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REGISTERED NUMBER: 07699795 (England and Wales)















Kingfisher Castings Limited

Unaudited Financial Statements for the Year Ended 31 July 2023






Kingfisher Castings Limited (Registered number: 07699795)

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


Kingfisher Castings Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: JJ Wollen
D Wollen
S Wollen





REGISTERED OFFICE: 3 Southernhay West
Exeter
Devon
EX1 1JG





REGISTERED NUMBER: 07699795 (England and Wales)





ACCOUNTANTS: Haines Watts Accountants (Exeter) Limited
3 Southernhay West
Exeter
Devon
EX1 1JG

Kingfisher Castings Limited (Registered number: 07699795)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 3,501 4,375
3,501 4,375

CURRENT ASSETS
Stocks 2,200 2,000
Debtors 7 30,210 16,305
Cash at bank 5,888 35,340
38,298 53,645
CREDITORS
Amounts falling due within one year 8 (21,963 ) (25,894 )
NET CURRENT ASSETS 16,335 27,751
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,836

32,126

CREDITORS
Amounts falling due after more than one
year

9

(18,618

)

(26,563

)

PROVISIONS FOR LIABILITIES (472 ) (458 )
NET ASSETS 746 5,105

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 646 5,005
SHAREHOLDERS' FUNDS 746 5,105

Kingfisher Castings Limited (Registered number: 07699795)

Balance Sheet - continued
31 July 2023


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 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 18 March 2024 and were signed on its behalf by:





JJ Wollen - Director


Kingfisher Castings Limited (Registered number: 07699795)

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


1. STATUTORY INFORMATION

Kingfisher Castings 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
The company is reliant on the support of a number of banking facilities and currently the company is operating within the limits of these facilities. The directors are in regular contact with the bank and they foresee no reason for the bank to withdraw the facilities.

Consequently, the directors have a reasonable expectation that the company has adequate resources to continue as a going concern for the foreseeable future and as such the financial statements have been drawn up on that basis.

The financial statements do not include any adjustments that would result if the company was unable to continue as a going concern. Such adjustments would result in the need to reduce the value of the company's assets to their realisable values and to provide for liabilities not presently included within the financial statements.

Turnover
Turnover represents amounts chargeable in respect of the sale of goods to customers.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Property improvements - 20% straight line
Plant and machinery - 20% reducing balance
Fixtures and fittings - 20% reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.


Kingfisher Castings Limited (Registered number: 07699795)

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


3. ACCOUNTING POLICIES - continued
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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pensions
The company operates a defined contribution pension scheme for one of the directors and staff. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Kingfisher Castings Limited (Registered number: 07699795)

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


5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 16,638
AMORTISATION
At 1 August 2022
and 31 July 2023 16,638
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

6. TANGIBLE FIXED ASSETS
Fixtures
Property Plant and and
improvements machinery fittings Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 13,688 20,013 8,923 42,624
DEPRECIATION
At 1 August 2022 13,688 16,008 8,553 38,249
Charge for year - 800 74 874
At 31 July 2023 13,688 16,808 8,627 39,123
NET BOOK VALUE
At 31 July 2023 - 3,205 296 3,501
At 31 July 2022 - 4,005 370 4,375

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 23,211 15,795
Amounts recoverable on contract 2,710 250
Other debtors 4,289 260
30,210 16,305

Kingfisher Castings Limited (Registered number: 07699795)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,945 7,749
Trade creditors 3,158 6,340
Taxation and social security 2,450 2,887
Other creditors 8,410 8,918
21,963 25,894

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 18,618 26,563

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 13,435 5,421
Between one and five years 22,732 1,077
36,167 6,498