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COMPANY REGISTRATION NUMBER: 09966431
KINGFISHER COMMERCIAL SERVICES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2023
KINGFISHER COMMERCIAL SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2023
2023
2022
Note
£
£
£
£
CURRENT ASSETS
Cash at bank and in hand
35,045
7,289
CREDITORS: amounts falling due within one year
4
8,313
9,353
--------
-------
NET CURRENT ASSETS/(LIABILITIES)
26,732
( 2,064)
--------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
26,732
( 2,064)
CREDITORS: amounts falling due after more than one year
5
3,467
5,067
--------
-------
NET ASSETS/(LIABILITIES)
23,265
( 7,131)
--------
-------
CAPITAL AND RESERVES
Called up share capital fully paid
100
100
Profit and loss account
23,165
( 7,231)
--------
-------
SHAREHOLDERS FUNDS/(DEFICIT)
23,265
( 7,131)
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
KINGFISHER COMMERCIAL SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 19 November 2023 , and are signed on behalf of the board by:
Mr K J Collins
Director
Company registration number: 09966431
KINGFISHER COMMERCIAL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
Government grants
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
4. CREDITORS: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
1,599
1,600
Trade creditors
1,039
Other creditors
6,714
6,714
-------
-------
8,313
9,353
-------
-------
5. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
3,467
5,067
-------
-------
6. RELATED PARTY TRANSACTIONS
During the period the directors have advanced monies to and from the company. At 31 March 2023 the amount due to from the company was £ 6,012 (2022 - £ 6,012 ).