1 false false false false false false false false false false true false false false false false false No description of principal activity 2022-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 11,987 11,572 103 11,675 312 415 xbrli:pure xbrli:shares iso4217:GBP 06822753 2022-05-01 2023-04-30 06822753 2023-04-30 06822753 2022-04-30 06822753 2021-05-01 2022-04-30 06822753 2022-04-30 06822753 2021-04-30 06822753 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 06822753 bus:Director1 2022-05-01 2023-04-30 06822753 bus:Director2 2022-05-01 2023-04-30 06822753 core:WithinOneYear 2023-04-30 06822753 core:WithinOneYear 2022-04-30 06822753 core:ShareCapital 2023-04-30 06822753 core:ShareCapital 2022-04-30 06822753 core:CapitalRedemptionReserve 2023-04-30 06822753 core:CapitalRedemptionReserve 2022-04-30 06822753 core:RetainedEarningsAccumulatedLosses 2023-04-30 06822753 core:RetainedEarningsAccumulatedLosses 2022-04-30 06822753 bus:SmallEntities 2022-05-01 2023-04-30 06822753 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 06822753 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 06822753 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 06822753 bus:FullAccounts 2022-05-01 2023-04-30 06822753 bus:OrdinaryShareClass1 2023-04-30 06822753 bus:OrdinaryShareClass1 2022-04-30 06822753 core:PlantMachinery 2022-05-01 2023-04-30 06822753 core:PlantMachinery 2023-04-30 06822753 core:PlantMachinery 2022-04-30
COMPANY REGISTRATION NUMBER: 06822753
Kingfisher Gaskets Ltd
Filleted Unaudited Financial Statements
30 April 2023
Kingfisher Gaskets Ltd
Financial Statements
Year ended 30 April 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Kingfisher Gaskets Ltd
Statement of Financial Position
30 April 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
312
415
Current assets
Stocks
8,567
11,930
Debtors
6
42,397
47,261
Cash at bank and in hand
81,457
76,052
---------
---------
132,421
135,243
Creditors: amounts falling due within one year
7
25,109
37,512
---------
---------
Net current assets
107,312
97,731
---------
--------
Total assets less current liabilities
107,624
98,146
Provisions
Taxation including deferred tax
59
79
---------
--------
Net assets
107,565
98,067
---------
--------
Kingfisher Gaskets Ltd
Statement of Financial Position (continued)
30 April 2023
2023
2022
Note
£
£
£
Capital and reserves
Called up share capital
8
740
740
Capital redemption reserve
260
260
Profit and loss account
106,565
97,067
---------
--------
Shareholders funds
107,565
98,067
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 10 April 2024 , and are signed on behalf of the board by:
M S Lewis K W R Spooner
Director Director
Company registration number: 06822753
Kingfisher Gaskets Ltd
Notes to the Financial Statements
Year ended 30 April 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1, Woden Court, Saxon Business Park, Bromsgrove, Worcs, B60 4AD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when goods are physically delivered to the customer.
Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and Machinery
-
25% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, either as financial assets, financial liabilities or equity interests. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Plant and Machinery
Total
£
£
Cost
At 1 May 2022 and 30 April 2023
11,987
11,987
--------
--------
Depreciation
At 1 May 2022
11,572
11,572
Charge for the year
103
103
--------
--------
At 30 April 2023
11,675
11,675
--------
--------
Carrying amount
At 30 April 2023
312
312
--------
--------
At 30 April 2022
415
415
--------
--------
6. Debtors
2023
2022
£
£
Trade debtors
41,990
46,907
Other debtors
407
354
--------
--------
42,397
47,261
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
18,106
30,688
Social security and other taxes
5,114
4,935
Other creditors
1,889
1,889
--------
--------
25,109
37,512
--------
--------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
740
740
740
740
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