Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activity2true2023-04-01false2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC360292 2023-04-01 2024-03-31 SC360292 2022-04-01 2023-03-31 SC360292 2024-03-31 SC360292 2023-03-31 SC360292 c:Director1 2023-04-01 2024-03-31 SC360292 c:Director2 2023-04-01 2024-03-31 SC360292 c:RegisteredOffice 2023-04-01 2024-03-31 SC360292 c:Agent1 2023-04-01 2024-03-31 SC360292 d:CurrentFinancialInstruments 2024-03-31 SC360292 d:CurrentFinancialInstruments 2023-03-31 SC360292 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC360292 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC360292 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC360292 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC360292 c:FRS102 2023-04-01 2024-03-31 SC360292 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC360292 c:FullAccounts 2023-04-01 2024-03-31 SC360292 c:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 SC360292 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: SC360292










KINGDOM PRODUCE LIMITED
(A company limited by guarantee)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
KINGDOM PRODUCE LIMITED
 
(A company limited by guarantee)
 

COMPANY INFORMATION


DIRECTORS
Mr A Faichney 
Mr F McDonald 




REGISTERED NUMBER
SC360292



REGISTERED OFFICE
14 City Quay

Dundee

DD1 3JA




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA




BANKERS
Bank of Scotland
9 Falkland Gate

Glenrothes

Fife

KY7 5LW




SOLICITORS
Thorntons Law LLP
Kinburn Castle

St Andrews

Fife

KY16 9DR





 
KINGDOM PRODUCE LIMITED
  
(A company limited by guarantee)
REGISTERED NUMBER:SC360292

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
19,545
11,490

Cash at bank and in hand
  
17,875
49,983

  
37,420
61,473

Creditors: amounts falling due within one year
 4 
(19,322)
(43,015)

Net current assets
  
 
 
18,098
 
 
18,458

Total assets less current liabilities
  
18,098
18,458

  

Net assets
  
18,098
18,458


Capital and reserves
  

Profit and loss account
  
18,098
18,458

  
18,098
18,458


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





Mr A Faichney
Director

Date: 26 September 2024

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
KINGDOM PRODUCE LIMITED
 
(A company limited by guarantee)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1.


GENERAL INFORMATION

The company is limited by Guarantee and incorporated in Scotland; Registration Number SC360292.   The registered office address is 14 City Quay, Dundee, DD1 3JA. The company's place of business is Prestonhall Industrial Estate, Cupar, Fife, KY15 4RD. 

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 2

 
KINGDOM PRODUCE LIMITED
 
(A company limited by guarantee)
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (continued)


3.


DEBTORS

2024
2023
£
£


Trade debtors
19,545
11,490

19,545
11,490



4.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
3,222
1,915

Other creditors
15,000
40,000

Accruals and deferred income
1,100
1,100

19,322
43,015




5.


COMPANY LIMITED BY GUARANTEE

Every member of the company undertakes to contribute such an amount as may be required                 (not exceeding £1) to the company's assets if it should be wound up while he is a member or within one year after he ceases to be a member, for payment of the company's debts and liabilities contracted before he ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves.


Page 3