Silverfin false false 31/05/2024 01/06/2023 31/05/2024 Neil Gary Tidmarsh 01/06/2017 Sarah Jane Tidmarsh 01/06/2017 John Edward Wyatt 02/05/2008 Sarah Jane Tidmarsh 23 January 2025 The principal activity of the company in the year under review was that of supply of bathroom, plumbing and heating products. 06583420 2024-05-31 06583420 bus:Director1 2024-05-31 06583420 bus:Director2 2024-05-31 06583420 bus:Director3 2024-05-31 06583420 2023-05-31 06583420 core:CurrentFinancialInstruments 2024-05-31 06583420 core:CurrentFinancialInstruments 2023-05-31 06583420 core:ShareCapital 2024-05-31 06583420 core:ShareCapital 2023-05-31 06583420 core:RetainedEarningsAccumulatedLosses 2024-05-31 06583420 core:RetainedEarningsAccumulatedLosses 2023-05-31 06583420 core:LeaseholdImprovements 2023-05-31 06583420 core:PlantMachinery 2023-05-31 06583420 core:Vehicles 2023-05-31 06583420 core:FurnitureFittings 2023-05-31 06583420 core:ComputerEquipment 2023-05-31 06583420 core:LeaseholdImprovements 2024-05-31 06583420 core:PlantMachinery 2024-05-31 06583420 core:Vehicles 2024-05-31 06583420 core:FurnitureFittings 2024-05-31 06583420 core:ComputerEquipment 2024-05-31 06583420 1 2024-05-31 06583420 1 2023-05-31 06583420 bus:OrdinaryShareClass1 2024-05-31 06583420 2023-06-01 2024-05-31 06583420 bus:FilletedAccounts 2023-06-01 2024-05-31 06583420 bus:SmallEntities 2023-06-01 2024-05-31 06583420 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 06583420 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06583420 bus:Director1 2023-06-01 2024-05-31 06583420 bus:Director2 2023-06-01 2024-05-31 06583420 bus:Director3 2023-06-01 2024-05-31 06583420 bus:CompanySecretary1 2023-06-01 2024-05-31 06583420 core:LeaseholdImprovements core:TopRangeValue 2023-06-01 2024-05-31 06583420 core:PlantMachinery 2023-06-01 2024-05-31 06583420 core:Vehicles 2023-06-01 2024-05-31 06583420 core:FurnitureFittings 2023-06-01 2024-05-31 06583420 core:ComputerEquipment 2023-06-01 2024-05-31 06583420 2022-06-01 2023-05-31 06583420 core:LeaseholdImprovements 2023-06-01 2024-05-31 06583420 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 06583420 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06583420 (England and Wales)

KINGSLEY BATHROOM PLUMBING & HEATING CENTRE LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH THE REGISTRAR

KINGSLEY BATHROOM PLUMBING & HEATING CENTRE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024

Contents

KINGSLEY BATHROOM PLUMBING & HEATING CENTRE LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
KINGSLEY BATHROOM PLUMBING & HEATING CENTRE LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
DIRECTORS Neil Gary Tidmarsh
Sarah Jane Tidmarsh
John Edward Wyatt
SECRETARY Sarah Jane Tidmarsh
REGISTERED OFFICE Unit 4 Wd Box Hub Deer Park Road
Moulton Park
Northampton
NN3 6RZ
United Kingdom
COMPANY NUMBER 06583420 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Eagle House
28 Billing Road
Northampton
NN1 5AJ
KINGSLEY BATHROOM PLUMBING & HEATING CENTRE LIMITED

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2024
KINGSLEY BATHROOM PLUMBING & HEATING CENTRE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

AS AT 31 MAY 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 159,028 186,047
159,028 186,047
Current assets
Stocks 872,812 904,468
Debtors 5 1,442,799 1,590,305
Investments 6 2,150 2,150
Cash at bank and in hand 124,461 137,600
2,442,222 2,634,523
Creditors: amounts falling due within one year 7 ( 949,938) ( 960,691)
Net current assets 1,492,284 1,673,832
Total assets less current liabilities 1,651,312 1,859,879
Provision for liabilities ( 39,757) ( 45,138)
Net assets 1,611,555 1,814,741
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 1,611,455 1,814,641
Total shareholder's funds 1,611,555 1,814,741

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Kingsley Bathroom Plumbing & Heating Centre Limited (registered number: 06583420) were approved and authorised for issue by the Board of Directors on 23 January 2025. They were signed on its behalf by:

John Edward Wyatt
Director
KINGSLEY BATHROOM PLUMBING & HEATING CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
KINGSLEY BATHROOM PLUMBING & HEATING CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Kingsley Bathroom Plumbing & Heating Centre Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 4 Wd Box Hub Deer Park Road, Moulton Park, Northampton, NN3 6RZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement 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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 20 years straight line
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 15 % reducing balance
Computer equipment 25 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Provisions

Provisions are recognised when the has a present obligation (legal or constructive) as a result of a past event, it is probable that the will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

2. Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies above.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 14 15

4. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £ £
Cost
At 01 June 2023 79,969 26,123 72,425 57,819 61,330 297,666
Additions 0 0 0 112 2,216 2,328
Disposals 0 ( 5,330) 0 0 0 ( 5,330)
At 31 May 2024 79,969 20,793 72,425 57,931 63,546 294,664
Accumulated depreciation
At 01 June 2023 4,791 15,403 48,669 22,601 20,155 111,619
Charge for the financial year 3,998 2,558 5,939 5,293 11,037 28,825
Disposals 0 ( 4,808) 0 0 0 ( 4,808)
At 31 May 2024 8,789 13,153 54,608 27,894 31,192 135,636
Net book value
At 31 May 2024 71,180 7,640 17,817 30,037 32,354 159,028
At 31 May 2023 75,178 10,720 23,756 35,218 41,175 186,047

5. Debtors

2024 2023
£ £
Trade debtors 465,465 414,434
Amounts owed by Group undertakings 966,101 1,141,878
Prepayments 5,397 4,295
Corporation tax 0 14,762
Other debtors 5,836 14,936
1,442,799 1,590,305

6. Current asset investments

2024 2023
£ £
Unlisted investment 2,150 2,150

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 327,492 358,229
Amounts owed to directors 558,453 492,953
Accruals 12,835 10,682
Corporation tax 10,443 20,763
Other taxation and social security 32,399 68,411
Other creditors 8,316 9,653
949,938 960,691

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Ultimate controlling party

Parent Company:

Kingsley BPHC Holdings Limited
Unit 4 Wd Box Hub
Deer Park Road
Moulton Park
Northamptonshire
England
NN3 6RZ