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REGISTERED NUMBER: 10640887 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

K. B. COINS LTD

K. B. COINS LTD (REGISTERED NUMBER: 10640887)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K. B. COINS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: K Bayford
D Bayford
Mrs S D Bayford





REGISTERED OFFICE: South Stour Offices
South Stour Road
Mersham
Ashford
Kent
TN25 7HS





BUSINESS ADDRESS: 50 Lingfield Road
Stevenage
Hertfordshire
SG1 5SL





REGISTERED NUMBER: 10640887 (England and Wales)





ACCOUNTANTS: Cassidys Chartered Accountants
South Stour Offices
South Stour Road
Mersham
Ashford
Kent
TN25 7HS

K. B. COINS LTD (REGISTERED NUMBER: 10640887)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,582 3,606

CURRENT ASSETS
Stocks 719,250 695,450
Debtors 5 254 7,795
Cash at bank 893,906 961,724
1,613,410 1,664,969
CREDITORS
Amounts falling due within one year 6 367,140 490,439
NET CURRENT ASSETS 1,246,270 1,174,530
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,252,852

1,178,136

PROVISIONS FOR LIABILITIES 7 1,426 499
NET ASSETS 1,251,426 1,177,637

CAPITAL AND RESERVES
Called up share capital 400,000 400,000
Retained earnings 851,426 777,637
SHAREHOLDERS' FUNDS 1,251,426 1,177,637

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

K. B. COINS LTD (REGISTERED NUMBER: 10640887)

BALANCE SHEET - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:





K Bayford - Director


K. B. COINS LTD (REGISTERED NUMBER: 10640887)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

K. B. Coins Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 etc - 15% on reducing balance

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 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.

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.

K. B. COINS LTD (REGISTERED NUMBER: 10640887)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 7,196
Additions 4,138
At 31 May 2024 11,334
DEPRECIATION
At 1 June 2023 3,590
Charge for year 1,162
At 31 May 2024 4,752
NET BOOK VALUE
At 31 May 2024 6,582
At 31 May 2023 3,606

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 254 7,795

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 76,365 68,580
Other creditors 290,775 421,859
367,140 490,439

7. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 1,426 499

K. B. COINS LTD (REGISTERED NUMBER: 10640887)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2023 499
Provided during year 927
Balance at 31 May 2024 1,426

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £98,000 (2023 - £99,050) were paid to the directors .

Mr K & Mrs S Bayford and Mr D Bayford - Directors and Shareholders

At the balance sheet date, K. B. Coins Ltd owed the directors £288,547 (2023 - £420,142.)