IRIS Accounts Production v24.2.0.383 10070967 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh100709672023-03-31100709672024-03-31100709672023-04-012024-03-31100709672022-03-31100709672022-04-012023-03-31100709672023-03-3110070967ns15:EnglandWales2023-04-012024-03-3110070967ns14:PoundSterling2023-04-012024-03-3110070967ns10:Director12023-04-012024-03-3110070967ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110070967ns10:SmallEntities2023-04-012024-03-3110070967ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110070967ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110070967ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110070967ns10:FullAccounts2023-04-012024-03-3110070967ns10:RegisteredOffice2023-04-012024-03-3110070967ns5:CurrentFinancialInstruments2024-03-3110070967ns5:CurrentFinancialInstruments2023-03-3110070967ns5:Non-currentFinancialInstruments2024-03-3110070967ns5:Non-currentFinancialInstruments2023-03-3110070967ns5:ShareCapital2024-03-3110070967ns5:ShareCapital2023-03-3110070967ns5:RetainedEarningsAccumulatedLosses2024-03-3110070967ns5:RetainedEarningsAccumulatedLosses2023-03-3110070967ns5:FurnitureFittings2023-04-012024-03-3110070967ns5:ComputerEquipment2023-04-012024-03-3110070967ns5:FurnitureFittings2023-03-3110070967ns5:ComputerEquipment2023-03-3110070967ns5:FurnitureFittings2024-03-3110070967ns5:ComputerEquipment2024-03-3110070967ns5:FurnitureFittings2023-03-3110070967ns5:ComputerEquipment2023-03-3110070967ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3110070967ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 10070967 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Kingsley Grey Limited

Kingsley Grey Limited (Registered number: 10070967)






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


Kingsley Grey Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: A K Scott





REGISTERED OFFICE: Field House
Newton Place
Lee-on-the-solent
Hampshire
PO13 9JL





REGISTERED NUMBER: 10070967 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

Kingsley Grey Limited (Registered number: 10070967)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 588 785

CURRENT ASSETS
Debtors 5 - 14,832
Cash at bank and in hand 46,318 107,323
46,318 122,155
CREDITORS
Amounts falling due within one year 6 41,005 67,526
NET CURRENT ASSETS 5,313 54,629
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,901

55,414

CREDITORS
Amounts falling due after more than one
year

7

(5,685

)

(10,452

)

PROVISIONS FOR LIABILITIES (112 ) (149 )
NET ASSETS 104 44,813

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4 44,713
SHAREHOLDERS' FUNDS 104 44,813

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 her 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.

Kingsley Grey Limited (Registered number: 10070967)

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 30 August 2024 and were signed by:





A K Scott - Director


Kingsley Grey Limited (Registered number: 10070967)

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

1. STATUTORY INFORMATION

Kingsley Grey 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.
Office equipment - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Kingsley Grey Limited (Registered number: 10070967)

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

4. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 460 1,949 2,409
DEPRECIATION
At 1 April 2023 398 1,226 1,624
Charge for year 16 181 197
At 31 March 2024 414 1,407 1,821
NET BOOK VALUE
At 31 March 2024 46 542 588
At 31 March 2023 62 723 785

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 14,364
Other debtors - 468
- 14,832

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,111 5,111
Taxation and social security 28,996 55,517
Other creditors 6,898 6,898
41,005 67,526

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 5,685 10,452

8. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need not be given for related party transactions concluded under normal market conditions, or transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transactions is wholly-owned by such a member.