REGISTERED NUMBER: 13294367 (England and Wales)

KPM CONTRACTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M B Munnelly

Mr K F Munnelly

Mr P O'Curraoin

REGISTERED OFFICE:

15 High Street

Brackley

Northamptonshire

NN13 7DH

REGISTERED NUMBER:

13294367 (England and Wales)

ACCOUNTANTS:

Blencowes

15 High Street

Brackley

Northamptonshire

NN13 7DH

FIXED ASSETS

Tangible assets

4

883,722

481,094

CURRENT ASSETS

Stocks

123,387

10,288

Debtors

5

2,843,769

3,369,691

Cash at bank and in hand

852,956

627,300

3,820,112

4,007,279

CREDITORS

Amounts falling due within one year

6

1,620,319

2,030,445

NET CURRENT ASSETS

2,199,793

1,976,834

TOTAL ASSETS LESS CURRENT LIABILITIES

3,083,515

2,457,928

CREDITORS

Amounts falling due after more than one year

7

(376,018

)

(258,721

)

PROVISIONS FOR LIABILITIES

8

(220,930

)

(120,274

)

NET ASSETS

2,486,567

2,078,933

CAPITAL AND RESERVES

Called up share capital

9

200

200

Retained earnings

2,486,367

2,078,733

SHAREHOLDERS' FUNDS

2,486,567

2,078,933

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2025 and were signed on its behalf by:

Mr K F Munnelly - Director

1.	STATUTORY INFORMATION

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

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.

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and revenue can be reliably measured. Revenue is measured as the fair value of consideration receivable, excluding discounts, rebates and value added tax.

The following conditions must apply before revenue can be recognised:

Contract revenue recognition

Where the outcome of a contract can be reliably estimated, revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date. This is normally measured by the proportion that the contract costs incurred for work performed to date.

Variations in contract work, claims and incentive payments are included to the extent that the amount can be reliably measured and it's receipt is considered probable.Where the outcome of the contact cannot be estimated reliably, contract revenue is recognised to the extent of the contract costs incurred where it is probable, they will be recovered. Contact costs are recognised as an expense immediately.

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 reducing balance

Fixtures and fittings

-

20% on reducing balance

Commercial vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stock

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in, first out (FIFO) method.

The cost of finished goods and amounts recoverable on contracts comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised in profit or loss.

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 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

Leases are classified as finance lease whenever the terms of the lease transfer substantially all the risks and rewards of ownership of the lease.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of minimum lease payments. These assets are depreciated on a straight line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

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 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Commercial

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

421,978

15,338

112,192

15,548

565,056

Additions

466,930

2,229

90,652

6,779

566,590

Disposals

-

-

(9,697

)

-

(9,697

)

At 31 March 2025

888,908

17,567

193,147

22,327

1,121,949

DEPRECIATION

At 1 April 2024

37,091

3,300

38,773

4,798

83,962

Charge for year

124,986

2,654

25,699

5,168

158,507

Eliminated on disposal

-

-

(4,242

)

-

(4,242

)

At 31 March 2025

162,077

5,954

60,230

9,966

238,227

NET BOOK VALUE

At 31 March 2025

726,831

11,613

132,917

12,361

883,722

At 31 March 2024

384,887

12,038

73,419

10,750

481,094

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

241,894

592,381

Amounts recoverable on contract

1,737,559

1,953,065

Other debtors

756,435

470,462

Directors' current accounts

5,660

5,659

VAT

96,988

343,699

Prepayments and accrued income

5,233

4,425

2,843,769

3,369,691

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

211,286

95,673

Trade creditors

954,389

1,109,831

Tax

76,366

165,049

Social security and other taxes

162,425

80,318

Other creditors

-

15,118

Directors' current accounts

-

564

Accrued expenses

215,853

563,892

1,620,319

2,030,445

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

376,018

258,721

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

220,930

120,274

Deferred

tax

£

Balance at 1 April 2024

120,274

Provided during year

100,656

Accelerated capital allowances

Balance at 31 March 2025

220,930

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

180

Ordinary share capital

£1

180

180

20

Ordinary "A" share capital

£1

20

20

200

200