2023-04-012024-03-312024-03-31false07504701KINGSMITH CARE 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KINGSMITH CARE LTD

Registered Number
07504701
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

KINGSMITH CARE LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

KING, Emma Louise
SMITH, Lee Franklynn

Registered Address

Bishop Creighton House
347 - 380 Lillie Road
London
SW6 7PH

Registered Number

07504701 (England and Wales)
KINGSMITH CARE LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets45,2124,219
5,2124,219
Current assets
Debtors70,86889,031
Cash at bank and on hand306,55117,963
377,419106,994
Creditors amounts falling due within one year5(343,136)(73,643)
Net current assets (liabilities)34,28333,351
Total assets less current liabilities39,49537,570
Provisions for liabilities(484)-
Net assets39,01137,570
Capital and reserves
Called up share capital22
Profit and loss account39,00937,568
Shareholders' funds39,01137,570
The financial statements were approved and authorised for issue by the Board of Directors on 12 September 2024, and are signed on its behalf by:
SMITH, Lee Franklynn
Director
Registered Company No. 07504701
KINGSMITH CARE LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets on a straight line basis.

Straight line (years)
Vehicles5
Office Equipment4
2.Average number of employees

20242023
Average number of employees during the year4234
3.Intangible assets
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 2319,205
Additions3,778
At 31 March 2422,983
Depreciation and impairment
At 01 April 2314,987
Charge for year2,784
At 31 March 2417,772
Net book value
At 31 March 245,212
At 31 March 234,219
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables30,170101
Bank borrowings and overdrafts201,23133,805
Taxation and social security74,38236,121
Other creditors3,6163,616
Accrued liabilities and deferred income33,737-
Total343,13673,643
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.