ACCOUNTS - Final Accounts preparation

Company registration number: 10630447

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2024

	K CARVELL BUILDERS LIMITED


K CARVELL BUILDERS LIMITED

COMPANY INFORMATION

Directors	K Carvell
	K L Cooper


Registered number	10630447


Registered office	Menzies LLP
	Magna House
	18-32 London Road
	Staines-Upon-Thames
	Surrey
	TW18 4BP


Trading Address	49 Newfield Gardens
	Marlow
	Buckinghamshire
	SL7 1JR



Accountants	Menzies LLP
	Chartered Accountants
	Magna House
	18-32 London Road
	Staines-Upon-Thames
	TW18 4BP


K CARVELL BUILDERS LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 6


K CARVELL BUILDERS LIMITED REGISTERED NUMBER:10630447

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		7,583		1,507
			7,583		1,507
Current assets
Stocks		2,450		2,450
Debtors: amounts falling due within one year	5	100,210		132,623
		102,660		135,073
Creditors: amounts falling due within one year	6	(99,532)		(37,335)
Net current assets			3,128		97,738
Total assets less current liabilities			10,711		99,245
Creditors: amounts falling due after more than one year	7		(18,465)		(98,771)

Net (liabilities)/assets			(7,754)		474

Capital and reserves
Called up share capital	100	100
Profit and loss account	(7,854)	374
	(7,754)	474

Page 1


K CARVELL BUILDERS LIMITED REGISTERED NUMBER:10630447

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

K Carvell

Director

Date: 23 September 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2


K CARVELL BUILDERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

1.	General information

K Carvell Builders Limited is a private company, limited by shares, registered in England and Wales. The company's registered office address and principle place of business can be found on the Company Information page.
The presentational currency of the financial statements is the Pound Sterlings (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

At the balance sheet date of 31 March 2024 the company shows net liabilities of £7,754 (2023: net assets of £474). Due to the ongoing support of the directors, and expectation regarding future trading performance, the company expects to meet its liabilities as they fall due, the company has prepared its financial statements on a going concern basis.

2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is generated through the provision of building services. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4

Operating leases: the company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Page 3


K CARVELL BUILDERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

				Plant and machinery	-	15%	reducing balance
				Motor vehicles	-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Work in progess

Work in progress is stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Work in progress includes both properties and land held for development purposes

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4


K CARVELL BUILDERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

4.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost or valuation
At 1 April 2023	3,995	-	3,995
Additions	-	6,875	6,875
At 31 March 2024	3,995	6,875	10,870
Depreciation
At 1 April 2023	2,488	-	2,488
Charge for the year on owned assets	226	573	799
At 31 March 2024	2,714	573	3,287
Net book value
At 31 March 2024	1,281	6,302	7,583
At 31 March 2023	1,507	-	1,507

Debtors

					2024	2023
					£	£


Trade debtors	20,448	49,323
Other debtors	58,742	62,280
Tax recoverable	21,020	21,020
	100,210	132,623

Page 5


K CARVELL BUILDERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank overdrafts	4,673	5,421
Trade creditors	414	888
Other creditors	11,980	-
Corporation tax	1,415	20,990
Other taxation and social security	72,394	-
Bank loans	5,556	5,556
Accruals and deferred income	3,100	4,480
	99,532	37,335

The loan amount of £5,556, included within creditors, is guaranteed under the Bounce Back Loan Scheme (BBLS) by the UK Government.

7.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Bank loans	18,465	31,706
Other taxation and social security	-	67,065
	18,465	98,771

The loan amount of £18,465, included within creditors, is guaranteed under the Bounce Back Loan Scheme (BBLS) by the UK Government.

8.	Transactions with directors
	The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023. The loan is interest bearing at 3%.
		2024	2023
		£	£

Balance outstanding at start of year	62,280	50,439
Amounts advanced	31,570	50,044
Amounts repaid	(35,108)	(38,203)
	58,742	62,280

Page 6