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REGISTERED NUMBER: 00423943 (England and Wales)
















Financial Statements for the Year Ended 31 December 2023

for


K.J. Childs & Sons Limited


K.J. Childs & Sons Limited (Registered number: 00423943)







Contents of the Financial Statements

for the Year Ended 31 December 2023





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

4




K.J. Childs & Sons Limited


Company Information

for the Year Ended 31 December 2023









DIRECTORS:

O J Childs


P J Childs







SECRETARY:

P J Childs







REGISTERED OFFICE:

164 Field End Road


Eastcote


Middlesex


HA5 1RH







REGISTERED NUMBER:

00423943 (England and Wales)


K.J. Childs & Sons Limited (Registered number: 00423943)


Balance Sheet

31 December 2023



31.12.23

31.12.22



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

734,001


734,001




CURRENT ASSETS

Debtors

5

630,151


630,151



Cash at bank

994


3,337



631,145


633,488



CREDITORS

Amounts falling due within one year

6

56,595


48,938



NET CURRENT ASSETS

574,550


584,550



TOTAL ASSETS LESS CURRENT

LIABILITIES

1,308,551


1,318,551




CREDITORS

Amounts falling due after more than one

year

7

697,383


712,272



NET ASSETS

611,168


606,279




CAPITAL AND RESERVES

Called up share capital

8

10,002


10,002



Revaluation reserve

9

143,010


143,010



Other reserves

9

339,627


339,627



Retained earnings

9

118,529


113,640



SHAREHOLDERS' FUNDS

611,168


606,279




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.


K.J. Childs & Sons Limited (Registered number: 00423943)


Balance Sheet - continued

31 December 2023



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 20 September 2024 and were signed on its behalf by:






P J Childs - Director



K.J. Childs & Sons Limited (Registered number: 00423943)


Notes to the Financial Statements

for the Year Ended 31 December 2023


1.

STATUTORY INFORMATION



K.J. Childs & Sons 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 as modified by the revaluation of certain assets.    



Turnover


Turnover represents net invoicing, excluding value added tax.



Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.  


Freehold property

-

not provided


Plant and machinery

-

10% on cost


Motor vehicles

-

20% on cost



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 NIL (2022 - NIL).


K.J. Childs & Sons Limited (Registered number: 00423943)


Notes to the Financial Statements - continued

for the Year Ended 31 December 2023


4.

TANGIBLE FIXED ASSETS


Freehold


Plant and


Motor



property


machinery


vehicles


Totals

£   

£   

£   

£   



COST OR VALUATION


At 1 January 2023


and 31 December 2023

734,001


6,974


3,100


744,075




DEPRECIATION


At 1 January 2023


and 31 December 2023

-


6,974


3,100


10,074




NET BOOK VALUE


At 31 December 2023

734,001


-


-


734,001




At 31 December 2022

734,001


-


-


734,001





Cost or valuation at 31 December 2023 is represented by:



Freehold


Plant and


Motor



property


machinery


vehicles


Totals

£   

£   

£   

£   



Valuation in 1984

143,010


-


-


143,010




Cost

590,991


6,974


3,100


601,065



734,001


6,974


3,100


744,075





If the property had not been revalued it would have been included at the following historical cost:



31.12.23


31.12.22

£   

£   



Cost

590,991


590,991




5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.12.23


31.12.22

£   

£   



Trade debtors

112,500


112,500




Other debtors

517,651


517,651



630,151


630,151




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.12.23


31.12.22

£   

£   



Bank loans and overdrafts

40,100


38,047




Trade creditors

(1

)

69




Tax

1,634


-




Directors' current accounts

4,656


118




Accruals and deferred income

10,206


10,704



56,595


48,938




K.J. Childs & Sons Limited (Registered number: 00423943)


Notes to the Financial Statements - continued

for the Year Ended 31 December 2023


7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR



31.12.23


31.12.22

£   

£   



Bank loans - 2-5 years

697,383


712,272




8.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

31.12.23


31.12.22


value:

£   

£   



10,002

Ordinary

£1

10,002


10,002




9.

RESERVES


Retained


Revaluation


Other



earnings


reserve


reserves


Totals

£   

£   

£   

£   




At 1 January 2023

113,640


143,010


339,627


596,277




Profit for the year

9,889


9,889




Dividends

(5,000

)

(5,000

)



At 31 December 2023

118,529


143,010


339,627


601,166




10.

ULTIMATE CONTROLLING PARTY



The ultimate controlling party is Mr P J Childs by virtue of his 100% holding in the share capital of the company.