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REGISTERED NUMBER: 07699795 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 July 2024

for

KINGFISHER CASTINGS LIMITED

KINGFISHER CASTINGS LIMITED (REGISTERED NUMBER: 07699795)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KINGFISHER CASTINGS LIMITED

Company Information
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: JJ Wollen
D Wollen
S Wollen





REGISTERED OFFICE: 3 Southernhay West
Exeter
Devon
EX1 1JG





REGISTERED NUMBER: 07699795 (England and Wales)





ACCOUNTANTS: Haines Watts
3 Southernhay West
Exeter
Devon
EX1 1JG

KINGFISHER CASTINGS LIMITED (REGISTERED NUMBER: 07699795)

Balance Sheet
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 2,801 3,501
2,801 3,501

CURRENT ASSETS
Stocks 1,966 2,200
Debtors 7 25,414 30,210
Cash at bank 1,477 5,888
28,857 38,298
CREDITORS
Amounts falling due within one year 8 (34,841 ) (21,963 )
NET CURRENT (LIABILITIES)/ASSETS (5,984 ) 16,335
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,183

)

19,836

CREDITORS
Amounts falling due after more than one
year

9

(10,475

)

(18,618

)

PROVISIONS FOR LIABILITIES (370 ) (472 )
NET (LIABILITIES)/ASSETS (14,028 ) 746

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (14,128 ) 646
(14,028 ) 746

KINGFISHER CASTINGS LIMITED (REGISTERED NUMBER: 07699795)

Balance Sheet - continued
31 JULY 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 4 November 2024 and were signed on its behalf by:





JJ Wollen - Director


KINGFISHER CASTINGS LIMITED (REGISTERED NUMBER: 07699795)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024


1. COMPANY INFORMATION

Kingfisher Castings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
The company is reliant on the support of a number of banking facilities and currently the company is operating within the limits of these facilities. The directors are in regular contact with the bank and they foresee no reason for the bank to withdraw the facilities.

The directors are currently putting in place plans to improve the performance and financial position of the company and this will be reviewed on a regular basis.

Based on above, the directors consider it appropriate for the financial statements to be prepared on a going concern basis.

The financial statements do not include any adjustments that would result if the company was unable to continue as a going concern. Such adjustments would result in the need to reduce the value of the company's assets to their realisable values and to provide for liabilities not presently included within the financial statements.

Turnover
Turnover represents amounts chargeable in respect of the sale of goods to customers.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Property improvements - 20% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.


KINGFISHER CASTINGS LIMITED (REGISTERED NUMBER: 07699795)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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

Pensions
The company operates a defined contribution pension scheme for one of the directors and staff. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

KINGFISHER CASTINGS LIMITED (REGISTERED NUMBER: 07699795)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 16,638
AMORTISATION
At 1 August 2023
and 31 July 2024 16,638
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

6. TANGIBLE FIXED ASSETS
Fixtures
Property Plant and and
improvements machinery fittings Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 13,688 20,013 8,923 42,624
DEPRECIATION
At 1 August 2023 13,688 16,808 8,627 39,123
Charge for year - 641 59 700
At 31 July 2024 13,688 17,449 8,686 39,823
NET BOOK VALUE
At 31 July 2024 - 2,564 237 2,801
At 31 July 2023 - 3,205 296 3,501

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Sales ledger control account 18,948 23,211
Amounts recoverable on contracts 2,760 2,710
Other debtors 41 875
Prepayments 3,665 3,414
25,414 30,210

KINGFISHER CASTINGS LIMITED (REGISTERED NUMBER: 07699795)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,399 7,945
Purchase ledger control
account 4,564 3,158
Social security and other taxes 1,177 2,450
Directors' current accounts 700 5,500
Accrued expenses 3,001 2,910
34,841 21,963

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 8,352 8,146
Bank loans - 2-5 years 2,123 10,472
10,475 18,618

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 14,035 13,435
Between one and five years 8,695 22,732
22,730 36,167