IRIS Accounts Production v24.1.0.578 01404541 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh014045412023-01-31014045412024-01-31014045412023-02-012024-01-31014045412022-01-31014045412022-02-012023-01-31014045412023-01-3101404541ns15:EnglandWales2023-02-012024-01-3101404541ns14:PoundSterling2023-02-012024-01-3101404541ns10:Director12023-02-012024-01-3101404541ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3101404541ns10:SmallEntities2023-02-012024-01-3101404541ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3101404541ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3101404541ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3101404541ns10:FullAccounts2023-02-012024-01-3101404541ns10:Director22023-02-012024-01-3101404541ns10:Director32023-02-012024-01-3101404541ns10:CompanySecretary12023-02-012024-01-3101404541ns10:RegisteredOffice2023-02-012024-01-3101404541ns5:CurrentFinancialInstruments2024-01-3101404541ns5:CurrentFinancialInstruments2023-01-3101404541ns5:ShareCapital2024-01-3101404541ns5:ShareCapital2023-01-3101404541ns5:RetainedEarningsAccumulatedLosses2024-01-3101404541ns5:RetainedEarningsAccumulatedLosses2023-01-3101404541ns5:FurnitureFittings2023-02-012024-01-3101404541ns5:MotorVehicles2023-02-012024-01-3101404541ns5:LeaseholdImprovements2023-01-3101404541ns5:FurnitureFittings2023-01-3101404541ns5:MotorVehicles2023-01-3101404541ns5:LeaseholdImprovements2023-02-012024-01-3101404541ns5:LeaseholdImprovements2024-01-3101404541ns5:FurnitureFittings2024-01-3101404541ns5:MotorVehicles2024-01-3101404541ns5:LeaseholdImprovements2023-01-3101404541ns5:FurnitureFittings2023-01-3101404541ns5:MotorVehicles2023-01-3101404541ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3101404541ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3101404541ns5:AcceleratedTaxDepreciationDeferredTax2024-01-3101404541ns5:AcceleratedTaxDepreciationDeferredTax2023-01-3101404541ns5:DeferredTaxation2023-01-3101404541ns5:DeferredTaxation2024-01-31
REGISTERED NUMBER: 01404541 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

KINGSWOOD CANVAS LIMITED

KINGSWOOD CANVAS LIMITED (REGISTERED NUMBER: 01404541)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KINGSWOOD CANVAS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: A M Eyers
M M Eyers
J A Eyers





SECRETARY: A M Eyers





REGISTERED OFFICE: Units 7-9
Douglas Road Industrial Park
Douglas Road
Kingswood, Bristol
BS15 8PD





REGISTERED NUMBER: 01404541 (England and Wales)





ACCOUNTANTS: Lawes & Co
Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU

KINGSWOOD CANVAS LIMITED (REGISTERED NUMBER: 01404541)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 259,955 168,811

CURRENT ASSETS
Stocks 42,466 33,218
Debtors 5 663,526 593,290
Cash at bank 942,014 849,162
1,648,006 1,475,670
CREDITORS
Amounts falling due within one year 6 260,918 245,798
NET CURRENT ASSETS 1,387,088 1,229,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,647,043

1,398,683

PROVISIONS FOR LIABILITIES 7 54,440 31,213
NET ASSETS 1,592,603 1,367,470

CAPITAL AND RESERVES
Called up share capital 8 11 11
Retained earnings 1,592,592 1,367,459
SHAREHOLDERS' FUNDS 1,592,603 1,367,470

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

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

KINGSWOOD CANVAS LIMITED (REGISTERED NUMBER: 01404541)

BALANCE SHEET - continued
31 JANUARY 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 Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





A M Eyers - Director


KINGSWOOD CANVAS LIMITED (REGISTERED NUMBER: 01404541)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Kingswood Canvas 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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% 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.

KINGSWOOD CANVAS LIMITED (REGISTERED NUMBER: 01404541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

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 17 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2023 3,288 375,267 115,739 494,294
Additions - 10,498 212,119 222,617
Disposals (3,288 ) - (118,869 ) (122,157 )
At 31 January 2024 - 385,765 208,989 594,754
DEPRECIATION
At 1 February 2023 3,288 281,187 41,008 325,483
Charge for year - 20,916 29,952 50,868
Eliminated on disposal (3,288 ) - (38,264 ) (41,552 )
At 31 January 2024 - 302,103 32,696 334,799
NET BOOK VALUE
At 31 January 2024 - 83,662 176,293 259,955
At 31 January 2023 - 94,080 74,731 168,811

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 269,401 196,545
Other debtors 394,125 396,745
663,526 593,290

KINGSWOOD CANVAS LIMITED (REGISTERED NUMBER: 01404541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 75,829 63,269
Taxation and social security 175,063 176,287
Other creditors 10,026 6,242
260,918 245,798

7. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax
Accelerated capital allowances 54,440 31,213

Deferred
tax
£   
Balance at 1 February 2023 31,213
Accelerated capital allowances 23,227
Balance at 31 January 2024 54,440

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Allotted
number:

Class:
Nominal
Value:

31.1.24£
31.1.23
£
1 A Ordinary £1 1 1
6 B Ordinary £1 6 7
2 C Ordinary £1 2 3
1 D Ordinary £1 1 0
1 E Ordinary £1 1 0
11 11

9. RELATED PARTY DISCLOSURES

Other debtors include a loan of £282,797 (2023: £291,197) owed by a director, on which interest is chargeable at an agreed rate of 2%.

10. ULTIMATE CONTROLLING PARTY

The controlling party is A M Eyers.