REGISTERED NUMBER:
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KALLAR VIEW CONSTRUCTION LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 29TH FEBRUARY 2020 |
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REGISTERED NUMBER:
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KALLAR VIEW CONSTRUCTION LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 29TH FEBRUARY 2020 |
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KALLAR VIEW CONSTRUCTION LIMITED (REGISTERED NUMBER: 06130105) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29TH FEBRUARY 2020 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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KALLAR VIEW CONSTRUCTION LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 29TH FEBRUARY 2020 |
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DIRECTORS: |
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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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Chartered Certified Accountants and |
Chartered Tax Advisers |
71 Knowl Piece |
Wilbury Way |
Hitchin |
Herts |
SG4 0TY |
KALLAR VIEW CONSTRUCTION LIMITED (REGISTERED NUMBER: 06130105) |
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BALANCE SHEET |
29TH FEBRUARY 2020 |
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29.2.20 | 28.2.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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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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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | 8 |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
its behalf by: |
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KALLAR VIEW CONSTRUCTION LIMITED (REGISTERED NUMBER: 06130105) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29TH FEBRUARY 2020 |
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1. | STATUTORY INFORMATION |
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Kallar View Construction Limited is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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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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Motor vehicles | - |
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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. |
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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 year 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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Motor |
vehicles |
£ |
COST |
At 1st March 2019 |
and 29th February 2020 |
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DEPRECIATION |
At 1st March 2019 |
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Charge for year |
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At 29th February 2020 |
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NET BOOK VALUE |
At 29th February 2020 |
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At 28th February 2019 |
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KALLAR VIEW CONSTRUCTION LIMITED (REGISTERED NUMBER: 06130105) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 29TH FEBRUARY 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.2.20 | 28.2.19 |
£ | £ |
Trade debtors |
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Amounts recoverable on contract |
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Other debtors |
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VAT |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.2.20 | 28.2.19 |
£ | £ |
Trade creditors |
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Tax |
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Other creditors and accruals |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
29.2.20 | 28.2.19 |
£ | £ |
Directors loan account | 4,255 | 39,482 |
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8. | RESERVES |
Retained |
earnings |
£ |
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At 1st March 2019 |
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Profit for the year |
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At 29th February 2020 |
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KALLAR VIEW CONSTRUCTION LIMITED (REGISTERED NUMBER: 06130105) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 29TH FEBRUARY 2020 |
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9. | RELATED PARTY DISCLOSURES |
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S S Kallar |
Company director. |
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Details of director's loan are shown in note 9 on page 6. |
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No interest is payable on this loan and there are no agreed repayment terms. |
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Dividends amounting to £NIL were paid to the director during the year (2019: £NIL). |
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Kallar Investments Limited |
A company in which Mr S S Kallar is a joint shareholder. |
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Sales amounting to £1,362,250 were invoiced to Kallar Investments Limited during the year (2019: £863,750). |
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All transactions were undertaken on a commercial basis. |
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Amount due from related party at the balance sheet date is £47,371 (2019: £273,100). |
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No interest is payable on the loan and there are no agreed repayment terms. |
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Kallar View Homes Limited |
A company in which a close family member of Mr S S Kallar is a shareholder. |
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Sales amounting to £500,000 were invoiced to Kallarview Homes Limited during the year (2019: £Nil). |
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Purchases amounting to £10,000 were invoiced from Kallarview Homes Limited during the year (2019: £22,500). |
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All transactions were undertaken on a commercial basis. |
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Amount due to related party at the balance sheet date is £85,200 (2019: £73,200). |
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No interest is payable on the loan and there are no agreed repayment terms. |
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Moor Park Estates Limited |
A company in which Mr S S Kallar is a joint shareholder. |
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Sales amounting to £106,814 were invoiced to Moor Park Estates Limited during the year (2019: £1,222,038). |
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All transactions were undertaken on a commercial basis. |
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Amount due from related party at the balance sheet date £Nil (2019: £Nil). |
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No interest is payable on the loan and there are no agreed repayment terms. |
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Stonewater Properties Limited |
A company in which a close family member of Mr S S Kallar is a shareholder. |
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Sales amounting to £44,781 were invoiced to Stonewater Properties Limited during the year (2019: £325,058). |
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All transactions were undertaken on a commercial basis. |
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10. | ULTIMATE CONTROLLING PARTY |
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The company is under the joint control of the directors. |