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REGISTERED NUMBER: 04563382 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Kingsley Roofing (Southern) Ltd

Kingsley Roofing (Southern) Ltd (Registered number: 04563382)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kingsley Roofing (Southern) Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: J K Taylor
J C Fortescue
J S Hollands





SECRETARY: J K Taylor





REGISTERED OFFICE: 15 Sea Lane
Ferring
West Sussex
BN12 5DP





REGISTERED NUMBER: 04563382 (England and Wales)





ACCOUNTANTS: Reeves Wilkinson Limited trading as Botting & Co
Chartered Certified Accountants
41b Beach Road
Littlehampton
West Sussex
BN17 5JA

Kingsley Roofing (Southern) Ltd (Registered number: 04563382)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 6 6
Tangible assets 5 274,706 212,783
Investments 6 900 900
275,612 213,689

CURRENT ASSETS
Stocks - 66,282
Debtors 7 3,710,937 1,353,031
Cash at bank 168,430 53,624
3,879,367 1,472,937
CREDITORS
Amounts falling due within one year 8 (3,562,924 ) (1,165,796 )
NET CURRENT ASSETS 316,443 307,141
TOTAL ASSETS LESS CURRENT
LIABILITIES

592,055

520,830

CREDITORS
Amounts falling due after more than one
year

9

(57,482

)

(14,049

)

PROVISIONS FOR LIABILITIES (48,905 ) (28,875 )
NET ASSETS 485,668 477,906

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 484,668 476,906
SHAREHOLDERS' FUNDS 485,668 477,906

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

Kingsley Roofing (Southern) Ltd (Registered number: 04563382)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2024 and were signed on its behalf by:





J K Taylor - Director


Kingsley Roofing (Southern) Ltd (Registered number: 04563382)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Kingsley Roofing (Southern) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 23 (2023 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 6
NET BOOK VALUE
At 30 June 2024 6
At 30 June 2023 6

Kingsley Roofing (Southern) Ltd (Registered number: 04563382)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 8,364 236,697 16,177 261,238
Additions - 143,076 5,586 148,662
Disposals - (20,289 ) - (20,289 )
At 30 June 2024 8,364 359,484 21,763 389,611
DEPRECIATION
At 1 July 2023 1,276 43,449 3,730 48,455
Charge for year 2,091 60,552 6,850 69,493
Eliminated on disposal - (3,043 ) - (3,043 )
At 30 June 2024 3,367 100,958 10,580 114,905
NET BOOK VALUE
At 30 June 2024 4,997 258,526 11,183 274,706
At 30 June 2023 7,088 193,248 12,447 212,783

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 900
NET BOOK VALUE
At 30 June 2024 900
At 30 June 2023 900

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 2,277,378 1,077,767
Other debtors 1,433,559 275,264
3,710,937 1,353,031

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 95,103 17,117
Hire purchase contracts 40,375 8,028
Trade creditors 1,663,799 568,556
Taxation and social security 364,383 115,204
Other creditors 1,399,264 456,891
3,562,924 1,165,796

Kingsley Roofing (Southern) Ltd (Registered number: 04563382)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 57,482 14,049