34 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 65,250 65,250 xbrli:pure xbrli:shares iso4217:GBP 07750424 2023-10-01 2024-09-30 07750424 2024-09-30 07750424 2023-09-30 07750424 2022-10-01 2023-09-30 07750424 2023-09-30 07750424 2022-09-30 07750424 core:NetGoodwill 2023-10-01 2024-09-30 07750424 bus:RegisteredOffice 2023-10-01 2024-09-30 07750424 bus:LeadAgentIfApplicable 2023-10-01 2024-09-30 07750424 bus:Director1 2023-10-01 2024-09-30 07750424 bus:Director2 2023-10-01 2024-09-30 07750424 core:NetGoodwill 2024-09-30 07750424 core:LandBuildings core:ShortLeaseholdAssets 2023-09-30 07750424 core:PlantMachinery 2023-09-30 07750424 core:FurnitureFittings 2023-09-30 07750424 core:MotorVehicles 2023-09-30 07750424 core:LandBuildings core:ShortLeaseholdAssets 2024-09-30 07750424 core:PlantMachinery 2024-09-30 07750424 core:FurnitureFittings 2024-09-30 07750424 core:MotorVehicles 2024-09-30 07750424 core:LandBuildings core:ShortLeaseholdAssets 2023-10-01 2024-09-30 07750424 core:PlantMachinery 2023-10-01 2024-09-30 07750424 core:FurnitureFittings 2023-10-01 2024-09-30 07750424 core:MotorVehicles 2023-10-01 2024-09-30 07750424 core:WithinOneYear 2024-09-30 07750424 core:WithinOneYear 2023-09-30 07750424 core:ShareCapital 2024-09-30 07750424 core:ShareCapital 2023-09-30 07750424 core:RetainedEarningsAccumulatedLosses 2024-09-30 07750424 core:RetainedEarningsAccumulatedLosses 2023-09-30 07750424 core:AcceleratedTaxDepreciationDeferredTax 2024-09-30 07750424 core:AcceleratedTaxDepreciationDeferredTax 2023-09-30 07750424 core:LandBuildings core:ShortLeaseholdAssets 2023-09-30 07750424 core:PlantMachinery 2023-09-30 07750424 core:FurnitureFittings 2023-09-30 07750424 core:MotorVehicles 2023-09-30 07750424 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-09-30 07750424 core:LeasedAssetsHeldAsLessee 2023-09-30 07750424 bus:Director1 2023-09-30 07750424 bus:Director1 2024-09-30 07750424 bus:Director1 2022-09-30 07750424 bus:Director1 2023-09-30 07750424 bus:Director1 2022-10-01 2023-09-30 07750424 bus:SmallEntities 2023-10-01 2024-09-30 07750424 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 07750424 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07750424 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07750424 bus:FullAccounts 2023-10-01 2024-09-30 07750424 core:FairValueMovementsOnFinancialInstrumentsDeferredTax 2023-09-30 07750424 core:MotorCars 2023-09-30 07750424 core:MotorCars 2024-09-30 07750424 core:MotorVehicles core:AssetsHeldForUseUnderLeasesLessor 2023-09-30 07750424 1 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 07750424
Robinsons Kimbolton Limited
Filleted Unaudited Financial Statements
For the year ended
30 September 2024
Robinsons Kimbolton Limited
Financial Statements
Year ended 30 September 2024
Contents
Pages
Officers and professional advisers
1
Statement of financial position
2 to 3
Notes to the financial statements
4 to 8
Robinsons Kimbolton Limited
Officers and Professional Advisers
THE BOARD OF DIRECTORS
C J Robinson
A L Robinson
REGISTERED OFFICE
19 Thrapston Road
Kimbolton
Huntingdon
Cambridgeshire
PE28 0HW
ACCOUNTANTS
Streets
Chartered Accountants
Potton House
Wyboston Lakes
Great North Road
Wyboston
Bedford
MK44 3BZ
BANKERS
Barclays
Leicester
LE87 2BB
Robinsons Kimbolton Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
6
362,284
329,085
Current assets
Stocks
81,580
85,817
Debtors
7
154,875
167,506
Cash at bank and in hand
563,602
435,969
---------
---------
800,057
689,292
Creditors: amounts falling due within one year
8
313,931
353,744
---------
---------
Net current assets
486,126
335,548
---------
---------
Total assets less current liabilities
848,410
664,633
Provisions
Deferred taxation
84,222
78,308
---------
---------
Net assets
764,188
586,325
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
764,088
586,225
---------
---------
Shareholders funds
764,188
586,325
---------
---------
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 September 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 .
