorporated in England and Wales Its registered office is Rivermill House, 6 High Street, Wheathampstead, Herts, AL4 8AA.

The financial statements are presented in Sterling, which is the functional currency of the company

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.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.

Tangible fixed assets & depreciation

Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and Equipment -

25% Reducing Balance

Motor Vehicles -

25% 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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Dividends

Final ordinary dividends payable to shareholders of the Company are recognised in the period that they are approved by the shareholders. Interim ordinary dividends are recognised in the period that they are paid.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 February 2024

1,093

19,995

21,088

Additions

748

-

748

At 31 January 2025

1,841

19,995

21,836

DEPRECIATION

At 1 February 2024

436

4,999

5,435

Charge for year

351

3,749

4,100

At 31 January 2025

787

8,748

9,535

NET BOOK VALUE

At 31 January 2025

1,054

11,247

12,301

At 31 January 2024

657

14,996

15,653

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Other debtors

8,198

4,982

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Tax

3,931

1,370

Social security and other taxes

5,849

1,443

Accruals & other creditors

2,300

1,353

Directors' loan accounts

10,930

530

23,010

4,696

7.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

Deferred tax

2,300

3,000

Deferred

tax

£

Balance at 1 February 2024

3,000

Utilised during year

(700

)

Balance at 31 January 2025

2,300

The provision for deferred taxation consists of the tax effect of timing differences in respect of excess of taxation allowances over depreciation on fixed assets.