Company registration number 11056705 (England and Wales)
ALS KINGFISHER LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
ALS KINGFISHER LIMITED
COMPANY INFORMATION
Directors
Mr M L Fletcher
Mrs S Fletcher
Mr A M Fletcher
(Appointed 18 April 2024)
Company number
11056705
Registered office
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Barclays Bank Plc
Leicester
Leicestershire
LE87 2BB
ALS KINGFISHER LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 7
ALS KINGFISHER LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ALS KINGFISHER LIMITED FOR THE YEAR ENDED 30 JUNE 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ALS Kingfisher Limited for the year ended 30 June 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of ALS Kingfisher Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ALS Kingfisher Limited and state those matters that we have agreed to state to the board of directors of ALS Kingfisher Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ALS Kingfisher Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that ALS Kingfisher Limited 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 loss of ALS Kingfisher Limited. You consider that ALS Kingfisher Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of ALS Kingfisher Limited. 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.

Ormerod Rutter Limited
21 October 2024
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
ALS KINGFISHER LIMITED
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
28,997
6,274
Investment property
4
335,613
-
0
Investments
5
453,920
744,221
818,530
750,495
Current assets
Debtors
6
693,576
175,731
Cash at bank and in hand
4,289,082
4,812,450
4,982,658
4,988,181
Creditors: amounts falling due within one year
7
(351,284)
(406,227)
Net current assets
4,631,374
4,581,954
Net assets
5,449,904
5,332,449
Capital and reserves
Called up share capital
8
134
101
Share premium account
1,007,284
477,317
Profit and loss reserves
4,442,486
4,855,031
Total equity
5,449,904
5,332,449

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 21 October 2024 and are signed on its behalf by:
Mr M L Fletcher
Mrs S Fletcher
Director
Director
Company registration number 11056705 (England and Wales)
ALS KINGFISHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information

ALS Kingfisher Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Oakley, Kidderminster Road, Droitwich, Worcestershire, WR9 9AY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Improvements to property
10% straight line
Computers
20% reducing balance
Motor vehicles
25% reducing balance
1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

ALS KINGFISHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
2
ALS KINGFISHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
3
Tangible fixed assets
Improvements to property
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 July 2023
-
0
-
0
9,125
9,125
Additions
22,969
4,827
-
0
27,796
At 30 June 2024
22,969
4,827
9,125
36,921
Depreciation and impairment
At 1 July 2023
-
0
-
0
2,851
2,851
Depreciation charged in the year
2,297
1,207
1,569
5,073
At 30 June 2024
2,297
1,207
4,420
7,924
Carrying amount
At 30 June 2024
20,672
3,620
4,705
28,997
At 30 June 2023
-
0
-
0
6,274
6,274
4
Investment property
2024
£
Fair value
At 1 July 2023
-
0
Additions
335,613
At 30 June 2024
335,613

The directors have assessed the market value of the property and consider that there has been no significant change in the market value at the year end.

5
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
15
15
Other investments other than loans
453,905
744,206
453,920
744,221
ALS KINGFISHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
5
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Shares in associates
Other investments
Total
£
£
£
Cost or valuation
At 1 July 2023
15
744,206
744,221
Valuation changes
-
(290,301)
(290,301)
At 30 June 2024
15
453,905
453,920
Carrying amount
At 30 June 2024
15
453,905
453,920
At 30 June 2023
15
744,206
744,221
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
70,355
70,355
Amounts owed by group undertakings and undertakings in which the company has a participating interest
528,849
-
0
Other debtors
94,372
105,376
693,576
175,731
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
84
-
0
Taxation and social security
330
1,108
Other creditors
350,870
405,119
351,284
406,227
ALS KINGFISHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 7 -
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
61
61
61
61
Ordinary B of £1 each
35
35
35
35
Ordinary C of £1 each
5
5
5
5
Ordinary D of £1 each
33
-
33
-
134
101
134
101

33 D Ordinary shares of £1.00 were allotted and fully paid at a premium of £16,059.61 per share.

9
Ultimate controlling party

The ultimate controlling party is Mr M L Fletcher and Mrs S Fletcher.

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