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REGISTERED NUMBER: 01361767 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

W J KINGHAM (MOTORS) LIMITED

W J KINGHAM (MOTORS) LIMITED (REGISTERED NUMBER: 01361767)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


W J KINGHAM (MOTORS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: J R N Stone
D F Stone
J Stone





REGISTERED OFFICE: Roding Garage
624-628 Chigwell Road
Woodford Bridge
Essex
IG8 8AF





REGISTERED NUMBER: 01361767 (England and Wales)





ACCOUNTANTS: THP Limited
Chartered Accountants
34-40 High Street
Wanstead
London
E11 2RJ

W J KINGHAM (MOTORS) LIMITED (REGISTERED NUMBER: 01361767)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,882 49,293

CURRENT ASSETS
Stocks 16,000 25,606
Debtors 5 78,368 56,630
Cash at bank and in hand 472,971 402,586
567,339 484,822
CREDITORS
Amounts falling due within one year 6 141,330 122,607
NET CURRENT ASSETS 426,009 362,215
TOTAL ASSETS LESS CURRENT
LIABILITIES

465,891

411,508

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings 465,879 411,496
SHAREHOLDERS' FUNDS 465,891 411,508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 14 March 2024 and were signed on its behalf by:





D F Stone - Director


W J KINGHAM (MOTORS) LIMITED (REGISTERED NUMBER: 01361767)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

W J Kingham (Motors) 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.

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 - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to 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.

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 year was 17 (2022 - 15 ) .

W J KINGHAM (MOTORS) LIMITED (REGISTERED NUMBER: 01361767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 166,103 19,613 96,038 17,554 299,308
Additions 562 - - 522 1,084
Disposals - - (25,470 ) - (25,470 )
At 30 September 2023 166,665 19,613 70,568 18,076 274,922
DEPRECIATION
At 1 October 2022 140,724 17,845 75,038 16,408 250,015
Charge for year 3,869 177 5,251 485 9,782
Eliminated on disposal - - (24,757 ) - (24,757 )
At 30 September 2023 144,593 18,022 55,532 16,893 235,040
NET BOOK VALUE
At 30 September 2023 22,072 1,591 15,036 1,183 39,882
At 30 September 2022 25,379 1,768 21,000 1,146 49,293

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 56,555 37,205
Other debtors 7,632 7,632
Directors' current accounts 38 105
Prepayments and accrued income 14,143 11,688
78,368 56,630

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 54,419 55,096
Corporation tax 47,859 12,221
Social security and other taxes 7,019 16,472
VAT 20,188 22,653
Other creditors 1,765 3,465
Accrued expenses 10,080 12,700
141,330 122,607

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Dividends totalling £117,000 (2022: £102,000) were paid in the year in respect of shares held by the company's directors.

At the year end, the directors owed £38 (2022: £105) to the company. This amount was paid back within 9 months of the year end.