Company Registration No. 7154125 (England and Wales)
Kingswood UK Home Ltd
Unaudited accounts
for the year ended 28 August 2024
Kingswood UK Home Ltd
Unaudited accounts
Contents
Kingswood UK Home Ltd
Company Information
for the year ended 28 August 2024
Company Number
7154125 (England and Wales)
Registered Office
83 Winkworth Road
Banstead
Surrey
SM7 2JW
United Kingdom
Accountants
Accounting and Business Solutions
9
Wentworth Road
Croydon
England
CR0 3HX
Accountants' report on the preparation of the unaudited statutory statements of Kingswood UK Home Ltd (The Company) for the year ended 28 August 2024
In order to assist you as the sole director to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 28 August 2024 which comprises of the profit and loss account, the balance sheet, and explanatory notes from the company's accounting records and from information and explanations which you have provided us with.
As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to you as the sole director of the company, in accordance with the terms of our letter of engagement dated . Our work has been undertaken solely to prepare for your approval the financial statements of the company, and state those matters that we have agreed to state to you, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and you as the sole director for our work or for this report.
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and financial performance of the company. You consider that the company is exempt from the statutory audit requirement for the year ended 28 August 2024.
We have not been instructed to carry out any assurance service on the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Accounting and Business Solutions
Financial Accountants
9
Wentworth Road
Croydon
England
CR0 3HX
18 October 2024
Kingswood UK Home Ltd
Statement of financial position
as at 28 August 2024
Intangible assets
102,087
114,848
Tangible assets
1,283,447
1,351,192
Cash at bank and in hand
13,108
46,826
Creditors: amounts falling due within one year
(15,881)
(3,885)
Net current (liabilities)/assets
(2,773)
42,941
Total assets less current liabilities
1,382,761
1,508,981
Creditors: amounts falling due after more than one year
(1,357,519)
(1,405,385)
Called up share capital
100
100
Profit and loss account
25,142
103,496
Shareholders' funds
25,242
103,596
For the year ending 28 August 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 18 October 2024 and were signed on its behalf by
Mr M Ramful
Director
Company Registration No. 7154125
Kingswood UK Home Ltd
Notes to the Accounts
for the year ended 28 August 2024
Kingswood UK Home Ltd is a private company, limited by shares, registered in England and Wales, registration number 7154125. The registered office is 83 Winkworth Road, Banstead, Surrey, SM7 2JW, United Kingdom.
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
15 % Reducing balance method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. It is amortised to profit and loss account over its estimated economic life of 20 years
4
Intangible fixed assets
Goodwill
Charge for the year
12,761
Kingswood UK Home Ltd
Notes to the Accounts
for the year ended 28 August 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 29 August 2023
899,560
750,732
1,650,292
At 28 August 2024
899,560
750,732
1,650,292
At 29 August 2023
-
299,100
299,100
Charge for the year
-
67,745
67,745
At 28 August 2024
-
366,845
366,845
At 28 August 2024
899,560
383,887
1,283,447
At 28 August 2023
899,560
451,632
1,351,192
6
Creditors: amounts falling due within one year
2024
2023
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
1,357,519
1,405,385
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).