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REGISTERED NUMBER: 09411672 (England and Wales)

























Unaudited Financial Statements for the Year Ended 31 March 2024

for

Kingpin Electrical Limited

Kingpin Electrical Limited (Registered number: 09411672)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kingpin Electrical Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D STOTT





REGISTERED OFFICE: Unit 6 Stanshawes Court
Yate
Bristol
BS37 4DZ





REGISTERED NUMBER: 09411672 (England and Wales)





ACCOUNTANTS: Dolman's Chartered Accountants
The Mews
Hounds Road
Chipping Sodbury
Bristol
BS37 6EE

Kingpin Electrical Limited (Registered number: 09411672)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,590 10,122

CURRENT ASSETS
Debtors 5 34,594 36,994
Cash at bank 41,532 44,225
76,126 81,219
CREDITORS
Amounts falling due within one year 6 48,031 46,784
NET CURRENT ASSETS 28,095 34,435
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,685

44,557

CREDITORS
Amounts falling due after more than one
year

7

(28,704

)

(34,259

)

PROVISIONS FOR LIABILITIES (1,442 ) (1,923 )
NET ASSETS 5,539 8,375

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 5,537 8,373
SHAREHOLDERS' FUNDS 5,539 8,375

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Kingpin Electrical Limited (Registered number: 09411672)

Balance Sheet - continued
31 March 2024


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 7 August 2024 and were signed by:





D STOTT - Director


Kingpin Electrical Limited (Registered number: 09411672)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Kingpin Electrical 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 equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 4 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 1,680 20,194 2,339 24,213
DEPRECIATION
At 1 April 2023 1,244 11,841 1,006 14,091
Charge for year 109 2,089 334 2,532
At 31 March 2024 1,353 13,930 1,340 16,623
NET BOOK VALUE
At 31 March 2024 327 6,264 999 7,590
At 31 March 2023 436 8,353 1,333 10,122

Kingpin Electrical Limited (Registered number: 09411672)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,780 34,793
Amounts recoverable on contract 337 -
Other debtors 1,477 2,201
34,594 36,994

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 19,686 19,165
Taxation and social security 17,872 17,413
Other creditors 4,917 4,650
48,031 46,784

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 28,704 34,259

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,482 12,037

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 2,250 2,250

9. OTHER FINANCIAL COMMITMENTS

Interest is payable on the bank loan at a rate of 2.5% per year for 9 years from June 2021.

Kingpin Electrical Limited (Registered number: 09411672)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
D STOTT
Balance outstanding at start of year (1,205 ) (1,523 )
Amounts advanced - 318
Amounts repaid (412 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,617 ) (1,205 )