REGISTERED NUMBER:
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Report of the Director and |
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Unaudited Financial Statements for the Period 1 January 2021 to 30 June 2022 |
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'K' Contracting (Builders) Limited |
REGISTERED NUMBER:
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Report of the Director and |
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Unaudited Financial Statements for the Period 1 January 2021 to 30 June 2022 |
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for |
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'K' Contracting (Builders) Limited |
'K' Contracting (Builders) Limited (Registered number: 05317581) |
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Contents of the Financial Statements |
for the Period 1 January 2021 to 30 June 2022 |
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Page |
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Company Information | 1 |
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Report of the Director | 2 |
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Income Statement | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 5 |
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'K' Contracting (Builders) Limited |
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Company Information |
for the Period 1 January 2021 to 30 June 2022 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chapel House |
1 Chapel Hill |
Clevedon |
North Somerset |
BS21 7NL |
'K' Contracting (Builders) Limited (Registered number: 05317581) |
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Report of the Director |
for the Period 1 January 2021 to 30 June 2022 |
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The director presents his report with the financial statements of the company for the period 1 January 2021 to 30 June 2022. |
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DIRECTOR |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
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ON BEHALF OF THE BOARD: |
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'K' Contracting (Builders) Limited (Registered number: 05317581) |
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Income Statement |
for the Period 1 January 2021 to 30 June 2022 |
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Period | Year Ended |
1.1.21 to 30.6.22 | 31.12.20 |
£ | £ | £ | £ |
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TURNOVER |
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Cost of sales |
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GROSS PROFIT/(LOSS) |
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Distribution costs |
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Administrative expenses |
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189,156 | 60,781 |
OPERATING PROFIT/(LOSS) |
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Interest receivable and similar income |
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1,286,177 | (300,670 | ) |
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Interest payable and similar expenses |
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PROFIT/(LOSS) BEFORE TAXATION |
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Tax on profit/(loss) |
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PROFIT/(LOSS) FOR THE FINANCIAL
PERIOD |
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'K' Contracting (Builders) Limited (Registered number: 05317581) |
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Balance Sheet |
30 June 2022 |
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30.6.22 | 31.12.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET ASSETS/(LIABILITIES) |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
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The financial statements were approved by the director and authorised for issue on
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'K' Contracting (Builders) Limited (Registered number: 05317581) |
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Notes to the Financial Statements |
for the Period 1 January 2021 to 30 June 2022 |
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1. | STATUTORY INFORMATION |
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'K' Contracting (Builders) Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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 period end and that are expected to apply to the reversal of the timing difference. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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'K' Contracting (Builders) Limited (Registered number: 05317581) |
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Notes to the Financial Statements - continued |
for the Period 1 January 2021 to 30 June 2022 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 January 2021 |
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Additions |
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Disposals | ( |
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At 30 June 2022 |
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DEPRECIATION |
At 1 January 2021 |
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Eliminated on disposal | ( |
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At 30 June 2022 |
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NET BOOK VALUE |
At 30 June 2022 |
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At 31 December 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.22 | 31.12.20 |
£ | £ |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.22 | 31.12.20 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30.6.22 | 31.12.20 |
£ | £ |
Bank loans |
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Other creditors |
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Amounts falling due in more than five years: |
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Repayable otherwise than by instalments |
Mortgage Advance | - | 510,790 |