Company Registration No. 01578525 (England and Wales)
K.G.B. AND M.E. (Plant Hire & Demolition Contractors) Limited
Unaudited accounts
for the year ended 31 August 2021
K.G.B. AND M.E. (Plant Hire & Demolition Contractors) Limited
Unaudited accounts
Contents
K.G.B. AND M.E. (Plant Hire & Demolition Contractors) Limited
Company Information
for the year ended 31 August 2021
Directors
Mr K Langton
Mr M Langton
Company Number
01578525 (England and Wales)
Registered Office
1 Stable Court Business Centre
Water Lane Tarbock Green
Liverpool
L35 1RD
Accountants
Invictus Accountancy Services Limited
1 Stable Court Business Centre
Water Lane Farm Tarbock Green
Liverpool
Merseyside
L35 1RD
K.G.B. AND M.E. (Plant Hire & Demolition Contractors) Limited
Statement of financial position
as at
31 August 2021
Tangible assets
4,097
5,463
Cash at bank and in hand
27,349
10,868
Creditors: amounts falling due within one year
(146,656)
(128,997)
Net current liabilities
(110,658)
(111,006)
Net liabilities
(106,561)
(105,543)
Called up share capital
100
100
Profit and loss account
(106,661)
(105,643)
Shareholders' funds
(106,561)
(105,543)
For the year ending 31 August 2021 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 February 2022 and were signed on its behalf by
Mr K Langton
Director
Company Registration No. 01578525
K.G.B. AND M.E. (Plant Hire & Demolition Contractors) Limited
Notes to the Accounts
for the year ended 31 August 2021
K.G.B. AND M.E. (Plant Hire & Demolition Contractors) Limited is a private company, limited by shares, registered in England and Wales, registration number 01578525. The registered office is 1 Stable Court Business Centre, Water Lane Tarbock Green, Liverpool, L35 1RD.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2020
59,427
67,227
3,917
130,571
At 31 August 2021
59,427
67,227
3,917
130,571
At 1 September 2020
57,435
63,756
3,917
125,108
Charge for the year
498
868
-
1,366
At 31 August 2021
57,933
64,624
3,917
126,474
At 31 August 2021
1,494
2,603
-
4,097
At 31 August 2020
1,992
3,471
-
5,463
K.G.B. AND M.E. (Plant Hire & Demolition Contractors) Limited
Notes to the Accounts
for the year ended 31 August 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
8,649
7,123
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
10,116
7,143
Taxes and social security
1,548
1,244
Loans from directors
133,515
119,247
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Average number of employees
During the year the average number of employees was 2 (2020: 2).