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REGISTERED NUMBER: 11140522 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

KINGFISHER ELECTRICS LTD

KINGFISHER ELECTRICS LTD (REGISTERED NUMBER: 11140522)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KINGFISHER ELECTRICS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: S L Fisher





REGISTERED OFFICE: 275 Kingsway
Hove
United Kingdom
BN3 4LJ





REGISTERED NUMBER: 11140522 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

KINGFISHER ELECTRICS LTD (REGISTERED NUMBER: 11140522)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,884 15,290

CURRENT ASSETS
Stocks 5 1,800 1,800
Debtors 6 18,571 3,940
Cash at bank 76,828 61,710
97,199 67,450
CREDITORS
Amounts falling due within one year 7 71,474 61,059
NET CURRENT ASSETS 25,725 6,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,609

21,681

CREDITORS
Amounts falling due after more than one
year

8

(11,013

)

(18,676

)

PROVISIONS FOR LIABILITIES (2,613 ) (2,905 )
NET ASSETS 23,983 100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 23,883 -
23,983 100

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 31 October 2024 and were signed by:





S L Fisher - Director


KINGFISHER ELECTRICS LTD (REGISTERED NUMBER: 11140522)

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

1. STATUTORY INFORMATION

Kingfisher Electrics Ltd 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 represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

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.

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.

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 5 (2023 - 3 ) .

KINGFISHER ELECTRICS LTD (REGISTERED NUMBER: 11140522)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 3,736 2,235 31,155 2,310 39,436
Additions 639 - - - 639
At 31 January 2024 4,375 2,235 31,155 2,310 40,075
DEPRECIATION
At 1 February 2023 2,292 1,132 18,934 1,788 24,146
Charge for year 522 276 3,056 191 4,045
At 31 January 2024 2,814 1,408 21,990 1,979 28,191
NET BOOK VALUE
At 31 January 2024 1,561 827 9,165 331 11,884
At 31 January 2023 1,444 1,103 12,221 522 15,290

5. STOCKS
2024 2023
£    £   
Stocks 1,800 1,800

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,504 3,595
Prepayments 3,067 345
18,571 3,940

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,773 7,773
Trade creditors 10,955 8,413
Tax 17,817 12,781
Social security and other taxes (803 ) 285
VAT 11,449 7,107
Other creditors 2,445 2,862
Directors' loan accounts 20,805 20,805
Accrued expenses 1,033 1,033
71,474 61,059

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,773 7,773
Bank loans - 2-5 years 3,240 10,903
11,013 18,676

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, S L Fisher maintained his loan to the company. As at 31 January 2024, the company owed him £20,806 (2023: £20,806). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

KINGFISHER ELECTRICS LTD (REGISTERED NUMBER: 11140522)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

10. ULTIMATE CONTROLLING PARTY

The controlling party is S L Fisher.

This was by virtue of his 100% holding of the issued share capital.