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REGISTERED NUMBER: 05108766 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Kingsley Roofing (Midlands) Limited

Kingsley Roofing (Midlands) Limited (Registered number: 05108766)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kingsley Roofing (Midlands) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: J K Taylor
A Pawley
M Proudman
Mrs H L Taylor
R A Kinloch
M Pallas





SECRETARY: J K Taylor





REGISTERED OFFICE: 15 Sea Lane
Ferring
West Sussex
BN12 5DP





REGISTERED NUMBER: 05108766 (England and Wales)





ACCOUNTANTS: Reeves Wilkinson Limited trading as Botting & Co
Chartered Certified Accountants
41b Beach Road
Littlehampton
West Sussex
BN17 5JA

Kingsley Roofing (Midlands) Limited (Registered number: 05108766)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 102,908 119,181

CURRENT ASSETS
Stocks 9,427 30,363
Debtors 5 1,780,183 1,950,914
Cash at bank 70,893 124,965
1,860,503 2,106,242
CREDITORS
Amounts falling due within one year 6 (1,595,660 ) (1,852,289 )
NET CURRENT ASSETS 264,843 253,953
TOTAL ASSETS LESS CURRENT
LIABILITIES

367,751

373,134

PROVISIONS FOR LIABILITIES (25,727 ) (29,795 )
NET ASSETS 342,024 343,339

CAPITAL AND RESERVES
Called up share capital 107 107
Retained earnings 341,917 343,232
SHAREHOLDERS' FUNDS 342,024 343,339

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Kingsley Roofing (Midlands) Limited (Registered number: 05108766)

Balance Sheet - continued
30 June 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2024 and were signed on its behalf by:





J K Taylor - Director


Kingsley Roofing (Midlands) Limited (Registered number: 05108766)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Kingsley Roofing (Midlands) 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 20% 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.

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 16 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023 14,882 56,458 122,484 193,824
Additions - 2,660 26,487 29,147
At 30 June 2024 14,882 59,118 148,971 222,971
DEPRECIATION
At 1 July 2023 774 29,060 44,809 74,643
Charge for year 2,976 15,299 27,145 45,420
At 30 June 2024 3,750 44,359 71,954 120,063
NET BOOK VALUE
At 30 June 2024 11,132 14,759 77,017 102,908
At 30 June 2023 14,108 27,398 77,675 119,181

Kingsley Roofing (Midlands) Limited (Registered number: 05108766)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 1,608,175 1,809,420
Other debtors 172,008 141,494
1,780,183 1,950,914

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 667,527 1,055,448
Taxation and social security 471,068 264,469
Other creditors 457,065 532,372
1,595,660 1,852,289

7. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had guarantees and other annual financial commitments at the year end of £36,000 (2023: £24,000).