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REGISTERED NUMBER: 02999320 (England and Wales)
















Financial Statements

for the Year Ended 31 December 2023

for

T.R. King Limited

T.R. King Limited (Registered number: 02999320)

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










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


T.R. King Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: T R King
T M King
M T King





REGISTERED OFFICE: The Forge
Bath Road
Woodchester
Stroud
Gloucestershire
GL5 5NA





REGISTERED NUMBER: 02999320 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

T.R. King Limited

Report of the Accountants to the Directors of
T.R. King 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 and the related notes from the company's accounting records and from information and explanations you have given us.

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

It is your duty to ensure that the Company 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. You consider that the Company 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 the Company. 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.






GCSD Accountants Limited


1 March 2024

T.R. King Limited (Registered number: 02999320)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 87,173 42,837
Investment property 5 516,000 516,000
603,173 558,837

CURRENT ASSETS
Stocks 1,600 1,600
Debtors 6 17,894 21,217
Cash at bank 237,989 228,365
257,483 251,182
CREDITORS
Amounts falling due within one year 7 126,128 127,294
NET CURRENT ASSETS 131,355 123,888
TOTAL ASSETS LESS CURRENT
LIABILITIES

734,528

682,725

PROVISIONS FOR LIABILITIES 48,843 40,419
NET ASSETS 685,685 642,306

T.R. King Limited (Registered number: 02999320)

Balance Sheet - continued
31 December 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserves 137,613 137,613
Retained earnings 547,972 504,593
SHAREHOLDERS' FUNDS 685,685 642,306

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Board of Directors and authorised for issue on 1 March 2024 and were signed on its behalf by:




T R King - Director T M King - Director




M T King - Director


T.R. King Limited (Registered number: 02999320)

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


1. STATUTORY INFORMATION

T.R. King 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 as modified by the revaluation of certain assets.

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.
Plant and machinery - 10% on cost
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.


T.R. King Limited (Registered number: 02999320)

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


2. ACCOUNTING POLICIES - continued
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.

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 year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 278,952 20,985 299,937
Additions 3,220 65,253 68,473
At 31 December 2023 282,172 86,238 368,410
DEPRECIATION
At 1 January 2023 243,651 13,449 257,100
Charge for year 5,940 18,197 24,137
At 31 December 2023 249,591 31,646 281,237
NET BOOK VALUE
At 31 December 2023 32,581 54,592 87,173
At 31 December 2022 35,301 7,536 42,837

T.R. King Limited (Registered number: 02999320)

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


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 516,000
NET BOOK VALUE
At 31 December 2023 516,000
At 31 December 2022 516,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2022 169,893
Cost 346,107
516,000

The investment property was revalued in 2022, based on the directors' estimate of the market value of the property at that date. The estimated value has not materially changed since the last revaluation.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,948 19,460
Other debtors 1,946 1,757
17,894 21,217

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payments on account 12,743 3,918
Trade creditors 20,466 36,701
Taxation and social security 35,216 28,817
Other creditors 57,703 57,858
126,128 127,294