Robinsons Kimbolton Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 26 February 2025 , and are signed on behalf of the board by:
C J Robinson
Director
Company registration number: 07750424
Robinsons Kimbolton Limited
Notes to the Financial Statements
Year ended 30 September 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 19 Thrapston Road, Kimbolton, Huntingdon, Cambridgeshire, PE28 0HW.
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 and are prepared in sterling, which is the functional currency of the entity .
Operating leases
Operating lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Pension costs
The company makes pension contributions for the benefit of the director and employees. The pension cost represents contributions payable in the year.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and of value added tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on 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.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life.
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 of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property
-
5%, 10% and 20% straight line per annum
Plant and machinery
-
10% and 20% reducing balance per annum
Fixtures and fittings
-
10%, 20%, 25% and 33.33% straight line per annum
Motor vehicles
-
25% reducing balance per annum
Coaches
-
25% reducing balance per annum
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under hire purchase contracts and finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum payments due, which is determined at inception. Hire purchase and lease payments are apportioned between the finance charges and reduction of the outstanding liability using the sum of the digits method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 34 (2023: 41 ).
5. Intangible assets
Goodwill
£
Cost
At 1 October 2023 and 30 September 2024
65,250
--------
Amortisation
At 1 October 2023 and 30 September 2024
65,250
--------
Carrying amount
At 30 September 2024
--------
At 30 September 2023
--------
6. Tangible assets
Short leasehold property
Plant and machinery
Fixtures and fittings
Motor vehicles
Coaches
Total
£
£
£
£
£
£
Cost
At 1 Oct 2023
155,916
81,899
348,540
9,123
869,303
1,464,781
Additions
10,964
9,639
115,000
135,603
Disposals
( 1,823)
( 1,823)
---------
--------
---------
--------
---------
------------
At 30 Sep 2024
155,916
81,899
359,504
16,939
984,303
1,598,561
---------
--------
---------
--------
---------
------------
Depreciation
At 1 Oct 2023
77,974
73,263
318,835
4,309
661,315
1,135,696
Charge for the year
8,121
3,185
24,172
1,852
64,987
102,317
Disposals
( 1,736)
( 1,736)
---------
--------
---------
--------
---------
------------
At 30 Sep 2024
86,095
76,448
343,007
4,425
726,302
1,236,277
---------
--------
---------
--------
---------
------------
Carrying amount
At 30 Sep 2024
69,821
5,451
16,497
12,514
258,001
362,284
---------
--------
---------
--------
---------
------------
At 30 Sep 2023
77,942
8,636
29,705
4,814
207,988
329,085
---------
--------
---------
--------
---------
------------
Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Plant and machinery
Coaches
Total
£
£
£
At 30 September 2024
----
----
----
At 30 September 2023
3,733
103,185
106,918
-------
---------
---------
7. Debtors
2024
2023
£
£
Trade debtors
103,879
115,882
Other debtors
50,996
51,624
---------
---------
154,875
167,506
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
186,731
208,689
Social security and other taxes
118,550
70,649
Other creditors
8,650
74,406
---------
---------
313,931
353,744
---------
---------
Included within other creditors are hire purchase liabilities of £Nil (2023 £31,194) which are secured on the assets concerned .
9. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions
84,222
78,308
--------
--------
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Accelerated capital allowances
84,222
77,500
Fair value adjustment of financial assets
808
--------
--------
84,222
78,308
--------
--------
10. Events after the end of the reporting period
On 29 January 2025 the company purchased a coach for £185,000, which will be included as a fixed asset addition in the 2025 reporting period.
11. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
C J Robinson
11,493
190,085
( 197,515)
4,063
--------
---------
---------
-------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
C J Robinson
6,699
166,244
( 161,450)
11,493
-------
---------
---------
--------
During the year, interest of £207 (2023 £113) was charged on the overdrawn director's loan account.