REGISTERED NUMBER: 04586279 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

KAM Construction Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

10

DIRECTORS:

Mr S P Blurton

Mr K A Moriarty

Mrs S Moriarty

SECRETARY:

Mrs S Moriarty

REGISTERED OFFICE:

Pacioli House

9 Brookfield, Duncan Close

Moulton Park

Northampton

Northamptonshire

NN3 6WL

REGISTERED NUMBER:

04586279 (England and Wales)

ACCOUNTANTS:

Clifford Roberts

Chartered Accountants

Pacioli House

9 Brookfield

Duncan Close

Northampton

Northamptonshire

NN3 6WL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

827,723

536,426

827,723

536,426

CURRENT ASSETS

Debtors

6

1,183,845

1,969,170

Cash at bank

1,353,648

1,025,205

2,537,493

2,994,375

CREDITORS

Amounts falling due within one year

7

1,138,551

984,152

NET CURRENT ASSETS

1,398,942

2,010,223

TOTAL ASSETS LESS CURRENT LIABILITIES

2,226,665

2,546,649

CREDITORS

Amounts falling due after more than one year

8

(166,300

)

(160,811

)

PROVISIONS FOR LIABILITIES

(118,472

)

(68,259

)

NET ASSETS

1,941,893

2,317,579

CAPITAL AND RESERVES

Called up share capital

12

100

100

Revaluation reserve

13

137,532

-

Retained earnings

1,804,261

2,317,479

SHAREHOLDERS' FUNDS

1,941,893

2,317,579

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

Mr K A Moriarty - Director

Mr S P Blurton - Director

1.	STATUTORY INFORMATION

KAM Construction Limited 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.

The company's principal place of business at Unit 4 Moor Knoll House, Weedon Road Industrial Estate, Northampton, NN5 5AX

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 - "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis modified to include the deemed cost of freehold property.

The financial statements are presented in Sterling (£) and cover the period to the 31st March each year.

Significant judgements and estimates

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis.

The estimates and assumptions applied to the carrying amount of assets and liabilities are as follows:

Determining the fair value of freehold property

The fair value of the freehold property is based on the value of similar properties in the area, as determined by the directors. The directors consider the value of freehold property to be the fair value at the date of revaluation less any subsequent depreciation. The value of the property is reviewed annually and adjusted where the value identified moves significantly form the carrying value at the balance sheet date.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, value added tax and other sales taxes. Turnover includes revenue earned from the rendering of services.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows;

Freehold Property

-

over 50 years straight line

Plant and machinery

-

over 4 years straight line

Fixtures, fittings and equipment

-

over 4 & 5 years straight line

Motor vehicles

-

over 4 years straight line

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 taxation

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 under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to profit and loss over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight line basis over the lease term.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Interest bearing borrowings

Interest bearing borrowings are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, interest bearing borrowings are stated at amortised cost with any difference between the amount initially recognised and redemption value being recognised in the statement of comprehensive income over the period of the borrowings, together with any interest and fees payable, using the effective interest method.

Provisions for liabilities

Provisions are recognised when the group has a present legal or constructive obligation as a result of a past event, it is probable that the group will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking in to account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost int he profit or loss in the period it arises.

The company recognises a provision for annual leave accrued by employees as a result of services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2024 - 40 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

40,000

AMORTISATION

At 1 April 2024

and 31 March 2025

40,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST OR VALUATION

At 1 April 2024

205,286

675,365

41,779

764,750

1,687,180

Additions

-

15,530

1,603

277,660

294,793

Disposals

-

(107,314

)

(18,830

)

(296,027

)

(422,171

)

Revaluations

144,714

-

-

-

144,714

At 31 March 2025

350,000

583,581

24,552

746,383

1,704,516

DEPRECIATION

At 1 April 2024

34,899

584,916

36,997

493,942

1,150,754

Charge for year

3,763

40,560

2,430

117,193

163,946

Eliminated on disposal

-

(107,314

)

(18,830

)

(273,101

)

(399,245

)

Revaluation adjustments

(38,662

)

-

-

-

(38,662

)

At 31 March 2025

-

518,162

20,597

338,034

876,793

NET BOOK VALUE

At 31 March 2025

350,000

65,419

3,955

408,349

827,723

At 31 March 2024

170,387

90,449

4,782

270,808

536,426

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

Valuation in 2025

183,376

-

-

-

183,376

Cost

166,624

583,581

24,552

746,383

1,521,140

350,000

583,581

24,552

746,383

1,704,516

If freehold property had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

205,286

-

Aggregate depreciation

39,004

-

Freehold property were valued on an open market basis on 31 March 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

923,238

1,196,704

Amounts recoverable on contract

151,728

151,728

Other debtors

108,879

620,738

1,183,845

1,969,170

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

50,000

Hire purchase contracts (see note 9)

89,567

69,590

Trade creditors

320,034

338,377

Taxation and social security

503,891

319,523

Other creditors

225,059

206,662

1,138,551

984,152

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

100,000

Hire purchase contracts (see note 9)

166,300

60,811

166,300

160,811

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

89,567

69,590

Between one and five years

166,300

60,811

255,867

130,401

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

150,000

Hire purchase contracts

255,867

130,401

255,867

280,401

At the year end the company held one charge containing negative pledges with fixed and floating charges over all property or undertaking of the company in favour of Lloyds Bank Plc.

11.	FINANCIAL RISK MANAGEMENT

Exposure to credit, liquidity, market and interest rate risk arises in the normal course of business, These risks are limited by the company's financial management policies and practices described below.

Credit risk

The company has large exposure to credit risk, and the company tries to manage this as far as possible through use of a factoring finance facility and through communication with its customers.

Liquidity risk

The directors have ultimate responsibility for liquidity risk management in maintaining adequate reserves and banking facilities. The only significant non-derivative financial liabilities remaining at the reporting date are the overdraft on the bank account and bank loans secured on the freehold property, which are all used in combination to manage any liquidity risk which exists.

Market risk

There is a market risk associated with the fluctuation in demand for the products provided. Most of this is mitigated by monitoring the markets and competition.

Interest rate risk

The company has minor exposure to interest rate risk through the impact of rate changes in interest bearing borrowings. Active management of the company's exposure to interest rate fluctuations is undertaken.

The company holds no derivative financial instruments at the year end.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

25

Ordinary A

£1

25

25

50

Ordinary B

£1

50

50

25

Ordinary C

£1

25

25

100

100

13.

RESERVES

Revaluation

reserve

£

Revaluation

183,376

Deferred tax

(45,844

)

At 31 March 2025

137,532

Revaluation reserve

This reserve includes all current year and prior year period gains and losses on revaluing the freehold property. The amount taken to the revaluation reserve has been subject to deferred tax and appropriate transfers between reserves.

Deferred tax has been calculated at 25%, the rate expected to apply in the future.

14.	RELATED PARTY DISCLOSURES

At the start of the year there was outstanding balances of £555,939 owed to the company by persons with significant control, this balance was repaid in full by 18th April, 2024. Further advances of £1,154,183 and repayments of £1,710,801 were made during the year. As at 31st March 2025 a total of £679 is owed from the company to persons with significant control. The balances were interest free and were unsecured.