Company Registration No. 04724008 (England and Wales)
Kingswood School Limited
Unaudited accounts
for the year ended 30 April 2024
Kingswood School Limited
Unaudited accounts
Contents
Kingswood School Limited
Company Information
for the year ended 30 April 2024
Company Number
04724008 (England and Wales)
Kingswood School Limited
Statement of financial position
as at 30 April 2024
Tangible assets
44,510
43,223
Cash at bank and in hand
57,440
2,351
Creditors: amounts falling due within one year
(518,847)
(410,726)
Net current (liabilities)/assets
(243,695)
27,203
Net (liabilities)/assets
(199,185)
70,426
Called up share capital
1
1
Profit and loss account
(199,186)
70,425
Shareholders' funds
(199,185)
70,426
For the year ending 30 April 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 September 2024 and were signed on its behalf by
Shahzad Yousuf
Director
Company Registration No. 04724008
Kingswood School Limited
Notes to the Accounts
for the year ended 30 April 2024
Kingswood School Limited is a private company, limited by shares, registered in England and Wales, registration number 04724008.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2023
87,625
4,425
92,050
Additions
10,990
5,134
16,124
At 30 April 2024
98,615
9,559
108,174
At 1 May 2023
45,696
3,131
48,827
Charge for the year
13,230
1,607
14,837
At 30 April 2024
58,926
4,738
63,664
At 30 April 2024
39,689
4,821
44,510
At 30 April 2023
41,929
1,294
43,223
Kingswood School Limited
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
122,314
104,518
Accrued income and prepayments
-
4,292
Other debtors
95,398
326,768
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
41,023
44,287
Trade creditors
83,763
66,108
Taxes and social security
338,497
235,270
Other creditors
47,336
60,887
Loans from directors
8,228
4,174
Provisions are recognised when the company has a present obligation as a result of a past event which it is more
probable than not will result in an outflow of economic benefits that can be reasonably estimated.
8
Average number of employees
During the year the average number of employees was 30 (2023: 30).