Registered number 11554123 Korpu Building Bridges Wilh The Word Limited Filleted Accounts 30 September 2024
Korpu Building Bridges With The Word Limited Registered number: 11554123 Balance Sheet as at 30 September 2024 Notes 2024 2023 Fixed assets Tangible assets 1281 Current assets Cash al bank and in hand 2,638 Creditors: amounts falling due within one year {549} {456) Net current assets 1,435 2,182 N•t ass•ts 2.716 2,182 Capltsl and r•s•rv•s Profil and loss aceounl 2.716 2.182 Shareholders funds 2.716 2,182 The directors are satisfied that the company is entit ed lo exemption from the requirement to obtain an audrt under section 477 of the Companies Act 2006. The member has not required the cunpany to obtain an audit in acec*dance wth seclion 476 of the Act. The directors acknovAedge their responsibilities for complyng with the requirements of the Companies Act 2006 Mlh respect to aco)unling reo)rds and the preparation of accounts. The accounts have been prepare¢J and deffivered in aGGordance wrth the special provisions applicable lo companies subject lo the small companies regime. The piofil and loss account has not been delivered to the Registrar of Companie5. F Mokhof Director Approved by the board on 24 April 2025
Korpu Building Bridges With The Word Limited Notes to the Accounts for the year ended 30 September 2024 Accounting policies BasiTS of preparation The atxounts have been prepared under the historical cost convenlion and in accordance with FRS 102, The Financial Reporting Standard appcable in the UK and Republic of Irelarkd {as applied lo small entities by seGb¢M 1A of the stsndard). Turnover Turnover is measured at the fair value of the consideration received or receivable. nel of discounts and value addeé taxes. Tumover InelLe$ revenue eamed from the sale of goods and from the rendering of services. Turnover from the sae of go$ is recognised when Ihe significant risks and rewards of ownership of the wds have transferred to the buyer. Turnovor from the rendering of services is recognised by fen to Ihe stage of completion of Ihe contra¢l. The slage of completion of a contract is measured by comparing Ihe costs incurred for work performed lo dale to the total eslimaled contract costs. Tangible fixedassets Tangible fixed assets are measured at cost less accumulative deprecialion and any accumulative impairment losses. DepreciatH)n is provided on all tangible red assets, oth?r than freehold land, at rates calculated to write off Ihe $t, less eslimated residual value, of each asset eventy over its expecied usetul life, as follows: Plant and macFMnery 20% reduung balan Debtors Short temi debtors are measured at transaction price (which is usually the invoice pricel. less any impairment losses for bad and doubtFul debts Loans and other financial assets are ir)itially rpcogni5ed at transaction piice inrluding any transaction cos15 anc subsequently measured at amortised cost determined using the efftttive interest melhtKJ, less any impairment losses fDr bad and doubtful debts. Creditors Short term Creditors are measured at transa¢tion price (which is usually the invoice price)- Loans and other financial liabilities are initially recognised at Iransaclion price net of any transacbon costs and subsequenlly measured al amortised cost determined using effective interest meth(xl. Taxatlon A current lax liability is recognised for the tsx payable on the taxable profil of the rrent and past periods. A Current tsx asset Is recc*31ised in -espect of a tax loss that can be carried back to recover tax paid IT) a previous peri(MJ. Deferred tax is recognised in respect ol all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that il is probab that they slill be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred lax is measured using the tsx rates and laws that hav8 been enacted o. substantively anaCd by the rèportirbg dai8 and that are expeGted to apply to the reversal of the timing difference. except for revalued land and investment property where the tax rale that applies to the sale of Ihe asset is used. Current and deferred tax assets and liabilities are rK)t discounted.
2 Employees 2024 2023 Number Number Average number of persons emrAoyed by the company 3 Tangible fixed assets Plant and machln8ry etc Cost Additions 1.601 AI 30 September 2024 1.601 Depreciation Charge for the year AI 30 September 2024 320 320 Net book value AI 30 September 2024 1,281 4 Creditors: amounts falling due wilhin one year 2024 2023 Other Cfeditors 549 456 S Other inlomiation Korpu Building Bridges with the Word Limited is a private company limited by guarantee without share capital and incorporated in England. Ifs registered office is: 24 Roxburgh Ck)se Camberley Surrey GU15 IAS Thi5 document w'as delivered using electronic Lomtnunications and authenticated in accordance wilh the Tegistrar's rules relating to electronic fortn. authentication and manner of delivery under section 1072 of the Companies Act 2006.