REGISTERED NUMBER: 03511425 (England and Wales)

KAR CONTRACTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Roberts

R J May

REGISTERED OFFICE:

Norman Gilbert House, 38 Mitchell Point

Ensign Way

Hamble-Le-Rice

Southampton

Hampshire

SO31 4RF

REGISTERED NUMBER:

03511425 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

94,520

93,844

94,520

93,844

CURRENT ASSETS

Stocks

196,620

198,175

Debtors

6

889,678

841,577

Cash at bank and in hand

235,946

268,776

1,322,244

1,308,528

CREDITORS

Amounts falling due within one year

7

(919,280

)

(812,156

)

NET CURRENT ASSETS

402,964

496,372

TOTAL ASSETS LESS CURRENT LIABILITIES

497,484

590,216

CREDITORS

Amounts falling due after more than one year

8

(78,858

)

(72,863

)

PROVISIONS FOR LIABILITIES

11

(4,159

)

(21,079

)

NET ASSETS

414,467

496,274

CAPITAL AND RESERVES

Called up share capital

100

100

Capital redemption reserve

5

5

Retained earnings

414,362

496,169

SHAREHOLDERS' FUNDS

414,467

496,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 24 July 2026 and were signed on its behalf by:

D Roberts - Director

1.	STATUTORY INFORMATION

KAR 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 FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure Is required to show a true and far view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the value of services, net of value added tax, provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, has been fully amortised.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

Straight line over 4 years

Motor vehicles

-

Straight line over 4 years

Computer equipment

-

Straight line over 4 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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.

Financial assets

The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

6,000

AMORTISATION

At 1 January 2025

and 31 December 2025

6,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

60,223

256,162

15,083

331,468

Additions

6,622

99,683

577

106,882

Disposals

(4,482

)

(114,370

)

-

(118,852

)

At 31 December 2025

62,363

241,475

15,660

319,498

DEPRECIATION

At 1 January 2025

49,444

174,293

13,887

237,624

Charge for year

5,022

64,396

803

70,221

Eliminated on disposal

(4,482

)

(78,385

)

-

(82,867

)

At 31 December 2025

49,984

160,304

14,690

224,978

NET BOOK VALUE

At 31 December 2025

12,379

81,171

970

94,520

At 31 December 2024

10,779

81,869

1,196

93,844

The net book value of tangible fixed assets includes £61,406 (2024 - £81,869) in respect of assets held under hire purchase contracts.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

815,624

787,346

Other debtors

74,054

54,231

889,678

841,577

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

16,290

22,242

Trade creditors

40,118

17,643

Taxation and social security

170,955

116,258

Other creditors

691,917

656,013

919,280

812,156

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

78,858

72,863

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

16,290

22,242

Between one and five years

78,858

72,863

95,148

95,105

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

95,148

95,105

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

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

4,159

21,079

Deferred tax

£

Balance at 1 January 2025

21,079

Provided during year

(16,920

)

Balance at 31 December 2025

4,159

12.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Waith Holdings Limited, a company registered in England and Wales. The ultimate parent company is Roberts Holdings (Southampton) Limited , a company registered in England and Wales.

The directors consider D Roberts to be the ultimate controlling party by virtue of his majority shareholding in Roberts Holdings (Southampton) Limited.