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REGISTERED NUMBER: 13676348 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Kensington Mint Limited

Kensington Mint Limited (Registered number: 13676348)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kensington Mint Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: G Coe





REGISTERED OFFICE: Hinton Chambers
Hinton Road
Bournemouth
BH1 2EF





REGISTERED NUMBER: 13676348 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

Kensington Mint Limited (Registered number: 13676348)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,629 768

CURRENT ASSETS
Stocks 83,859 18,000
Debtors 5 248,745 76,767
Cash at bank and in hand 20,103 11,704
352,707 106,471
CREDITORS
Amounts falling due within one year 6 414,898 86,097
NET CURRENT (LIABILITIES)/ASSETS (62,191 ) 20,374
TOTAL ASSETS LESS CURRENT
LIABILITIES

(59,562

)

21,142

PROVISIONS FOR LIABILITIES 499 -
NET (LIABILITIES)/ASSETS (60,061 ) 21,142

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (60,161 ) 21,042
SHAREHOLDERS' FUNDS (60,061 ) 21,142

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Kensington Mint Limited (Registered number: 13676348)

Balance Sheet - continued
31 October 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 director and authorised for issue on 16 August 2024 and were signed by:





G Coe - Director


Kensington Mint Limited (Registered number: 13676348)

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

1. STATUTORY INFORMATION

Kensington Mint 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.
Plant and machinery etc - 33% on cost and 15% on reducing balance

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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 10 (2022 - 7 ) .

Kensington Mint Limited (Registered number: 13676348)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 1,064
Additions 2,818
At 31 October 2023 3,882
DEPRECIATION
At 1 November 2022 296
Charge for year 957
At 31 October 2023 1,253
NET BOOK VALUE
At 31 October 2023 2,629
At 31 October 2022 768

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 230,319 70,057
Other debtors 18,426 6,710
248,745 76,767

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 150,696 39,509
Taxation and social security 144,684 6,073
Other creditors 119,518 40,515
414,898 86,097

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 October 2023 and the period ended 31 October 2022:

2023 2022
£    £   
G Coe
Balance outstanding at start of year - -
Amounts advanced 8,451 -
Amounts repaid (3,725 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,726 -