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REGISTERED NUMBER: 06755422 (England and Wales)

















Unaudited Financial Statements

for the Period

30 November 2021 to 28 November 2022

for

Kingston Cabinets Ltd

Kingston Cabinets Ltd (Registered number: 06755422)






Contents of the Financial Statements
for the Period 30 November 2021 to 28 November 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kingston Cabinets Ltd

Company Information
for the Period 30 November 2021 to 28 November 2022







DIRECTOR: Mrs C Parkin





REGISTERED OFFICE: 2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR





REGISTERED NUMBER: 06755422 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Kingston Cabinets Ltd (Registered number: 06755422)

Balance Sheet
28 November 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 9,778 26,151

CURRENT ASSETS
Stocks 18,800 16,420
Debtors 5 72,597 60,052
Cash at bank 10 65,514
91,407 141,986
CREDITORS
Amounts falling due within one year 6 (95,116 ) (86,167 )
NET CURRENT (LIABILITIES)/ASSETS (3,709 ) 55,819
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,069

81,970

CREDITORS
Amounts falling due after more than one
year

7

(325,817

)

(358,969

)
NET LIABILITIES (319,748 ) (276,999 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (319,848 ) (277,099 )
(319,748 ) (276,999 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 November 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Kingston Cabinets Ltd (Registered number: 06755422)

Balance Sheet - continued
28 November 2022


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 November 2023 and were signed by:





Mrs C Parkin - Director


Kingston Cabinets Ltd (Registered number: 06755422)

Notes to the Financial Statements
for the Period 30 November 2021 to 28 November 2022

1. STATUTORY INFORMATION

Kingston Cabinets Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2021 - 8 ) .

Kingston Cabinets Ltd (Registered number: 06755422)

Notes to the Financial Statements - continued
for the Period 30 November 2021 to 28 November 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 30 November 2021 62,303 23,541 41,134 126,978
Additions - 920 - 920
Disposals - (17,235 ) (26,209 ) (43,444 )
At 28 November 2022 62,303 7,226 14,925 84,454
DEPRECIATION
At 30 November 2021 55,812 7,644 37,371 100,827
Charge for period 1,623 973 664 3,260
Eliminated on disposal - (4,309 ) (25,102 ) (29,411 )
At 28 November 2022 57,435 4,308 12,933 74,676
NET BOOK VALUE
At 28 November 2022 4,868 2,918 1,992 9,778
At 29 November 2021 6,491 15,897 3,763 26,151

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 70,247 60,000
Other debtors 2,350 52
72,597 60,052

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 9,487 10,000
Trade creditors 28,430 23,757
Taxation and social security 34,383 32,731
Other creditors 22,816 19,679
95,116 86,167

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Within other creditors is the amount owed to the director, being £325,817. The director is prepared to continue to support the development of the company for the next year as demonstrated by this loan to the company, being utilised for the investment in a new website, plant and machinery, motor vehicles and staff development for its next stage of growth.

Kingston Cabinets Ltd (Registered number: 06755422)

Notes to the Financial Statements - continued
for the Period 30 November 2021 to 28 November 2022

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Debenture 325,817 353,969

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 28 November 2022 and the year ended 29 November 2021:

2022 2021
£    £   
Mrs C Parkin
Balance outstanding at start of period 353,969 328,437
Amounts advanced 91,609 25,532
Amounts repaid (119,761 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 325,817 353,969