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REGISTERED NUMBER: 03433231 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Kingsley Roofing (London) Limited

Kingsley Roofing (London) Limited (Registered number: 03433231)






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 (London) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: J K Taylor
J C Fortescue
J S Hollands





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





REGISTERED NUMBER: 03433231 (England and Wales)





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

Kingsley Roofing (London) Limited (Registered number: 03433231)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 150,495 245,695

CURRENT ASSETS
Stocks 926,400 492,375
Debtors 5 2,290,233 2,087,727
Cash at bank and in hand 16,058 19,042
3,232,691 2,599,144
CREDITORS
Amounts falling due within one year 6 (2,824,333 ) (2,208,751 )
NET CURRENT ASSETS 408,358 390,393
TOTAL ASSETS LESS CURRENT
LIABILITIES

558,853

636,088

CREDITORS
Amounts falling due after more than one
year

7

(62,709

)

(138,152

)

PROVISIONS FOR LIABILITIES (33,092 ) (52,019 )
NET ASSETS 463,052 445,917

CAPITAL AND RESERVES
Called up share capital 60,502 60,502
Capital redemption reserve 500 500
Retained earnings 402,050 384,915
SHAREHOLDERS' FUNDS 463,052 445,917

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 (London) Limited (Registered number: 03433231)

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 November 2024 and were signed on its behalf by:





J K Taylor - Director


Kingsley Roofing (London) Limited (Registered number: 03433231)

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

1. STATUTORY INFORMATION

Kingsley Roofing (London) 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.
Short leasehold - in accordance with the property
Plant and machinery - 25% on cost and 10% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 23 (2023 - 30 ) .

Kingsley Roofing (London) Limited (Registered number: 03433231)

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

4. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 July 2023 179,028 156,193 312,278 647,499
Additions - 2,626 - 2,626
Disposals - - (33,231 ) (33,231 )
At 30 June 2024 179,028 158,819 279,047 616,894
DEPRECIATION
At 1 July 2023 129,832 96,022 175,950 401,804
Charge for year 31,071 19,016 45,353 95,440
Eliminated on disposal - - (30,845 ) (30,845 )
At 30 June 2024 160,903 115,038 190,458 466,399
NET BOOK VALUE
At 30 June 2024 18,125 43,781 88,589 150,495
At 30 June 2023 49,196 60,171 136,328 245,695

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 2,244,052 1,976,798
Other debtors 46,181 110,929
2,290,233 2,087,727

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 150,155 60,671
Hire purchase contracts 25,443 36,877
Trade creditors 1,054,587 798,091
Taxation and social security 150,511 34,956
Other creditors 1,443,637 1,278,156
2,824,333 2,208,751

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 45,834 95,834
Hire purchase contracts 16,875 42,318
62,709 138,152

Kingsley Roofing (London) Limited (Registered number: 03433231)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Hire purchase contracts 42,318 79,195

9. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had total guarantees and annual commitments of £60,000 (2023: £60,000).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
J S Hollands
Balance outstanding at start of year - -
Amounts advanced 43,262 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,262 -