2022-03-012023-02-282023-02-28false07162218Kingerby Vale 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Kingerby Vale Ltd

(formerly GREENSTRIPE GARDEN MACHINERY LIMITED)

Registered Number
07162218
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

Kingerby Vale Ltd
Company Information
for the year from 1 March 2022 to 28 February 2023

Directors

BIRD, Gavin
BIRD, Kirsten

Company Secretary

BIRD, Kirsten

Registered Address

Kingerby Vale Farm
Bishop Bridge
Market Rasen
LN8 3LY

Registered Number

07162218 (England and Wales)
Kingerby Vale Ltd
Statement of Financial Position
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets52,0872,456
2,0872,456
Current assets
Stocks215,383156,327
Debtors40,05942,704
Cash at bank and on hand310,260347,992
565,702547,023
Creditors amounts falling due within one year(139,122)(135,195)
Net current assets (liabilities)426,580411,828
Total assets less current liabilities428,667414,284
Provisions for liabilities(877)(877)
Net assets427,790413,407
Capital and reserves
Called up share capital100100
Profit and loss account427,690413,307
Shareholders' funds427,790413,407
The financial statements were approved and authorised for issue by the Board of Directors on 2 November 2023, and are signed on its behalf by:
BIRD, Gavin
Director
BIRD, Kirsten
Director

Registered Company No. 07162218
Kingerby Vale Ltd
Notes to the Financial Statements
for the year ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Land and buildings20
Plant and machinery5
Fixtures and fittings5
Vehicles5
Office Equipment5
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Deferred tax policy
Deferred tax is recognised in respect of 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 it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year77
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 March 2260,321
At 28 February 2360,171
Depreciation and impairment
At 01 March 2257,865
Charge for year369
At 28 February 2358,084
Net book value
At 28 February 232,087
At 28 February 222,456