Kingfisher Trading Company Limited |
Registered Number:01892474 |
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
Kingfisher Trading Company Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
5,349,094
5,351,998
2
101
101
3
5,349,195
5,352,099
1,200
1,200
4
Trade and other receivables |
436,298
475,372
5
14,229
Cash and cash equivalents |
10,276
486,848
451,727
Trade and other payables: amounts falling due within one |
year |
(9,050)
(5,643)
6
442,677
481,205
Net current assets
Total assets less current liabilities |
5,830,400
5,794,776
Trade and other payables: amounts falling due after more |
than one year |
(1,981,658)
(2,074,410)
7
(678,550)
(678,550)
Provisions for liabilities |
3,077,440
Net assets
3,134,568
2
2
2,240,911
2,240,911
8
836,527
893,655
3,077,440
3,134,568
Shareholders' funds
For the year ended 31 May 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 May 2024
Kingfisher Trading Company Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 26 February 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 May 2024
Kingfisher Trading Company Limited
Notes to the Financial Statements
Statutory Information
Kingfisher Trading Company Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 01892474. |
33 Tapley Road
Chelmsford
Essex
CM1 4XY
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Office equipment
Fixtures and fittings
The company''s freehold properties are revalued in full every five years. Interim valuations are carried out when it is |
likely that there has been a material change in value. |
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
would be immaterial. The directors undertake an annual impairment review of these properties. |
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified. |
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 31 May 2024
Kingfisher Trading Company Limited
Notes to the Financial Statements Continued
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result. |
2. Property, plant and equipment |
5,396,588
6,613
28,604
31,371
5,330,000
537
-
-
537
-
31,908
28,604
6,613
5,397,125
5,330,000
Provision for depreciation and impairment |
44,590
5,990
18,154
20,446
-
Charge for year
3,441
156
1,565
1,720
-
48,031
6,146
19,719
22,166
-
5,330,000
9,742
8,885
467
5,349,094
5,330,000
10,925
10,450
623
5,351,998
In respect of certain fixed assets stated at valuations, the comparable historical cost and depreciation values are as |
follows: |
2,546,955
2,546,955
Net historical cost value: |
2,546,955
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For the year ended 31 May 2024
Kingfisher Trading Company Limited
Notes to the Financial Statements Continued
3. Investments held as fixed assets |
Shares in group and participating interests |
398
398
398
398
Provision for amortisation and impairment |
297
297
297
297
101
101
101
101
The unlisted investment relates to property held for long term development.
2023
2024
1,200
1,200
5. Trade and other receivables |
2023
2024
Amounts owed by group undertakings and participating interests |
218,803
143,525
Prepayments and accrued income |
-
1,246
256,569
291,527
436,298
475,372
6. Trade and other payables: amounts falling due within one year |
2023
2024
Taxation and social security |
5,643
9,050
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For the year ended 31 May 2024
Kingfisher Trading Company Limited
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due after more than one year |
2023
2024
34,893
40,402
Bank loans and overdraft (secured) |
2,039,517
1,941,256
2,074,410
1,981,658
Revaluation reserve at 01 June 2023 |
2,240,911
2,240,911
Revaluation reserve at 31 May 2024 |
9. Related party transactions |
The company is controlled by the Director Antony Everitt who holds 100% of the voting rights of the company. |
During the year the company granted long leasehold interests to certain properties held by the company to a group |
undertaking Romford & Ongar Invesments Ltd. |
10. Directors advances and guarantees |
Loaned
Repaid
Antony Everitt
Director Interest free loan advance |
256,013
290,971
256,013
290,971
256,013
290,971
256,013
290,971
11. Average number of persons employed |
During the year the average number of employees was 1 (2023 : 1)
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