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REGISTERED NUMBER: 01747139 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Kington Building Supplies Limited

Kington Building Supplies Limited (Registered number: 01747139)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kington Building Supplies Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Cedric Allan Edwards
Mrs Eileen Elizabeth Edwards
Nicholas Mark Edwards
Andrew Mark Bray
Darren John Edward Burns
Mrs Joanne Elizabeth Burns



SECRETARY:



REGISTERED OFFICE: Sunset Yard
Sunset
Kington
Herefordshire
HR5 3SF



REGISTERED NUMBER: 01747139 (England and Wales)



ACCOUNTANTS: Housego Accountancy & Taxation Ltd.
Office 10
Broadaxe Business Park
Presteigne
Powys
LD8 2UH



BANKERS: Lloyds Bank plc
P O Box1000
Hereford
Herefordshire
HR1 1AE



SOLICITORS: Morris and Bates
P.O.Box 1
Ffordd Alexandra
Alexander Road
Aberystwyth
Ceredigion
SY23 1PT

Kington Building Supplies Limited (Registered number: 01747139)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 -
Tangible assets 5 1,660,935 1,649,631
Investments 6 101,500 2,500
1,765,435 1,652,131

CURRENT ASSETS
Stocks 7 1,633,156 3,483,431
Debtors 8 1,171,100 1,137,639
Cash at bank 3,638,928 4,954,285
6,443,184 9,575,355
CREDITORS
Amounts falling due within one year 9 490,669 719,920
NET CURRENT ASSETS 5,952,515 8,855,435
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,717,950

10,507,566

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Demerger of existing business activities (3,033,560 ) -
Retained earnings 10,750,510 10,506,566
SHAREHOLDERS' FUNDS 7,717,950 10,507,566

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

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

Kington Building Supplies Limited (Registered number: 01747139)

Balance Sheet - continued
31 December 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 2 July 2024 and were signed on its behalf by:




Cedric Allan Edwards - Director



Mrs Eileen Elizabeth Edwards - Director


Kington Building Supplies Limited (Registered number: 01747139)

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

1. STATUTORY INFORMATION

Kington Building Supplies 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.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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 40 (2022 - 41 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
Additions 3,000
At 31 December 2023 3,000
NET BOOK VALUE
At 31 December 2023 3,000

Kington Building Supplies Limited (Registered number: 01747139)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 1,776,746 1,503,595 70,359 52,868 3,403,568
Additions 12,206 249,110 5,109 37,321 303,746
Disposals - (423,171 ) - (23,542 ) (446,713 )
At 31 December 2023 1,788,952 1,329,534 75,468 66,647 3,260,601
DEPRECIATION
At 1 January 2023 443,164 1,213,662 59,081 38,030 1,753,937
Charge for year 35,617 72,878 3,327 9,344 121,166
Eliminated on disposal - (259,462 ) - (15,975 ) (275,437 )
At 31 December 2023 478,781 1,027,078 62,408 31,399 1,599,666
NET BOOK VALUE
At 31 December 2023 1,310,171 302,456 13,060 35,248 1,660,935
At 31 December 2022 1,333,582 289,933 11,278 14,838 1,649,631

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2023 1,000 1,500 2,500
Additions - 100,000 100,000
Disposals (1,000 ) - (1,000 )
At 31 December 2023 - 101,500 101,500
NET BOOK VALUE
At 31 December 2023 - 101,500 101,500
At 31 December 2022 1,000 1,500 2,500

7. STOCKS
2023 2022
£    £   
Stocks 1,633,156 1,703,721
Development projects - 1,779,710
1,633,156 3,483,431

Kington Building Supplies Limited (Registered number: 01747139)

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

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 964,868 940,529
Other debtors 206,232 197,110
1,171,100 1,137,639

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 292,633 382,967
Taxation and social security 126,775 249,573
Other creditors 71,261 87,380
490,669 719,920