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REGISTERED NUMBER: 10607467 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Kings Langley 4x4 Limited

Kings Langley 4x4 Limited (Registered number: 10607467)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Kings Langley 4x4 Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P Bartley
N K Boothman
R Forrest





REGISTERED OFFICE: Unit 3 Sunderlands Estate
Church Lane
Kings Langley
WD4 8JU





REGISTERED NUMBER: 10607467 (England and Wales)





ACCOUNTANTS: Stewarts Accountants Limited
271 High Street
Berkhamsted
Hertfordshire
HP4 1AA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Kings Langley 4x4 Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kings Langley 4x4 Limited for the year ended 31 March 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kings Langley 4x4 Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kings Langley 4x4 Limited and state those matters that we have agreed to state to the Board of Directors of Kings Langley 4x4 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kings Langley 4x4 Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kings Langley 4x4 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kings Langley 4x4 Limited. You consider that Kings Langley 4x4 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 financial statements of Kings Langley 4x4 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 financial statements.






Stewarts Accountants Limited
271 High Street
Berkhamsted
Hertfordshire
HP4 1AA


18 September 2023

Kings Langley 4x4 Limited (Registered number: 10607467)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 89,942 76,438

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 76,895 33,637
Cash at bank and in hand 66,672 81,839
148,567 120,476
CREDITORS
Amounts falling due within one year 6 126,356 82,643
NET CURRENT ASSETS 22,211 37,833
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,153

114,271

CREDITORS
Amounts falling due after more than one
year

7

(30,443

)

(40,000

)

PROVISIONS FOR LIABILITIES (17,760 ) (10,144 )
NET ASSETS 63,950 64,127

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 63,850 64,027
63,950 64,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

Kings Langley 4x4 Limited (Registered number: 10607467)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2023 and were signed on its behalf by:




P Bartley - Director R Forrest - Director




N K Boothman - Director


Kings Langley 4x4 Limited (Registered number: 10607467)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Kings Langley 4x4 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable for the provision of motor repair services during the year and is stated net of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Kings Langley 4x4 Limited (Registered number: 10607467)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 130,779 1,213 13,784 4,462 150,238
Additions 35,316 - - - 35,316
At 31 March 2023 166,095 1,213 13,784 4,462 185,554
DEPRECIATION
At 1 April 2022 62,544 755 8,216 2,285 73,800
Charge for year 19,762 115 1,391 544 21,812
At 31 March 2023 82,306 870 9,607 2,829 95,612
NET BOOK VALUE
At 31 March 2023 83,789 343 4,177 1,633 89,942
At 31 March 2022 68,235 458 5,568 2,177 76,438

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 37,537 7,305
Prepayments 39,358 26,332
76,895 33,637

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 46,310 26,905
Tax 19,280 5,855
Social security and other taxes 8,386 7,545
VAT 34,949 25,924
Other creditors 3,110 1,348
Langley Autocraft Ltd 34 1,715
Directors' current accounts 4,287 3,351
126,356 82,643

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 30,443 40,000

Kings Langley 4x4 Limited (Registered number: 10607467)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. LEASING AGREEMENTS
As at the balance sheet date, the company had commitments under non-cancellable operating leases, not provided for in the financial statements, totalling £13,250 (2022 - £13,250)

9. RELATED PARTY DISCLOSURES

The directors' current account balances of £4,287 (2022 - £3,351) have no fixed date for repayment, are repayable upon demand and are non-interest bearing.