1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 11,987 11,675 78 11,753 234 312 xbrli:pure xbrli:shares iso4217:GBP 06822753 2023-05-01 2024-04-30 06822753 2024-04-30 06822753 2023-04-30 06822753 2022-05-01 2023-04-30 06822753 2023-04-30 06822753 2022-04-30 06822753 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 06822753 bus:Director1 2023-05-01 2024-04-30 06822753 bus:Director2 2023-05-01 2024-04-30 06822753 core:WithinOneYear 2024-04-30 06822753 core:WithinOneYear 2023-04-30 06822753 core:ShareCapital 2024-04-30 06822753 core:ShareCapital 2023-04-30 06822753 core:CapitalRedemptionReserve 2024-04-30 06822753 core:CapitalRedemptionReserve 2023-04-30 06822753 core:RetainedEarningsAccumulatedLosses 2024-04-30 06822753 core:RetainedEarningsAccumulatedLosses 2023-04-30 06822753 bus:SmallEntities 2023-05-01 2024-04-30 06822753 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 06822753 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06822753 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06822753 bus:FullAccounts 2023-05-01 2024-04-30 06822753 bus:OrdinaryShareClass1 2024-04-30 06822753 bus:OrdinaryShareClass1 2023-04-30 06822753 core:PlantMachinery 2023-05-01 2024-04-30 06822753 core:PlantMachinery 2024-04-30 06822753 core:PlantMachinery 2023-04-30
COMPANY REGISTRATION NUMBER: 06822753
Kingfisher Gaskets Ltd
Filleted Unaudited Financial Statements
30 April 2024
Kingfisher Gaskets Ltd
Financial Statements
Year ended 30 April 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Kingfisher Gaskets Ltd
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
234
312
Current assets
Stocks
11,930
8,567
Debtors
6
27,364
42,397
Cash at bank and in hand
65,190
81,457
---------
---------
104,484
132,421
Creditors: amounts falling due within one year
7
18,905
25,109
---------
---------
Net current assets
85,579
107,312
--------
---------
Total assets less current liabilities
85,813
107,624
Provisions
Taxation including deferred tax
44
59
--------
---------
Net assets
85,769
107,565
--------
---------
Kingfisher Gaskets Ltd
Statement of Financial Position (continued)
30 April 2024
2024
2023
Note
£
£
£
Capital and reserves
Called up share capital
8
740
740
Capital redemption reserve
260
260
Profit and loss account
84,769
106,565
--------
---------
Shareholders funds
85,769
107,565
--------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 21 January 2025 , and are signed on behalf of the board by:
M S Lewis K W R Spooner
Director Director
Company registration number: 06822753
Kingfisher Gaskets Ltd
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1, Woden Court, Saxon Business Park, Bromsgrove, Worcs, B60 4AD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when goods are physically delivered to the customer.
Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and Machinery
-
25% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, either as financial assets, financial liabilities or equity interests. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and Machinery
Total
£
£
Cost
At 1 May 2023 and 30 April 2024
11,987
11,987
--------
--------
Depreciation
At 1 May 2023
11,675
11,675
Charge for the year
78
78
--------
--------
At 30 April 2024
11,753
11,753
--------
--------
Carrying amount
At 30 April 2024
234
234
--------
--------
At 30 April 2023
312
312
--------
--------
6. Debtors
2024
2023
£
£
Trade debtors
26,942
41,990
Other debtors
422
407
--------
--------
27,364
42,397
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
14,412
18,106
Social security and other taxes
2,604
5,114
Other creditors
1,889
1,889
--------
--------
18,905
25,109
--------
--------
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
740
740
740
740
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----
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