KARINA LANE CONSTRUCTION LTD - Accounts

KARINA LANE CONSTRUCTION LTD - Accounts

KARINA LANE CONSTRUCTION LTD - Company Information

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Registered Number: 11993105
England and Wales

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 31 May 2023

for

KARINA LANE CONSTRUCTION LTD

KARINA LANE CONSTRUCTION LTD
Statement of financial position
As at 31 May 2023
 
 		  
£		 2023
£		    
£		 2022
£
Fixed assets 38,917  84,549 
Current assets 39,532  55,901 
Creditors: amount falling due within one year (143,618) (158,870)
Net current assets (104,086) (102,969)
Total assets less current liabilities (65,169) (18,420)
Creditors: amount falling due after more than one year (49,072) (109,807)
Net assets (114,241) (128,227)
 
Capital and reserves (114,241) (128,227)
 
  1. For the year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Owen Derrick
Director

Date approved: 27 February 2024
1

KARINA LANE CONSTRUCTION LTD
Notes to the accounts
For the year ended 31 May 2023

Statutory Information
KARINA LANE CONSTRUCTION LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 11993105, registration address Unit E5 Rainbow Business Centre, Swansea Enterprise Park, Swansea, SA7 9FP, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Tangible fixed assets

Cost or Valuation Plant and machinery   Motor vehicles   Computer equipment   Total
  £   £   £   £
At 01 June 2022 14,406    101,730    3,540    119,676 
Additions 2,297    20,986    33    23,316 
Disposals -    (80,231)   -    (80,231)
At 31 May 2023 16,703    42,485    3,573    62,761 
Depreciation
At 01 June 2022 3,779    29,680    1,668    35,127 
Charge for year 2,585    9,018    381    11,984 
On disposals -    (23,267)   -    (23,267)
At 31 May 2023 6,364    15,431    2,049    23,844 
Net book values
Closing balance as at 31 May 2023 10,339    27,054    1,524    38,917 
Opening balance as at 01 June 2022 10,627    72,050    1,872    84,549 

3.

Average number of employees

Average number of employees during the year was 5  (2022: 8).
2