6 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 08735949 2024-01-01 2024-12-31 08735949 2024-12-31 08735949 2023-12-31 08735949 2023-01-01 2023-12-31 08735949 2023-12-31 08735949 2022-12-31 08735949 core:PlantMachinery 2024-01-01 2024-12-31 08735949 core:MotorVehicles 2024-01-01 2024-12-31 08735949 bus:Director2 2024-01-01 2024-12-31 08735949 core:PlantMachinery 2023-12-31 08735949 core:MotorVehicles 2023-12-31 08735949 core:PlantMachinery 2024-12-31 08735949 core:MotorVehicles 2024-12-31 08735949 core:WithinOneYear 2024-12-31 08735949 core:WithinOneYear 2023-12-31 08735949 core:AfterOneYear 2024-12-31 08735949 core:AfterOneYear 2023-12-31 08735949 core:ShareCapital 2024-12-31 08735949 core:ShareCapital 2023-12-31 08735949 core:RetainedEarningsAccumulatedLosses 2024-12-31 08735949 core:RetainedEarningsAccumulatedLosses 2023-12-31 08735949 core:PlantMachinery 2023-12-31 08735949 core:MotorVehicles 2023-12-31 08735949 bus:SmallEntities 2024-01-01 2024-12-31 08735949 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08735949 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08735949 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08735949 bus:FullAccounts 2024-01-01 2024-12-31 08735949 core:OfficeEquipment 2024-01-01 2024-12-31 08735949 core:OfficeEquipment 2023-12-31 08735949 core:OfficeEquipment 2024-12-31
COMPANY REGISTRATION NUMBER: 08735949

Kinsman Construction Cheltenham Limited

Filleted Unaudited Financial Statements

31 December 2024

Kinsman Construction Cheltenham Limited

Financial Statements

Year ended 31 December 2024

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 3

Kinsman Construction Cheltenham Limited

Statement of Financial Position

31 December 2024

| 2024 | 2023
Note | £ | £

Fixed assets

Tangible assets | 5 | 35,308 | 41,434

Current assets

Stocks | 9,641 | 5,018
Debtors | 6 | 52,136 | 17,148
Cash at bank and in hand | – | 79,341
| -------- | ---------
| 61,777 | 101,507

Creditors: amounts falling due within one year | 7 | 90,884 | 115,572
| -------- | ---------
Net current liabilities | 29,107 | 14,065
| -------- | --------
Total assets less current liabilities | 6,201 | 27,369

Creditors: amounts falling due after more than one year | 8 | 2,871 | 13,015

Provisions | 3,173 | 3,173
| ------- | --------
Net assets | 157 | 11,181
| ------- | --------

Capital and reserves

Called up share capital | 100 | 100
Profit and loss account | 57 | 11,081
| ---- | --------
Shareholders funds | 157 | 11,181
| ---- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Kinsman Construction Cheltenham Limited

Statement of Financial Position (continued)

31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 5 September 2025 , and are signed on behalf of the board by:

Mr D Coltman
Director

Company registration number: 08735949

Kinsman Construction Cheltenham Limited

Notes to the Financial Statements

Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 8 Home Close, Cheltenham, GL51 0DB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant & Machinery | - | 20% straight line
| Motor Vehicles | - | 25% reducing balance
| Equipment | - | 40% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2023: 6 ).
5. Tangible assets

| Plant and machinery | Motor vehicles | Equipment | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 January 2024 | 14,328 | 63,278 | 7,424 | 85,030
Additions | 5,080 | – | – | 5,080
| -------- | -------- | ------- | --------
At 31 December 2024 | 19,408 | 63,278 | 7,424 | 90,110
| -------- | -------- | ------- | --------
Depreciation |  |  |  |
At 1 January 2024 | 10,256 | 28,802 | 4,538 | 43,596
Charge for the year | 1,260 | 8,620 | 1,326 | 11,206
| -------- | -------- | ------- | --------
At 31 December 2024 | 11,516 | 37,422 | 5,864 | 54,802
| -------- | -------- | ------- | --------
Carrying amount |  |  |  |
At 31 December 2024 | 7,892 | 25,856 | 1,560 | 35,308
| -------- | -------- | ------- | --------
At 31 December 2023 | 4,072 | 34,476 | 2,886 | 41,434
| -------- | -------- | ------- | --------

6. Debtors

| 2024 | 2023
| £ | £
Trade debtors | 37,273 | 179
Other debtors | 14,863 | 16,969
| -------- | --------
| 52,136 | 17,148
| -------- | --------

7. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 23,951 | 4,250
Trade creditors | 22,668 | 52,573
Social security and other taxes | 36,252 | 50,531
Other creditors | 8,013 | 8,218
| -------- | ---------
| 90,884 | 115,572
| -------- | ---------

8. Creditors: amounts falling due after more than one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 1,447 | 5,895
Other creditors | 1,424 | 7,120
| ------- | --------
| 2,871 | 13,015
| ------- | --------

9. Directors' advances, credits and guarantees
There were no material transactions with Directors during the year that were not concluded under normal market conditions.