REGISTERED NUMBER: 07370880 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KPS CONSTRUCTION LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Kent

D E Kent

REGISTERED OFFICE:

2 The Drive

Windyridge

Dinas Powys

Vale of Glamorgan

CF64 4AX

REGISTERED NUMBER:

07370880 (England and Wales)

ACCOUNTANTS:

DAVID WRIGHT ACCOUNTANTS LIMITED

Unit 10

Bridgend Business Park

Bennett Street

Bridgend

Glamorgan

CF31 3SH

FIXED ASSETS

Tangible assets

4

27,488

23,881

CURRENT ASSETS

Stocks

6,000

-

Debtors

5

604,631

634,822

Investments

6

50

50

Cash at bank

33,658

31,045

644,339

665,917

CREDITORS

Amounts falling due within one year

7

133,979

159,527

NET CURRENT ASSETS

510,360

506,390

TOTAL ASSETS LESS CURRENT LIABILITIES

537,848

530,271

CREDITORS

Amounts falling due after more than one year

8

(37,402

)

(47,212

)

PROVISIONS FOR LIABILITIES

(5,223

)

-

NET ASSETS

495,223

483,059

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

495,221

483,057

SHAREHOLDERS' FUNDS

495,223

483,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

C J Kent - Director

D E Kent - Director

1.	STATUTORY INFORMATION

KPS Construction Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost and 25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

34,556

Additions

13,163

At 31 December 2024

47,719

DEPRECIATION

At 1 January 2024

10,675

Charge for year

9,556

At 31 December 2024

20,231

NET BOOK VALUE

At 31 December 2024

27,488

At 31 December 2023

23,881

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

26,250

DEPRECIATION

At 1 January 2024

3,828

Charge for year

5,606

At 31 December 2024

9,434

NET BOOK VALUE

At 31 December 2024

16,816

At 31 December 2023

22,422

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

7,138

-

Amounts owed by group undertakings

313,795

304,130

Other debtors

283,698

330,692

604,631

634,822

6.	CURRENT ASSET INVESTMENTS

31/12/24

31/12/23

£

£

Shares in group undertakings

50

50

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

4,900

4,900

Hire purchase contracts

4,912

3,694

Trade creditors

14,144

32,299

Amounts owed to group undertakings

12,484

12,484

Taxation and social security

12,570

8,567

Other creditors

84,969

97,583

133,979

159,527

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans

21,544

26,443

Hire purchase contracts

15,858

20,769

37,402

47,212

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31/12/24

31/12/23

£

£

C J Kent

Balance outstanding at start of year

47,744

(129,709

)

Amounts advanced

203,050

177,453

Amounts repaid

(258,509

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(7,715

)

47,744

10.	RELATED PARTY DISCLOSURES

During the year , the company made sales invoices totalling net £80,853 to Triangle Property Holdings Ltd , a subsidiary 50% owned by KPS Construction Ltd.

At the year end , the trading balances were:

£7,138 owed from Triangle Property Holdings Ltd

The intercompany balance was £313,795 owed from Triangle Property Holdings Ltd at the year end.

The intercompany balance was £12,484 owed to Triangle Property Cowbridge Ltd , a subsidiary wholly owed by Triangle Property Holdings Ltd.

The intercompany loans have not been discounted to present value as under the terms of the loans they are repayable on demand.