IRIS Accounts Production v24.3.2.46 01361767 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh013617672023-09-30013617672024-09-30013617672023-10-012024-09-30013617672022-09-30013617672022-10-012023-09-30013617672023-09-3001361767ns15:EnglandWales2023-10-012024-09-3001361767ns14:PoundSterling2023-10-012024-09-3001361767ns10:Director12023-10-012024-09-3001361767ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3001361767ns10:SmallEntities2023-10-012024-09-3001361767ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3001361767ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3001361767ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3001361767ns10:FullAccounts2023-10-012024-09-3001361767ns10:Director22023-10-012024-09-3001361767ns10:Director32023-10-012024-09-3001361767ns10:RegisteredOffice2023-10-012024-09-3001361767ns5:CurrentFinancialInstruments2024-09-3001361767ns5:CurrentFinancialInstruments2023-09-3001361767ns5:ShareCapital2024-09-3001361767ns5:ShareCapital2023-09-3001361767ns5:RetainedEarningsAccumulatedLosses2024-09-3001361767ns5:RetainedEarningsAccumulatedLosses2023-09-3001361767ns5:PlantMachinery2023-10-012024-09-3001361767ns5:FurnitureFittings2023-10-012024-09-3001361767ns5:MotorVehicles2023-10-012024-09-3001361767ns5:ComputerEquipment2023-10-012024-09-3001361767ns5:PlantMachinery2023-09-3001361767ns5:FurnitureFittings2023-09-3001361767ns5:MotorVehicles2023-09-3001361767ns5:ComputerEquipment2023-09-3001361767ns5:PlantMachinery2024-09-3001361767ns5:FurnitureFittings2024-09-3001361767ns5:MotorVehicles2024-09-3001361767ns5:ComputerEquipment2024-09-3001361767ns5:PlantMachinery2023-09-3001361767ns5:FurnitureFittings2023-09-3001361767ns5:MotorVehicles2023-09-3001361767ns5:ComputerEquipment2023-09-3001361767ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3001361767ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3001361767ns5:WithinOneYear2024-09-3001361767ns5:WithinOneYear2023-09-3001361767ns5:BetweenOneFiveYears2024-09-3001361767ns5:BetweenOneFiveYears2023-09-3001361767ns5:AllPeriods2024-09-3001361767ns5:AllPeriods2023-09-3001361767ns5:DeferredTaxation2023-10-012024-09-3001361767ns5:DeferredTaxation2024-09-30
REGISTERED NUMBER: 01361767 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

W J KINGHAM (MOTORS) LIMITED

W J KINGHAM (MOTORS) LIMITED (REGISTERED NUMBER: 01361767)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


W J KINGHAM (MOTORS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: J R N Stone
D F Stone
J W N Stone





REGISTERED OFFICE: Roding Garage
624-630 Chigwell Road
Woodford Bridge
Essex
IG8 8AF





REGISTERED NUMBER: 01361767 (England and Wales)





ACCOUNTANTS: THP Limited
Chartered Accountants
34-40 High Street
Wanstead
London
E11 2RJ

W J KINGHAM (MOTORS) LIMITED (REGISTERED NUMBER: 01361767)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,615 39,882

CURRENT ASSETS
Stocks 10,000 16,000
Debtors 5 71,485 78,368
Cash at bank and in hand 485,775 472,971
567,260 567,339
CREDITORS
Amounts falling due within one year 6 152,770 141,330
NET CURRENT ASSETS 414,490 426,009
TOTAL ASSETS LESS CURRENT
LIABILITIES

480,105

465,891

PROVISIONS FOR LIABILITIES 8 1,368 -
NET ASSETS 478,737 465,891

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings 478,725 465,879
SHAREHOLDERS' FUNDS 478,737 465,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 20 March 2025 and were signed on its behalf by:





D F Stone - Director


W J KINGHAM (MOTORS) LIMITED (REGISTERED NUMBER: 01361767)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

W J Kingham (Motors) Limited 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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods and services supplied, net of returns, discounts and value added taxes.

Revenue is recognised in the accounting period in which the services were rendered.

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 - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stock is stated at the lower of cost and selling price less costs to complete and sell, after making due
allowance for obsolete and slow moving items. Stocks are recognised as an expense in the period in which the related revenue is recognised.

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.

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 16 (2023 - 17 ) .

W J KINGHAM (MOTORS) LIMITED (REGISTERED NUMBER: 01361767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 166,665 19,613 70,568 18,076 274,922
Additions 495 - 36,779 1,049 38,323
Disposals - - (28,801 ) - (28,801 )
At 30 September 2024 167,160 19,613 78,546 19,125 284,444
DEPRECIATION
At 1 October 2023 144,593 18,022 55,532 16,893 235,040
Charge for year 3,387 159 3,864 847 8,257
Eliminated on disposal - - (24,468 ) - (24,468 )
At 30 September 2024 147,980 18,181 34,928 17,740 218,829
NET BOOK VALUE
At 30 September 2024 19,180 1,432 43,618 1,385 65,615
At 30 September 2023 22,072 1,591 15,036 1,183 39,882

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 40,165 56,555
Other debtors 15,873 7,632
Directors' current accounts - 38
Prepayments and accrued income 15,447 14,143
71,485 78,368

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 50,910 54,419
Corporation tax 25,884 47,859
Social security and other taxes 16,938 7,019
VAT 40,550 20,188
Other creditors 2,290 1,765
Directors' current accounts 4,030 -
Accrued expenses 12,168 10,080
152,770 141,330

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 2,461 -
Between one and five years 5,063 -
7,524 -

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 1,368 -

W J KINGHAM (MOTORS) LIMITED (REGISTERED NUMBER: 01361767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Charge to Income Statement during year 1,368
Balance at 30 September 2024 1,368

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £85,000 were paid to the directors .

Freehold of the property on which WJ Kingham (Motors) Limited operates is owned jointly by the two directors' of the company Mr JRN Stone and Mrs DF Stone. No consideration is paid by WJ Kingham (Motors) Limited for the rent of the premises, however, they do maintain the property.

The market valuation of the rent charge was estimated at £70,000 per annum (in 2020), when the property was last valued.