REGISTERED NUMBER: 11540269 (England and Wales)

FKA CONSTRUCTION UK LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2023 TO 28 FEBRUARY 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

K Morris

REGISTERED OFFICE:

33 Gateways

Guildford

Surrey

GU1 2LF

REGISTERED NUMBER:

11540269 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

89 King Street

Maidstone

Kent

ME14 1BG

FIXED ASSETS

Tangible assets

5

761,277

863,006

Investments

6

180

180

761,457

863,186

CURRENT ASSETS

Stocks

1,350,000

2,323,948

Debtors

7

1,566,570

2,249,091

Cash at bank

60,124

590,109

2,976,694

5,163,148

CREDITORS

Amounts falling due within one year

8

1,497,482

4,606,506

NET CURRENT ASSETS

1,479,212

556,642

TOTAL ASSETS LESS CURRENT LIABILITIES

2,240,669

1,419,828

CREDITORS

Amounts falling due after more than one year

9

(48,504

)

(149,069

)

PROVISIONS FOR LIABILITIES

(204,958

)

(204,958

)

NET ASSETS

1,987,207

1,065,801

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

1,987,107

1,065,701

SHAREHOLDERS' FUNDS

1,987,207

1,065,801

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 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 September 2025 and were signed by:

K Morris - Director

1.	STATUTORY INFORMATION

FKA Construction UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

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 value 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. Revisions to accounting estimates are recognised in the period to which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are the depreciation charges that are calculated with reference to the useful economic life of fixed assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

33.33% on cost, 20% on cost, 20% on reducing balance and 10% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

a) Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest 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.

b) Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

c) Impairment of financial assets

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

d) Trade and other creditors

Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 4 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 September 2023

66,653

1,031,682

1,879

Additions

-

119,937

-

Disposals

-

(49,906

)

-

At 28 February 2025

66,653

1,101,713

1,879

DEPRECIATION

At 1 September 2023

30,782

265,376

1,247

Charge for period

9,998

237,931

564

Eliminated on disposal

-

(18,657

)

-

At 28 February 2025

40,780

484,650

1,811

NET BOOK VALUE

At 28 February 2025

25,873

617,063

68

At 31 August 2023

35,871

766,306

632

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2023

83,326

8,084

1,191,624

Additions

134,280

1,124

255,341

Disposals

(28,720

)

-

(78,626

)

At 28 February 2025

188,886

9,208

1,368,339

DEPRECIATION

At 1 September 2023

25,322

5,891

328,618

Charge for period

51,604

2,004

302,101

Eliminated on disposal

(5,000

)

-

(23,657

)

At 28 February 2025

71,926

7,895

607,062

NET BOOK VALUE

At 28 February 2025

116,960

1,313

761,277

At 31 August 2023

58,004

2,193

863,006

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

Plant and

machinery

£

COST

At 1 September 2023

378,771

Reclassification/transfer

(127,192

)

At 28 February 2025

251,579

DEPRECIATION

At 1 September 2023

151,902

Charge for period

50,151

Reclassification/transfer

(72,232

)

At 28 February 2025

129,821

NET BOOK VALUE

At 28 February 2025

121,758

At 31 August 2023

226,869

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2023

and 28 February 2025

180

NET BOOK VALUE

At 28 February 2025

180

At 31 August 2023

180

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

31.8.23

£

£

Trade debtors

712,694

1,059,687

Other debtors

836,011

1,181,652

Prepayments and accrued income

17,865

7,752

1,566,570

2,249,091

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

31.8.23

£

£

Bank loans and overdrafts

5,126

5,385

Hire purchase contracts

53,912

86,335

Trade creditors

811,055

2,423,925

Taxation

60

-

Other taxes and PAYE taxes

65,482

650,966

Other creditors

187,735

921,722

Directors' Current Accounts

370,612

512,473

Accruals and deferred income

3,500

5,700

1,497,482

4,606,506

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

31.8.23

£

£

Bank loans - 1-2 years

5,292

5,385

Bank loans - 2-5 years

16,927

16,154

Bank loans more 5 yr by instal

1,467

9,423

Hire purchase contracts

24,818

118,107

48,504

149,069

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,467

9,423

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

31.8.23

value:

£

£

50

Ordinary A

1

50

50

50

Ordinary B

1

50

50

100

100