REGISTERED NUMBER: 03345206 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

King Brothers Bricklaying Contractors

Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

I King

B King

C King

SECRETARY:

I King

REGISTERED OFFICE:

Unit 14

Hepworth Road

North Hylton Enterprise Park

Sunderland

Tyne and Wear

SR5 3JT

REGISTERED NUMBER:

03345206 (England and Wales)

ACCOUNTANTS:

TTR Barnes

Chartered Accountants

3-5 Grange Terrace

Stockton Road

Sunderland

Tyne & Wear

SR2 7DG

BANKERS:

Lloyds TSB Bank plc

PO Box 45

Fawcett Street

Sunderland

Tyne and Wear

SR1 1SF

FIXED ASSETS

Tangible assets

4

349,587

517,936

Investment property

5

223,608

718,259

573,195

1,236,195

CURRENT ASSETS

Debtors

6

2,651,376

2,368,548

Investments

7

45,041

558,668

Cash at bank

1,045,982

573,795

3,742,399

3,501,011

CREDITORS

Amounts falling due within one year

8

633,830

562,568

NET CURRENT ASSETS

3,108,569

2,938,443

TOTAL ASSETS LESS CURRENT LIABILITIES

3,681,764

4,174,638

CREDITORS

Amounts falling due after more than one year

9

(176,165

)

(482,393

)

PROVISIONS FOR LIABILITIES

(10,906

)

(13,768

)

NET ASSETS

3,494,693

3,678,477

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

3,494,592

3,678,376

SHAREHOLDERS' FUNDS

3,494,693

3,678,477

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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 13 January 2026 and were signed on its behalf by:

I King - Director

B King - Director

1.	STATUTORY INFORMATION

King Brothers Bricklaying Contractors 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.

The financial statements have bee prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the director considers to be appropriate.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Amounts recoverable on contracts

Amounts recoverable on contracts are valued using the stage of completion method by reference to applications made on the contracts entered into. Consideration is then made for any losses/bad debt risk which may be suffered, on a contract by contract basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

26,173

93,746

739,883

55,013

914,815

Additions

16,000

2,963

113,873

7,324

140,160

Disposals

(26,173

)

(63,348

)

(306,504

)

(49,445

)

(445,470

)

At 30 April 2025

16,000

33,361

547,252

12,892

609,505

DEPRECIATION

At 1 May 2024

16,817

37,339

303,344

39,379

396,879

Charge for year

1,600

2,181

97,491

2,225

103,497

Eliminated on disposal

(16,817

)

(19,527

)

(166,306

)

(37,808

)

(240,458

)

At 30 April 2025

1,600

19,993

234,529

3,796

259,918

NET BOOK VALUE

At 30 April 2025

14,400

13,368

312,723

9,096

349,587

At 30 April 2024

9,356

56,407

436,539

15,634

517,936

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 May 2024

593,303

Additions

67,272

Disposals

(211,164

)

At 30 April 2025

449,411

DEPRECIATION

At 1 May 2024

203,013

Charge for year

82,252

Eliminated on disposal

(93,849

)

At 30 April 2025

191,416

NET BOOK VALUE

At 30 April 2025

257,995

At 30 April 2024

390,290

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

718,259

Disposals

(494,651

)

At 30 April 2025

223,608

NET BOOK VALUE

At 30 April 2025

223,608

At 30 April 2024

718,259

6.

DEBTORS

2025

2024

as restated

£

£

Amounts falling due within one year:

Trade debtors

900,136

895,554

Other debtors

1,184,236

992,436

2,084,372

1,887,990

Amounts falling due after more than one year:

Other debtors

567,004

480,558

Aggregate amounts

2,651,376

2,368,548

7.	CURRENT ASSET INVESTMENTS

2025

2024

as restated

£

£

Investments

45,041

558,668

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Hire purchase contracts (see note 10)

231,472

61,101

Trade creditors

9,468

23,247

Taxation and social security

271,407

380,545

Other creditors

121,483

97,675

633,830

562,568

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

£

Hire purchase contracts (see note 10)

68,411

389,559

Other creditors

107,754

92,834

176,165

482,393

Amounts falling due in more than five years:

Repayable by instalments

Mortgages due in over 5 years

5,281

15,768

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

as restated

£

£

Net obligations repayable:

Within one year

231,472

61,101

Between one and five years

68,411

389,559

299,883

450,660

Non-cancellable

operating leases

2025

2024

as restated

£

£

Within one year

59,806

42,559

Between one and five years

120,449

91,571

180,255

134,130

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

as restated

£

£

Mortgages

35,248

39,527

Hire purchase contracts

299,883

450,660

335,131

490,187

Current and future bank borrowings are secured by a debenture charge over all company assets dated 28 August 2008. Mortgage charges dated 24th October 2008, 10th November 2008 and 26th May 2016 are secured against the properties to which they relate.

Hire purchase liabilities are secured on the assets to which they relate.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

as restated

£

£

I King and C King

Balance outstanding at start of year

705,780

1,039,928

Amounts advanced

353,044

263,017

Amounts repaid

(209,430

)

(597,165

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

849,394

705,780

B King

Balance outstanding at start of year

201,933

427,974

Amounts advanced

267,072

216,573

Amounts repaid

(209,232

)

(442,614

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

259,773

201,933

13.

CONTROL

The controlling party is Mr I King and Mr B King..