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REGISTERED NUMBER: 03953428 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Kingdom Services Limited

Kingdom Services Limited (Registered number: 03953428)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Kingdom Services Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: J H Smith





REGISTERED OFFICE: Unit 6
Omega Industrial Village
Thurston Road
Northallerton
North Yorkshire
DL6 2NL





REGISTERED NUMBER: 03953428 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Kingdom Services Limited (Registered number: 03953428)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,768,787 1,260,378

CURRENT ASSETS
Debtors 5 131,698 76,325
Cash at bank 11,109 56,299
142,807 132,624
CREDITORS
Amounts falling due within one year 6 528,511 480,329
NET CURRENT LIABILITIES (385,704 ) (347,705 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,383,083

912,673

CREDITORS
Amounts falling due after more than one
year

7

(425,458

)

(76,816

)

PROVISIONS FOR LIABILITIES (210,971 ) (165,042 )
NET ASSETS 746,654 670,815

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 746,554 670,715
SHAREHOLDERS' FUNDS 746,654 670,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

Kingdom Services Limited (Registered number: 03953428)

Statement of Financial Position - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2024 and were signed by:





J H Smith - Director


Kingdom Services Limited (Registered number: 03953428)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Kingdom Services 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 5% on cost

Government grants
Government grants are recognised in other income when there is reasonable assurance that the company will comply to the conditions attached to them and that the grants will be received or will not need to be repaid.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Kingdom Services Limited (Registered number: 03953428)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 2,064,216 112,505 7,859 2,184,580
Additions 664,904 89,345 - 754,249
Disposals (62,945 ) - - (62,945 )
At 31 March 2024 2,666,175 201,850 7,859 2,875,884
DEPRECIATION
At 1 April 2023 851,959 65,042 7,201 924,202
Charge for year 184,165 24,865 38 209,068
Eliminated on disposal (26,173 ) - - (26,173 )
At 31 March 2024 1,009,951 89,907 7,239 1,107,097
NET BOOK VALUE
At 31 March 2024 1,656,224 111,943 620 1,768,787
At 31 March 2023 1,212,257 47,463 658 1,260,378

Kingdom Services Limited (Registered number: 03953428)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 865,769 112,505 978,274
Additions 611,911 89,345 701,256
Transfer to ownership (373,403 ) (112,505 ) (485,908 )
At 31 March 2024 1,104,277 89,345 1,193,622
DEPRECIATION
At 1 April 2023 271,831 65,042 336,873
Charge for year 65,107 12,999 78,106
Transfer to ownership (118,459 ) (65,042 ) (183,501 )
At 31 March 2024 218,479 12,999 231,478
NET BOOK VALUE
At 31 March 2024 885,798 76,346 962,144
At 31 March 2023 593,938 47,463 641,401

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 120,498 52,806
Other debtors 11,200 23,519
131,698 76,325

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 65,245 20,000
Hire purchase contracts and finance leases 201,345 221,352
Trade creditors 3,547 66,300
Taxation and social security 3,795 -
Other creditors 254,579 172,677
528,511 480,329

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 21,684 41,667
Hire purchase contracts and finance leases 403,774 35,149
425,458 76,816

Kingdom Services Limited (Registered number: 03953428)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts and finance leases 605,119 256,501

Hire purchase and finance leases are secured on the assets to which they relate.