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REGISTERED NUMBER: 08315108 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Kingsmere Surfacing Limited

Kingsmere Surfacing Limited (Registered number: 08315108)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kingsmere Surfacing Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: P Down





REGISTERED OFFICE: Station Yard
Lower Station Road
Gillingham
Dorset
SP8 4PZ





REGISTERED NUMBER: 08315108 (England and Wales)





ACCOUNTANTS: Camelot Accounting Ltd
9 Bryony Gardens
Gillingham
Dorset
SP8 4TR

Kingsmere Surfacing Limited (Registered number: 08315108)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,834 4,834
Tangible assets 5 166,494 185,229
169,328 190,063

CURRENT ASSETS
Stocks 18,400 7,610
Debtors 6 89,181 44,229
Cash at bank 93,633 204,904
201,214 256,743
CREDITORS
Amounts falling due within one year 7 221,513 232,041
NET CURRENT (LIABILITIES)/ASSETS (20,299 ) 24,702
TOTAL ASSETS LESS CURRENT
LIABILITIES

149,029

214,765

CREDITORS
Amounts falling due after more than
one year

8

(16,360

)

(31,098

)

PROVISIONS FOR LIABILITIES (34,976 ) (35,194 )
NET ASSETS 97,693 148,473

Kingsmere Surfacing Limited (Registered number: 08315108)

Balance Sheet - continued
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 97,691 148,471
SHAREHOLDERS' FUNDS 97,693 148,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 13 September 2024 and were signed by:





P Down - Director


Kingsmere Surfacing Limited (Registered number: 08315108)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Kingsmere Surfacing 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Kingsmere Surfacing Limited (Registered number: 08315108)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 20,000
AMORTISATION
At 1 May 2023 15,166
Charge for year 2,000
At 30 April 2024 17,166
NET BOOK VALUE
At 30 April 2024 2,834
At 30 April 2023 4,834

Kingsmere Surfacing Limited (Registered number: 08315108)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 328,907
Additions 49,825
Disposals (30,730 )
At 30 April 2024 348,002
DEPRECIATION
At 1 May 2023 143,678
Charge for year 55,497
Eliminated on disposal (17,667 )
At 30 April 2024 181,508
NET BOOK VALUE
At 30 April 2024 166,494
At 30 April 2023 185,229

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 89,181 44,229

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 4,737 4,737
Trade creditors 64,634 109,012
Taxation and social security 53,509 51,936
Other creditors 88,633 56,356
221,513 232,041

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 10,833 20,833
Hire purchase contracts 5,527 10,265
16,360 31,098