Registered number
07950272
Kingdu Limited
Unaudited Filleted Accounts
31 March 2024
Kingdu Limited
Registered number: 07950272
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Tangible assets 3 58,814 69,499
Current assets
Stocks 6,500 5,000
Debtors 4 70,785 21,139
Cash at bank and in hand 125,954 201,760
203,239 227,899
Creditors: amounts falling due within one year 5 (192,967) (201,135)
Net current assets 10,272 26,764
Total assets less current liabilities 69,086 96,263
Creditors: amounts falling due after more than one year 6 (29,686) (34,925)
Net assets 39,400 61,338
Capital and reserves
Called up share capital 1 1
Profit and loss account 39,399 61,337
Shareholder's funds 39,400 61,338
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Miss Ly Kiu Tang
Director
Approved by the board on 24 December 2024
Kingdu Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods which is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Improvements 25% reducing balance
Plant and machinery 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 16 13
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 81,851 133,896 24,290 240,037
Additions - 5,722 - 5,722
At 31 March 2024 81,851 139,618 24,290 245,759
Depreciation
At 1 April 2023 72,820 91,645 6,073 170,538
Charge for the year 2,258 9,595 4,554 16,407
At 31 March 2024 75,078 101,240 10,627 186,945
Net book value
At 31 March 2024 6,773 38,378 13,663 58,814
At 31 March 2023 9,031 42,251 18,217 69,499
4 Debtors 2024 2023
£ £
Other debtors 70,785 21,139
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,210 6,210
Trade creditors 968 3,293
Taxation and social security costs 14,315 13,037
Other creditors 171,474 178,595
192,967 201,135
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 29,686 34,925
7 Other information
Kingdu Limited is a private company limited by shares and incorporated in England. Its registered office is:
1st Floor, 267 High Road
Leyton
London
E10 5QN
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