Acorah Software Products - Accounts Production 14.6.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 4465902 Mr John King Mr Martin King Mrs Paula Bowman Mr John & Mr Martin King true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 4465902 2023-06-30 4465902 2024-06-30 4465902 2023-07-01 2024-06-30 4465902 frs-core:CurrentFinancialInstruments 2024-06-30 4465902 frs-core:Non-currentFinancialInstruments 2024-06-30 4465902 frs-core:ComputerEquipment 2024-06-30 4465902 frs-core:ComputerEquipment 2023-07-01 2024-06-30 4465902 frs-core:ComputerEquipment 2023-06-30 4465902 frs-core:FurnitureFittings 2024-06-30 4465902 frs-core:FurnitureFittings 2023-07-01 2024-06-30 4465902 frs-core:FurnitureFittings 2023-06-30 4465902 frs-core:MotorVehicles 2024-06-30 4465902 frs-core:MotorVehicles 2023-07-01 2024-06-30 4465902 frs-core:MotorVehicles 2023-06-30 4465902 frs-core:ShareCapital 2024-06-30 4465902 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 4465902 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 4465902 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 4465902 frs-bus:SmallEntities 2023-07-01 2024-06-30 4465902 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 4465902 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 4465902 1 2023-07-01 2024-06-30 4465902 frs-bus:Director1 2023-07-01 2024-06-30 4465902 frs-bus:Director2 2023-07-01 2024-06-30 4465902 frs-bus:Director3 2023-07-01 2024-06-30 4465902 2 2023-07-01 2024-06-30 4465902 frs-countries:EnglandWales 2023-07-01 2024-06-30 4465902 2022-06-30 4465902 2023-06-30 4465902 2022-07-01 2023-06-30 4465902 frs-core:CurrentFinancialInstruments 2023-06-30 4465902 frs-core:Non-currentFinancialInstruments 2023-06-30 4465902 frs-core:ShareCapital 2023-06-30 4465902 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 4465902 1 2022-07-01 2023-06-30 4465902 2 2022-07-01 2023-06-30
Registered number: 4465902
Kings Couriers Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
CBS (Accounting) Ltd
Oak Business Centre
79-93 Ratcliffe Road
Sileby
Loughborough
LE12 7PU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 4465902
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 57,264 45,139
57,264 45,139
CURRENT ASSETS
Debtors 5 26,758 33,103
Cash at bank and in hand 4,009 5,130
30,767 38,233
Creditors: Amounts Falling Due Within One Year 6 (53,724 ) (42,447 )
NET CURRENT ASSETS (LIABILITIES) (22,957 ) (4,214 )
TOTAL ASSETS LESS CURRENT LIABILITIES 34,307 40,925
Creditors: Amounts Falling Due After More Than One Year 7 (19,104 ) (28,014 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,880 ) (8,576 )
NET ASSETS 4,323 4,335
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 4,321 4,333
SHAREHOLDERS' FUNDS 4,323 4,335
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Martin King
Director
27/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Kings Couriers Ltd Registered number 4465902 is a limited by shares company incorporated in England & Wales. The Registered Office is 85 Melton Road, Barrow Upon Soar, Loughborough, LE12 8NS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration - 1
Directors - 1
Drivers 3 4
3 6
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 119,616 508 4,357 124,481
Additions 34,389 - - 34,389
Disposals (19,188 ) - - (19,188 )
As at 30 June 2024 134,817 508 4,357 139,682
Depreciation
As at 1 July 2023 74,752 388 4,202 79,342
...CONTINUED
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Provided during the period 19,150 30 155 19,335
Disposals (16,259 ) - - (16,259 )
As at 30 June 2024 77,643 418 4,357 82,418
Net Book Value
As at 30 June 2024 57,174 90 - 57,264
As at 1 July 2023 44,864 120 155 45,139
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 25,708 32,053
Other debtors 1,050 1,050
26,758 33,103
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,167 6,214
Bank loans and overdrafts 10,000 10,000
Other taxes and social security 1,291 1,303
VAT 7,550 11,545
Net wages 4,609 4,798
Other creditors 16,435 931
Directors' loan accounts 7,672 7,656
53,724 42,447
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 19,104 28,014
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr John & Mr Martin King by virtue of their ownership of 100% of the issued share capital in the company.
Page 4