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REGISTERED NUMBER: 04778973 (England and Wales)
















Robert King Limited

Unaudited Financial Statements

for the Year Ended 31st March 2024






Robert King Limited (Registered number: 04778973)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Robert King Limited

Company Information
for the Year Ended 31st March 2024







Directors: Mr R J S King
Ms V R Scheffel





Registered office: The Old Rectory
Alpheton
CO10 9BT





Registered number: 04778973 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Robert King Limited (Registered number: 04778973)

Statement of Financial Position
31st March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 238,538 278,968

Current assets
Debtors 5 2,621 13,717
Cash at bank 43,719 58,697
46,340 72,414
Creditors
Amounts falling due within one year 6 391,858 414,013
Net current liabilities (345,518 ) (341,599 )
Total assets less current liabilities (106,980 ) (62,631 )

Creditors
Amounts falling due after more than one
year

7

(5,260

)

(13,063

)

Provisions for liabilities (6,593 ) (6,628 )
Net liabilities (118,833 ) (82,322 )

Capital and reserves
Called up share capital 10 10
Retained earnings (118,843 ) (82,332 )
(118,833 ) (82,322 )

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

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

Robert King Limited (Registered number: 04778973)

Statement of Financial Position - continued
31st 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 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 5th September 2024 and were signed on its behalf by:





Mr R J S King - Director


Robert King Limited (Registered number: 04778973)

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

1. Statutory information

Robert King 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.

At the balance sheet date the company's liabilities exceeded its assets and the company received assurance from the directors, that they will continue to give financial support to the company for twelve months from the date of signing of these financial statements.

On this basis, the directors considers it appropriate to prepare the financial statements on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis is used in preparing the company's financial statements may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The financial statements do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

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 the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - Straight line over 13.5 years
Fixtures and fittings - 25% reducing balance
Equipment - 25% reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Robert King Limited (Registered number: 04778973)

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

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Fixtures
Short and
leasehold fittings Equipment Totals
£    £    £    £   
Cost
At 1st April 2023
and 31st March 2024 406,849 20,639 119,153 546,641
Depreciation
At 1st April 2023 169,210 20,434 78,029 267,673
Charge for year 30,136 51 10,243 40,430
At 31st March 2024 199,346 20,485 88,272 308,103
Net book value
At 31st March 2024 207,503 154 30,881 238,538
At 31st March 2023 237,639 205 41,124 278,968

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 614 12,000
Other debtors 2,007 1,717
2,621 13,717

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 7,858 5,260
Taxation and social security 654 6,790
Other creditors 383,346 401,963
391,858 414,013

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 5,260 13,063