REGISTERED NUMBER: 06271161 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

K.B. ENGINEERING PROJECTS LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

G M Laffey

Mrs T J Laffey

REGISTERED OFFICE:

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

REGISTERED NUMBER:

06271161 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Tangible assets

4

29,487

38,987

CURRENT ASSETS

Stocks

1,750

8,988

Debtors

5

123,061

143,135

Cash at bank

40,110

27,311

164,921

179,434

CREDITORS

Amounts falling due within one year

6

41,198

28,344

NET CURRENT ASSETS

123,723

151,090

TOTAL ASSETS LESS CURRENT LIABILITIES

153,210

190,077

CREDITORS

Amounts falling due after more than one year

7

(33,468

)

(41,667

)

PROVISIONS FOR LIABILITIES

8

(7,372

)

(7,247

)

NET ASSETS

112,370

141,163

CAPITAL AND RESERVES

Called up share capital

9

50

50

Capital redemption reserve

50

50

Retained earnings

112,270

141,063

SHAREHOLDERS' FUNDS

112,370

141,163

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 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 6th October 2025 and were signed on its behalf by:

G M Laffey - Director

1.	STATUTORY INFORMATION

K.B. Engineering Projects 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 represents net work done, 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.

Plant and machinery etc

-

25% on reducing balance, 25% on cost and 20% on reducing balance

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 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 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.

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 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2024

44,141

Additions

874

At 31st December 2024

45,015

DEPRECIATION

At 1st January 2024

5,154

Charge for year

10,374

At 31st December 2024

15,528

NET BOOK VALUE

At 31st December 2024

29,487

At 31st December 2023

38,987

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

782

-

Amounts owed by group undertakings

118,726

141,275

Other debtors

3,553

1,860

123,061

143,135

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

4,100

10,000

Trade creditors

6,926

394

Taxation and social security

15,145

3,128

Other creditors

5,027

4,822

41,198

28,344

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,167

14,167

Hire purchase contracts

29,301

27,500

33,468

41,667

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

7,372

7,247

Deferred

tax

£

Balance at 1st January 2024

7,247

Charge to Statement of Income and Retained Earnings during year

125

Profit and loss account

Balance at 31st December 2024

7,372

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

50

Ordinary shares

£1

50

50

As at 31st December 2018 the 50 ordinary shares were made up of 25 "B" Ordinary shares and 25 "D" Ordinary shares.

10.	ULTIMATE CONTROLLING PARTY

The company is wholly owned by Easylec Limited and this is the ultimate holding company.