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REGISTERED NUMBER: 09585650 (England and Wales)















Financial Statements for the Year Ended 29 June 2024

for

Kingston Retail Ltd

Kingston Retail Ltd (Registered number: 09585650)






Contents of the Financial Statements
for the Year Ended 29 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kingston Retail Ltd

Company Information
for the Year Ended 29 June 2024







DIRECTORS: Khalis Trading Limited
Mr K T Sanerivi





REGISTERED OFFICE: 46 Houghton Place
Bradfod
West Yorkshire





REGISTERED NUMBER: 09585650 (England and Wales)





ACCOUNTANTS: Abraham Accountants
Sher House
46 Houghton Place
Bradford
West Yorkshire
BD1 3RG

Kingston Retail Ltd (Registered number: 09585650)

Balance Sheet
29 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,265 90,640
Investments 5 205,000 205,000
291,265 295,640

CURRENT ASSETS
Stocks 1,330 3,670
Debtors 6 73,257 3,154
Cash at bank 90,739 141,237
165,326 148,061
CREDITORS
Amounts falling due within one year 7 193,631 182,501
NET CURRENT LIABILITIES (28,305 ) (34,440 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,960

261,200

PROVISIONS FOR LIABILITIES 16,089 16,709
NET ASSETS 246,871 244,491

Kingston Retail Ltd (Registered number: 09585650)

Balance Sheet - continued
29 June 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 246,771 244,391
SHAREHOLDERS' FUNDS 246,871 244,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

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 11 March 2025 and were signed on its behalf by:





Mr K T Sanerivi - Director


Kingston Retail Ltd (Registered number: 09585650)

Notes to the Financial Statements
for the Year Ended 29 June 2024

1. STATUTORY INFORMATION

Kingston Retail 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.

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.


Kingston Retail Ltd (Registered number: 09585650)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2023 - 10 ) .

Kingston Retail Ltd (Registered number: 09585650)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 June 2023 273,508
Additions 3,902
At 29 June 2024 277,410
DEPRECIATION
At 30 June 2023 182,868
Charge for year 8,277
At 29 June 2024 191,145
NET BOOK VALUE
At 29 June 2024 86,265
At 29 June 2023 90,640

5. FIXED ASSET INVESTMENTS
Loans to
associates
£   
At 30 June 2023
and 29 June 2024 205,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 73,257 3,154

Kingston Retail Ltd (Registered number: 09585650)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade creditors 37,022 93,503
Taxation and social security 8,926 10,965
Other creditors 147,683 78,033
193,631 182,501