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Registration number: 09290652

KSWD Civils & Rail Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 31 October 2024

KSWD Civils & Rail Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 8

KSWD Civils & Rail Ltd

Company Information

Director | Mr K S W Davies

Registered office | Llys Deri Parc Pensarn Carmarthen SA31 2NF

KSWD Civils & Rail Ltd

(Registration number: 09290652)
Balance Sheet as at 31 October 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 5 | 31,213 | 33,732
Current assets |  |  |
Debtors | 6 | 78,473 | 27,618
Cash at bank and in hand |  | 8,978 | 3,762
|  | 87,451 | 31,380
Creditors: Amounts falling due within one year | 7 | (67,571) | (42,494)
Net current assets/(liabilities) |  | 19,880 | (11,114)
Total assets less current liabilities |  | 51,093 | 22,618
Creditors: Amounts falling due after more than one year | 7 | (38,059) | (7,321)
Net assets |  | 13,034 | 15,297
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Profit and loss account |  | 13,033 | 15,296
Total equity |  | 13,034 | 15,297

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 8 October 2025

Mr K S W Davies Director |  |

KSWD Civils & Rail Ltd

Notes to the Financial Statements for the Year Ended 31 October 2024

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Llys Deri
Parc Pensarn
Carmarthen
SA31 2NF

The principal place of business is:
52 Carters Close
Sherington
Newport Pagnell
MK16 9NW

These financial statements were authorised for issue by the director on 8 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

KSWD Civils & Rail Ltd

Notes to the Financial Statements for the Year Ended 31 October 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant & Equipment | 25% Reducing balance
Office Equipment | 25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

KSWD Civils & Rail Ltd

Notes to the Financial Statements for the Year Ended 31 October 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2024 £ | 2023 £
Depreciation expense | 4,134 | 5,554

KSWD Civils & Rail Ltd

Notes to the Financial Statements for the Year Ended 31 October 2024

5 | Tangible assets

| Plant and machinery £ | Office equipment £ | Total £
Cost or valuation
At 1 November 2023 | 31,770 | 16,273 | 48,043
Additions | - | 1,615 | 1,615
At 31 October 2024 | 31,770 | 17,888 | 49,658
Depreciation
At 1 November 2023 | 5,352 | 8,959 | 14,311
Charge for the year | 2,642 | 1,492 | 4,134
At 31 October 2024 | 7,994 | 10,451 | 18,445
Carrying amount
At 31 October 2024 | 23,776 | 7,437 | 31,213
At 31 October 2023 | 26,418 | 7,314 | 33,732

6 | Debtors

| 2024 £ | 2023 £
Other debtors | 78,473 | 27,618
| 78,473 | 27,618

KSWD Civils & Rail Ltd

Notes to the Financial Statements for the Year Ended 31 October 2024

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Bank loans and overdrafts | 9 | 17,636 | 3,660
Trade creditors |  | 1,463 | 1,572
Taxation and social security |  | 10,774 | 3,228
Corporation tax liability |  | 36,378 | 32,834
Other creditors |  | 1,320 | 1,200
|  | 67,571 | 42,494

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings | 9 | 38,059 | 7,321

8 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary Share of £1 each | 1 | 1 | 1 | 1

KSWD Civils & Rail Ltd

Notes to the Financial Statements for the Year Ended 31 October 2024

9 | Loans and borrowings

| 2024 £ | 2023 £
Non-current loans and borrowings
Other borrowings | 38,059 | 7,321

| 2024 £ | 2023 £
Current loans and borrowings
Other borrowings | 17,636 | 3,660

10 | Related party transactions

Transactions with directors

2024 | At 1 November 2023 £ | Advances to director £ | Repayments by director £ | At 31 October 2024 £
Mr K S W Davies
Loan at market rate of interest repayable on demand | 22,265 | 140,942 | (104,381) | 58,825

2023 | At 1 November 2022 £ | Advances to director £ | Repayments by director £ | At 31 October 2023 £
Mr K S W Davies
Loan at market rate of interest repayable on demand | 54,317 | 138,090 | (170,143) | 22,265