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REGISTERED NUMBER: 06583420 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

KINGSLEY BATHROOM PLUMBING & HEATING
CENTRE LIMITED

KINGSLEY BATHROOM PLUMBING & HEATING
CENTRE LIMITED (REGISTERED NUMBER: 06583420)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


KINGSLEY BATHROOM PLUMBING & HEATING
CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: J E Wyatt
S J Tidmarsh
N G Tidmarsh





SECRETARY: S J Tidmarsh





REGISTERED OFFICE: 46 Junction Road
Northampton
NN2 7JA





REGISTERED NUMBER: 06583420 (England and Wales)





ACCOUNTANTS: DNG Dove Naish LLP
Eagle House
28 Billing Road
Northampton
NN1 5AJ

KINGSLEY BATHROOM PLUMBING & HEATING
CENTRE LIMITED (REGISTERED NUMBER: 06583420)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 186,047 165,207

CURRENT ASSETS
Stocks 904,468 831,990
Debtors 5 1,590,305 1,781,403
Investments 6 2,150 2,150
Cash at bank and in hand 137,599 118,313
2,634,522 2,733,856
CREDITORS
Amounts falling due within one year 7 960,691 962,863
NET CURRENT ASSETS 1,673,831 1,770,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,859,878

1,936,200

PROVISIONS FOR LIABILITIES 45,138 41,302
NET ASSETS 1,814,740 1,894,898

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,814,640 1,894,798
SHAREHOLDERS' FUNDS 1,814,740 1,894,898

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

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

KINGSLEY BATHROOM PLUMBING & HEATING
CENTRE LIMITED (REGISTERED NUMBER: 06583420)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:




J E Wyatt - Director S J Tidmarsh - Director




N G Tidmarsh - Director


KINGSLEY BATHROOM PLUMBING & HEATING
CENTRE LIMITED (REGISTERED NUMBER: 06583420)

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


1. STATUTORY INFORMATION

Kingsley Bathroom Plumbing & Heating Centre 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

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.
Leasehold Improvements - 5% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items of property, plant and equipment.

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

KINGSLEY BATHROOM PLUMBING & HEATING
CENTRE LIMITED (REGISTERED NUMBER: 06583420)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 makes contributions to the employees personal pension scheme. These contributions are charged to the profit and loss account in the period to which they relate.

Government grants
Government grant income is recognised as it is receivable, to the extent that the grant has been expended by the end of the financial year. Unspent grants are shown on the balance sheet as liabilities.

KINGSLEY BATHROOM PLUMBING & HEATING
CENTRE LIMITED (REGISTERED NUMBER: 06583420)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
Improvements machinery fittings
£    £    £   
COST
At 1 June 2022 79,969 26,123 46,885
Additions - - 10,934
At 31 May 2023 79,969 26,123 57,819
DEPRECIATION
At 1 June 2022 793 11,827 16,364
Charge for year 3,998 3,576 6,237
At 31 May 2023 4,791 15,403 22,601
NET BOOK VALUE
At 31 May 2023 75,178 10,720 35,218
At 31 May 2022 79,176 14,296 30,521

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2022 72,425 12,704 238,106
Additions - 48,626 59,560
At 31 May 2023 72,425 61,330 297,666
DEPRECIATION
At 1 June 2022 36,791 7,124 72,899
Charge for year 11,878 13,031 38,720
At 31 May 2023 48,669 20,155 111,619
NET BOOK VALUE
At 31 May 2023 23,756 41,175 186,047
At 31 May 2022 35,634 5,580 165,207

KINGSLEY BATHROOM PLUMBING & HEATING
CENTRE LIMITED (REGISTERED NUMBER: 06583420)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 414,434 432,227
Provision for doubtful debts - (8,721 )
Amounts owed by group undertakings 1,141,878 1,093,452
Other debtors 14,936 41,736
Tax 14,762 -
VAT - 41,297
Prepayments and accrued income 4,295 181,412
1,590,305 1,781,403

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 2,150 2,150

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 358,229 352,365
Tax 20,763 67,092
Social security and other taxes 5,645 3,709
VAT 62,766 -
Other creditors 6,786 20,972
Wages control 2,867 -
Directors' current accounts 492,953 501,449
Accruals and deferred income 10,682 17,276
960,691 962,863

8. ULTIMATE CONTROLLING PARTY

The company is a 100% subsidiary of Kingsley BPHC Holdings Limited , which is registered in England and Wales.