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Registered number: 13956804
Kings Construction South West Ltd
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13956804
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,992 20,561
18,992 20,561
CURRENT ASSETS
Debtors 5 - 1,206
Cash at bank and in hand 3,747 213
3,747 1,419
Creditors: Amounts Falling Due Within One Year 6 (37,341 ) (18,539 )
NET CURRENT ASSETS (LIABILITIES) (33,594 ) (17,120 )
TOTAL ASSETS LESS CURRENT LIABILITIES (14,602 ) 3,441
NET (LIABILITIES)/ASSETS (14,602 ) 3,441
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (14,603 ) 3,440
SHAREHOLDERS' FUNDS (14,602) 3,441
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Tina Reeve
Director
31st December 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Kings Construction South West Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13956804 . The registered office is 8a Bowker House, Lee Mill Bridge, Ivybridge, PL21 9EF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 9% Reducing balance
Motor Vehicles 9% Reducing balance
Computer Equipment 9% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 4,550 18,500 1,780 24,830
Additions - - 309 309
As at 31 March 2025 4,550 18,500 2,089 25,139
Depreciation
As at 1 April 2024 783 3,180 306 4,269
Provided during the period 339 1,379 160 1,878
As at 31 March 2025 1,122 4,559 466 6,147
Net Book Value
As at 31 March 2025 3,428 13,941 1,623 18,992
As at 1 April 2024 3,767 15,320 1,474 20,561
Page 2
Page 3
5. Debtors
2025 2024
£ £
Due within one year
VAT - 1,206
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
VAT 2,735 -
Other creditors 30,000 768
Accruals and deferred income 600 600
Directors' loan accounts 4,006 17,171
37,341 18,539
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 3