1 February 2021 false No description of principal activity Taxfiler 2022.8.3 06819044business:PrivateLimitedCompanyLtd2021-02-012022-01-31 068190442021-01-31 068190442021-02-012022-01-31 06819044business:AuditExemptWithAccountantsReport2021-02-012022-01-31 06819044business:FullAccounts2021-02-012022-01-31 068190442022-01-31 06819044business:Director12021-02-012022-01-31 06819044business:RegisteredOffice2021-02-012022-01-31 068190442021-01-31 06819044core:WithinOneYear2022-01-31 06819044core:WithinOneYear2021-01-31 06819044core:AfterOneYear2022-01-31 06819044core:AfterOneYear2021-01-31 06819044core:ShareCapital2022-01-31 06819044core:ShareCapital2021-01-31 06819044core:RetainedEarningsAccumulatedLosses2022-01-31 06819044core:RetainedEarningsAccumulatedLosses2021-01-31 06819044business:SmallEntities2021-02-012022-01-31 06819044countries:EnglandWales2021-02-012022-01-31 06819044core:MotorVehicles2021-02-012022-01-31 06819044core:ComputerEquipment2021-02-012022-01-31 06819044core:MotorVehicles2021-01-31 06819044core:FurnitureFittings2021-01-31 06819044core:MotorVehicles2022-01-31 06819044core:FurnitureFittings2022-01-31 06819044core:FurnitureFittings2021-02-012022-01-31 06819044business:OrdinaryShareClass12021-02-012022-01-31 06819044business:OrdinaryShareClass12020-02-012021-01-31 06819044business:Director112021-02-012022-01-31 06819044business:Director112021-01-31 06819044business:Director112022-01-31 068190442020-02-012021-01-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 06819044 (England and Wales)
Kingers Limited Unaudited accounts for the year ended 31 January 2022
Kingers Limited Unaudited accounts Contents
Page
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Kingers Limited Company Information for the year ended 31 January 2022
Director
K King
Company Number
06819044 (England and Wales)
Registered Office
203 West Street Fareham Hampshire PO16 0EN
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Kingers Limited Accountants' report
Accountants' report to the director of Kingers Limited on the preparation of the unaudited statutory accounts for the year ended 31 January 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kingers Limited for the year ended 31 January 2022 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Kingers Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Kingers Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kingers Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Kingers Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Kingers Limited. You consider that Kingers Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Kingers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 1 June 2022
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Kingers Limited Statement of financial position as at 31 January 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,622 
5,788 
Current assets
Inventories
39,000 
39,000 
Debtors
7,739 
7,644 
Cash at bank and in hand
8,462 
1,443 
55,201 
48,087 
Creditors: amounts falling due within one year
(85,125)
(50,232)
Net current liabilities
(29,924)
(2,145)
Total assets less current liabilities
(25,302)
3,643 
Creditors: amounts falling due after more than one year
(23,815)
(35,000)
Net liabilities
(49,117)
(31,357)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(49,118)
(31,358)
Shareholders' funds
(49,117)
(31,357)
For the year ending 31 January 2022 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 director acknowledges his 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 and authorised for issue on 1 June 2022 and were signed on its behalf by
K King Director Company Registration No. 06819044
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Kingers Limited Notes to the Accounts for the year ended 31 January 2022
1
Statutory information
Kingers Limited is a private company, limited by shares, registered in England and Wales, registration number 06819044. The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN.
2
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.
3
Accounting policies
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.
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:
Motor vehicles
20% reducing balance
Computer equipment
20% reducing balance
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in sterling
Turnover
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.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2021
10,872 
6,925 
17,797 
At 31 January 2022
10,872 
6,925 
17,797 
Depreciation
At 1 February 2021
8,100 
3,909 
12,009 
Charge for the year
612 
554 
1,166 
At 31 January 2022
8,712 
4,463 
13,175 
Net book value
At 31 January 2022
2,160 
2,462 
4,622 
At 31 January 2021
2,772 
3,016 
5,788 
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Kingers Limited Notes to the Accounts for the year ended 31 January 2022
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
2,987 
2,892 
Accrued income and prepayments
128 
128 
Other debtors
4,624 
4,624 
7,739 
7,644 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
12,431 
9,046 
Trade creditors
8,406 
14,794 
Taxes and social security
1,379 
619 
Other creditors
2,055 
2,768 
Loans from directors
34,698 
613 
Accruals
26,156 
22,392 
85,125 
50,232 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
23,815 
35,000 
8
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
K King
Directors Loan Account
(613)
(47,846)
(13,761)
(34,698)
(613)
(47,846)
(13,761)
(34,698)
10
Average number of employees
During the year the average number of employees was 2 (2021: 3).
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