Key Construction (Midlands) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03086264 (England and Wales)

KEY CONSTRUCTION (MIDLANDS) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B. G. Callinan

M. B. Callinan

T. Callinan

SECRETARY:

Mrs E. V. Callinan

REGISTERED OFFICE:

8 Church Green East

Redditch

Worcestershire

B98 8BP

REGISTERED NUMBER:

03086264 (England and Wales)

SENIOR STATUTORY AUDITOR:

John Thomas Harris

AUDITORS:

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

FIXED ASSETS

Tangible assets

4

164,794

245,527

Investments

5

6,900,600

100

7,065,394

245,627

CURRENT ASSETS

Stocks

1,907,419

205,454

Debtors

6

1,563,124

4,207,674

Cash at bank

290,947

3,125,998

3,761,490

7,539,126

CREDITORS

Amounts falling due within one year

7

4,212,241

2,112,002

NET CURRENT (LIABILITIES)/ASSETS

(450,751

)

5,427,124

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,614,643

5,672,751

CAPITAL AND RESERVES

Called up share capital

103

Retained earnings

6,614,540

5,672,648

SHAREHOLDERS' FUNDS

6,614,643

5,672,751

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 19 September 2025 and were signed on its behalf by:

B. G. Callinan - Director

1.	STATUTORY INFORMATION

Key Construction (Midlands) 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.

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 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.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 July 2024

16,816

402,403

419,219

Additions

713

-

713

Disposals

(1,735

)

(47,915

)

(49,650

)

At 30 June 2025

15,794

354,488

370,282

DEPRECIATION

At 1 July 2024

12,708

160,984

173,692

Charge for year

1,170

80,270

81,440

Eliminated on disposal

(1,732

)

(47,912

)

(49,644

)

At 30 June 2025

12,146

193,342

205,488

NET BOOK VALUE

At 30 June 2025

3,648

161,146

164,794

At 30 June 2024

4,108

241,419

245,527

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

COST

At 1 July 2024

100

-

100

Additions

-

6,900,500

At 30 June 2025

100

6,900,500

6,900,600

NET BOOK VALUE

At 30 June 2025

100

6,900,500

6,900,600

At 30 June 2024

100

-

100

The company's investments at the Balance Sheet date in the share capital of companies include the following:-

Aspire Homes Midlands Limited

Registered office: United Kingdom

Nature of business: Construction of domestic buildings

Class of shares

% holding

30.06.25

30.06.24

£

Ordinary £1

100

Aggregate capital and reserves

10,144

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Trade debtors

1,261,589

3,324,235

Other debtors

301,535

883,439

1,563,124

4,207,674

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Trade creditors

1,142,003

886,010

Amounts owed to group undertakings

9,321

Taxation and social security

768,422

784,960

Other creditors

2,292,495

431,711

4,212,241

2,112,002

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.6.25

30.6.24

£

Within one year

12,314

4,969

Between one and five years

17,194

8,695

29,508

13,664

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John Thomas Harris (Senior Statutory Auditor)

for and on behalf of Charles Lovell & Co Limited

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2025 and 30 June 2024:

30.6.25

30.6.24

£

B. G. Callinan

Balance outstanding at start of year

-

879,000

Amounts repaid

-

(879,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

M. B. Callinan

Balance outstanding at start of year

476,200

-

Amounts advanced

-

476,200

Amounts repaid

(476,200

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

476,200

11.	RELATED PARTY DISCLOSURES

The company rents the premises for £18,000 (2024: £18,000) per annum from B G Callinan.

As at the balance sheet date £9,231 was owed to a subsidiary company from Aspire Homes Midlands Limited.

12.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party due to the diversified shareholding.