IRIS Accounts Production v24.1.0.578 07554694 director 1.8.22 31.7.23 31.7.23 false true false false true false Ordinary 1.00000 A Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075546942022-07-31075546942023-07-31075546942022-08-012023-07-31075546942021-07-31075546942021-08-012022-07-31075546942022-07-3107554694ns15:EnglandWales2022-08-012023-07-3107554694ns14:PoundSterling2022-08-012023-07-3107554694ns10:Director12022-08-012023-07-3107554694ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3107554694ns10:SmallEntities2022-08-012023-07-3107554694ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3107554694ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3107554694ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3107554694ns10:FullAccounts2022-08-012023-07-3107554694ns10:OrdinaryShareClass12022-08-012023-07-3107554694ns10:OrdinaryShareClass22022-08-012023-07-3107554694ns10:RegisteredOffice2022-08-012023-07-3107554694ns5:CurrentFinancialInstruments2023-07-3107554694ns5:CurrentFinancialInstruments2022-07-3107554694ns5:Non-currentFinancialInstruments2023-07-3107554694ns5:Non-currentFinancialInstruments2022-07-3107554694ns5:ShareCapital2023-07-3107554694ns5:ShareCapital2022-07-3107554694ns5:RetainedEarningsAccumulatedLosses2023-07-3107554694ns5:RetainedEarningsAccumulatedLosses2022-07-3107554694ns5:PlantMachinery2022-08-012023-07-3107554694ns5:MotorVehicles2022-08-012023-07-3107554694ns5:ComputerEquipment2022-08-012023-07-3107554694ns5:PlantMachinery2022-07-3107554694ns5:MotorVehicles2022-07-3107554694ns5:ComputerEquipment2022-07-3107554694ns5:PlantMachinery2023-07-3107554694ns5:MotorVehicles2023-07-3107554694ns5:ComputerEquipment2023-07-3107554694ns5:PlantMachinery2022-07-3107554694ns5:MotorVehicles2022-07-3107554694ns5:ComputerEquipment2022-07-3107554694ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-07-3107554694ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-08-012023-07-3107554694ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-3107554694ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-07-3107554694ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3107554694ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3107554694ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-07-3107554694ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-07-3107554694ns5:DeferredTaxation2022-07-3107554694ns5:DeferredTaxation2023-07-3107554694ns10:OrdinaryShareClass12023-07-3107554694ns10:OrdinaryShareClass22023-07-3107554694ns5:RetainedEarningsAccumulatedLosses2022-07-3107554694ns5:RetainedEarningsAccumulatedLosses2022-08-012023-07-31
REGISTERED NUMBER: 07554694 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

KING-COM COMMUNICATIONS LIMITED

KING-COM COMMUNICATIONS LIMITED (REGISTERED NUMBER: 07554694)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KING-COM COMMUNICATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr Edward Matthew Crook





REGISTERED OFFICE: 1 Driftholme Road
Drighlington
Bradford
West Yorkshire
BD11 1LR





REGISTERED NUMBER: 07554694 (England and Wales)





ACCOUNTANTS: Syers McGill
9 Kerry Street
Horsforth
Leeds
West Yorkshire
LS18 4AW

KING-COM COMMUNICATIONS LIMITED (REGISTERED NUMBER: 07554694)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 113,907 96,874

CURRENT ASSETS
Debtors 5 234,664 147,964
Cash at bank 11,469 65,829
246,133 213,793
CREDITORS
Amounts falling due within one year 6 151,922 115,106
NET CURRENT ASSETS 94,211 98,687
TOTAL ASSETS LESS CURRENT
LIABILITIES

208,118

195,561

CREDITORS
Amounts falling due after more than one
year

7

(64,875

)

(62,219

)

PROVISIONS FOR LIABILITIES 8 (21,173 ) (17,909 )
NET ASSETS 122,070 115,433

CAPITAL AND RESERVES
Called up share capital 9 100 1
Retained earnings 10 121,970 115,432
SHAREHOLDERS' FUNDS 122,070 115,433

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KING-COM COMMUNICATIONS LIMITED (REGISTERED NUMBER: 07554694)

BALANCE SHEET - continued
31 JULY 2023


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 8 February 2024 and were signed by:





Mr Edward Matthew Crook - Director


KING-COM COMMUNICATIONS LIMITED (REGISTERED NUMBER: 07554694)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

King-com Communications 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

KING-COM COMMUNICATIONS LIMITED (REGISTERED NUMBER: 07554694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


2. ACCOUNTING POLICIES - continued

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 14 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 10,512 106,059 8,070 124,641
Additions 4,614 36,200 1,467 42,281
At 31 July 2023 15,126 142,259 9,537 166,922
DEPRECIATION
At 1 August 2022 2,319 22,842 2,606 27,767
Charge for year 2,527 21,066 1,655 25,248
At 31 July 2023 4,846 43,908 4,261 53,015
NET BOOK VALUE
At 31 July 2023 10,280 98,351 5,276 113,907
At 31 July 2022 8,193 83,217 5,464 96,874

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022 106,059
Additions 36,200
At 31 July 2023 142,259
DEPRECIATION
At 1 August 2022 22,842
Charge for year 21,066
At 31 July 2023 43,908
NET BOOK VALUE
At 31 July 2023 98,351
At 31 July 2022 83,217

KING-COM COMMUNICATIONS LIMITED (REGISTERED NUMBER: 07554694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 217,428 139,979
Prepayments and accrued income 17,236 7,985
234,664 147,964

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 23,258 12,970
Hire purchase contracts 13,797 15,395
Trade creditors 10,137 9,040
Tax 20,496 26,492
Social security and other taxes 73,202 34,449
Directors' current accounts 937 6,916
Accrued expenses 10,095 9,844
151,922 115,106

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 7,211 13,060
Hire purchase contracts 57,664 49,159
64,875 62,219

8. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax 21,173 17,909

Deferred
tax
£   
Balance at 1 August 2022 17,909
Charge to the income statement 3,264
during year
Balance at 31 July 2023 21,173

KING-COM COMMUNICATIONS LIMITED (REGISTERED NUMBER: 07554694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
95 Ordinary £1 95 1
5 A Ordinary £1 5 -
100 1

10. RESERVES
Retained
earnings
£   

At 1 August 2022 115,432
Profit for the year 63,538
Dividends (57,000 )
At 31 July 2023 121,970

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Edward Matthew Crook.