IRIS Accounts Production v23.4.0.336 02439464 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh024394642022-11-30024394642023-11-30024394642022-12-012023-11-30024394642021-11-30024394642021-12-012022-11-30024394642022-11-3002439464ns15:EnglandWales2022-12-012023-11-3002439464ns14:PoundSterling2022-12-012023-11-3002439464ns10:Director12022-12-012023-11-3002439464ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3002439464ns10:SmallEntities2022-12-012023-11-3002439464ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3002439464ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3002439464ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3002439464ns10:FullAccounts2022-12-012023-11-300243946412022-12-012023-11-3002439464ns5:CurrentFinancialInstruments2023-11-3002439464ns5:CurrentFinancialInstruments2022-11-3002439464ns5:Non-currentFinancialInstruments2023-11-3002439464ns5:Non-currentFinancialInstruments2022-11-3002439464ns5:ShareCapital2023-11-3002439464ns5:ShareCapital2022-11-3002439464ns5:RetainedEarningsAccumulatedLosses2023-11-3002439464ns5:RetainedEarningsAccumulatedLosses2022-11-3002439464ns10:RegisteredOffice2022-12-012023-11-3002439464ns5:NetGoodwill2022-12-012023-11-3002439464ns5:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3002439464ns5:NetGoodwill2022-11-3002439464ns5:NetGoodwill2023-11-3002439464ns5:NetGoodwill2022-11-3002439464ns5:PlantMachinery2022-11-3002439464ns5:PlantMachinery2022-12-012023-11-3002439464ns5:PlantMachinery2023-11-3002439464ns5:PlantMachinery2022-11-3002439464ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3002439464ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3002439464ns5:WithinOneYear2023-11-3002439464ns5:WithinOneYear2022-11-3002439464ns5:BetweenOneFiveYears2023-11-3002439464ns5:BetweenOneFiveYears2022-11-3002439464ns5:AllPeriods2023-11-3002439464ns5:AllPeriods2022-11-30
REGISTERED NUMBER: 02439464 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

KIMBERLEY GULF LIMITED

KIMBERLEY GULF LIMITED (REGISTERED NUMBER: 02439464)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


KIMBERLEY GULF LIMITED (REGISTERED NUMBER: 02439464)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,851 16,851
Tangible assets 5 19,049 24,356
35,900 41,207

CURRENT ASSETS
Stocks 10,560 3,616
Debtors 6 38,953 70,984
Cash at bank and in hand 13,148 38,759
62,661 113,359
CREDITORS
Amounts falling due within one year 7 59,836 72,554
NET CURRENT ASSETS 2,825 40,805
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,725

82,012

CREDITORS
Amounts falling due after more than one
year

8

(24,943

)

(34,835

)

PROVISIONS FOR LIABILITIES (3,883 ) (4,892 )
NET ASSETS 9,899 42,285

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9,799 42,185
9,899 42,285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

KIMBERLEY GULF LIMITED (REGISTERED NUMBER: 02439464)

BALANCE SHEET - continued
30 NOVEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2024 and were signed on its behalf by:





G Ellis - Director


KIMBERLEY GULF LIMITED (REGISTERED NUMBER: 02439464)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Kimberley Gulf Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02439464

Registered office: Glaslyn Ffordd Y Parc
Parc Menai
Bangor
Gwynedd
LL57 4FE

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 represents net invoiced work done and uninvoiced amounts due on contracts by reference to the stage of completion, excluding value added tax.

Goodwill
Goodwill is reviewed by the directors on an annual basis for any impairment.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 12.5% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


KIMBERLEY GULF LIMITED (REGISTERED NUMBER: 02439464)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued
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 the profit and loss account on a straight line basis over the period of the lease.

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 7 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 16,851
NET BOOK VALUE
At 30 November 2023 16,851
At 30 November 2022 16,851

KIMBERLEY GULF LIMITED (REGISTERED NUMBER: 02439464)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 60,499
Additions 1,171
At 30 November 2023 61,670
DEPRECIATION
At 1 December 2022 36,143
Charge for year 6,478
At 30 November 2023 42,621
NET BOOK VALUE
At 30 November 2023 19,049
At 30 November 2022 24,356

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,276 55,672
Amounts recoverable on contract 4,541 7,178
Other debtors 7,136 8,134
38,953 70,984

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,891 9,647
Trade creditors 24,598 7,119
Taxation and social security 6,151 39,599
Other creditors 19,196 16,189
59,836 72,554

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 24,943 34,835

KIMBERLEY GULF LIMITED (REGISTERED NUMBER: 02439464)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 1,244 1,244
Between one and five years 3,421 4,665
4,665 5,909