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REGISTERED NUMBER: 07359982 (England and Wales)















Kingdom Facades Limited

Unaudited Financial Statements

for the Year Ended 29 August 2023






Kingdom Facades Limited (Registered number: 07359982)






Contents of the Financial Statements
for the Year Ended 29 August 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Kingdom Facades Limited

Company Information
for the Year Ended 29 August 2023







DIRECTORS: Mr S. Price
Mr M J Hopkins
Mr R M Wingrove





REGISTERED OFFICE: 13 The Courtyard
Timothy's Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP





REGISTERED NUMBER: 07359982 (England and Wales)





ACCOUNTANTS: Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP

Kingdom Facades Limited (Registered number: 07359982)

Balance Sheet
29 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 129,252 40,699

CURRENT ASSETS
Stocks 70,786 12,394
Debtors 5 152,989 160,404
Cash at bank 22,980 19,923
246,755 192,721
CREDITORS
Amounts falling due within one year 6 232,145 246,610
NET CURRENT ASSETS/(LIABILITIES) 14,610 (53,889 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,862

(13,190

)

CREDITORS
Amounts falling due after more than one
year

7

60,887

27,500
NET ASSETS/(LIABILITIES) 82,975 (40,690 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 82,775 (40,890 )
SHAREHOLDERS' FUNDS 82,975 (40,690 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 August 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.

Kingdom Facades Limited (Registered number: 07359982)

Balance Sheet - continued
29 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





Mr S. Price - Director


Kingdom Facades Limited (Registered number: 07359982)

Notes to the Financial Statements
for the Year Ended 29 August 2023

1. STATUTORY INFORMATION

Kingdom Facades 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% 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 Statement of Income and Retained Earnings, 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.

Kingdom Facades Limited (Registered number: 07359982)

Notes to the Financial Statements - continued
for the Year Ended 29 August 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 20 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 30 August 2022 138,384 9,021 2,601 150,006
Additions 125,522 - - 125,522
Disposals (38,995 ) - - (38,995 )
At 29 August 2023 224,911 9,021 2,601 236,533
DEPRECIATION
At 30 August 2022 103,213 4,135 1,959 109,307
Charge for year 25,641 977 129 26,747
Eliminated on disposal (28,773 ) - - (28,773 )
At 29 August 2023 100,081 5,112 2,088 107,281
NET BOOK VALUE
At 29 August 2023 124,830 3,909 513 129,252
At 29 August 2022 35,171 4,886 642 40,699

Kingdom Facades Limited (Registered number: 07359982)

Notes to the Financial Statements - continued
for the Year Ended 29 August 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 30 August 2022
and 29 August 2023 30,000
DEPRECIATION
At 30 August 2022 26,859
Charge for year 628
At 29 August 2023 27,487
NET BOOK VALUE
At 29 August 2023 2,513
At 29 August 2022 3,141

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 152,989 52,885
Other debtors - 107,519
152,989 160,404

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,716 18,929
Hire purchase contracts (see note 8) 10,601 -
Trade creditors 130,130 136,204
Taxation and social security 62,912 82,687
Other creditors 9,786 8,790
232,145 246,610

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 17,501 27,500
Hire purchase contracts (see note 8) 43,386 -
60,887 27,500

Kingdom Facades Limited (Registered number: 07359982)

Notes to the Financial Statements - continued
for the Year Ended 29 August 2023

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 10,601 -
Between one and five years 43,386 -
53,987 -

Non-cancellable operating leases
2023 2022
£    £   
Within one year 7,730 5,038
Between one and five years 16,985 18,434
24,715 23,472