Company Registration No. 09706781 (England and Wales)
Kingston Automotive Ltd
Unaudited accounts
for the year ended 31 October 2022
Kingston Automotive Ltd
Unaudited accounts
Contents
Kingston Automotive Ltd
Company Information
for the year ended 31 October 2022
Directors
Colin John Esslemont
Victoria Margaret Esslemont
Company Number
09706781 (England and Wales)
Registered Office
Unit 1
Wilton Street
Hull
North Humberside
HU8 7LG
England
Accountants
Rainbird Hanton Accountants
The Octagon
Hesslewood Business Park
Feriby Road
Hessle
East Yorkshire
HU13 0LH
Kingston Automotive Ltd
Statement of financial position
as at 31 October 2022
Intangible assets
14,250
17,250
Tangible assets
58,960
53,802
Cash at bank and in hand
17,954
16,710
Creditors: amounts falling due within one year
(103,885)
(70,073)
Net current (liabilities)/assets
(2,241)
19,555
Total assets less current liabilities
70,969
90,607
Creditors: amounts falling due after more than one year
(51,952)
(63,952)
Provisions for liabilities
Deferred tax
(7,942)
(7,942)
Called up share capital
100
100
Profit and loss account
10,975
18,613
Shareholders' funds
11,075
18,713
For the year ending 31 October 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 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 25 October 2023 and were signed on its behalf by
Colin John Esslemont
Director
Company Registration No. 09706781
Kingston Automotive Ltd
Notes to the Accounts
for the year ended 31 October 2022
Kingston Automotive Ltd is a private company, limited by shares, registered in England and Wales, registration number 09706781. The registered office is Unit 1, Wilton Street, Hull, North Humberside, HU8 7LG, England.
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.
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
20% on WDV
Computer equipment
33.33% on WDV
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Kingston Automotive Ltd
Notes to the Accounts
for the year ended 31 October 2022
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2021
96,633
9,265
1,914
107,812
Additions
15,958
950
-
16,908
At 31 October 2022
112,591
10,215
1,914
124,720
At 1 November 2021
47,764
5,603
643
54,010
Charge for the year
10,172
1,154
424
11,750
At 31 October 2022
57,936
6,757
1,067
65,760
At 31 October 2022
54,655
3,458
847
58,960
At 31 October 2021
48,869
3,662
1,271
53,802
Amounts falling due within one year
Trade debtors
14,535
3,895
Accrued income and prepayments
5,966
5,434
Other debtors
61,000
61,000
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
15,583
15,583
Trade creditors
19,398
16,191
Taxes and social security
2,060
13,942
Other creditors
132
22,857
Loans from directors
44,303
-
8
Creditors: amounts falling due after more than one year
2022
2021
9
Average number of employees
During the year the average number of employees was 5 (2021: 5).