Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01Non-specialised wholesale tradefalse11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02716631 2023-07-01 2024-06-30 02716631 2022-07-01 2023-06-30 02716631 2024-06-30 02716631 2023-06-30 02716631 c:CompanySecretary1 2023-07-01 2024-06-30 02716631 c:Director1 2023-07-01 2024-06-30 02716631 c:Director2 2023-07-01 2024-06-30 02716631 c:RegisteredOffice 2023-07-01 2024-06-30 02716631 d:PlantMachinery 2023-07-01 2024-06-30 02716631 d:PlantMachinery 2024-06-30 02716631 d:PlantMachinery 2023-06-30 02716631 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02716631 d:CurrentFinancialInstruments 2024-06-30 02716631 d:CurrentFinancialInstruments 2023-06-30 02716631 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 02716631 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 02716631 d:ShareCapital 2024-06-30 02716631 d:ShareCapital 2023-06-30 02716631 d:RetainedEarningsAccumulatedLosses 2024-06-30 02716631 d:RetainedEarningsAccumulatedLosses 2023-06-30 02716631 c:FRS102 2023-07-01 2024-06-30 02716631 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02716631 c:FullAccounts 2023-07-01 2024-06-30 02716631 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02716631 d:WithinOneYear 2024-06-30 02716631 d:WithinOneYear 2023-06-30 02716631 d:BetweenOneFiveYears 2024-06-30 02716631 d:BetweenOneFiveYears 2023-06-30 iso4217:GBP xbrli:pure
Company registration number: 02716631







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024


KINGFISHER APPARELS LIMITED






































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KINGFISHER APPARELS LIMITED
 


 
COMPANY INFORMATION


Directors
Chintamani Vasant Garbhe 
Ravindra Narayan Punekar 




Company secretary
Ravindra Narayan Punekar



Registered number
02716631



Registered office
Unit 3 Robert Leonard Ind. Park
Aviation Way Southend Airport

Southend-On-Sea

Essex

SS2 6UN




Accountants
Menzies LLP
Chartered Accountants

95 Gresham Street

London

EC2V 7AB





 


KINGFISHER APPARELS LIMITED
REGISTERED NUMBER:02716631



STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
259
324

  
259
324

Current assets
  

Stocks
  
73,264
102,085

Debtors: amounts falling due within one year
 5 
69,707
38,834

Cash at bank and in hand
  
78
150

  
143,049
141,069

Creditors: amounts falling due within one year
 6 
(292,867)
(302,329)

Net current liabilities
  
 
 
(149,818)
 
 
(161,260)

Total assets less current liabilities
  
(149,559)
(160,936)

  

Net liabilities
  
(149,559)
(160,936)


Capital and reserves
  

Called up share capital 
  
5,000
5,000

Profit and loss account
  
(154,559)
(165,936)

  
(149,559)
(160,936)


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 March 2025.




Chintamani Vasant Garbhe
Director

Page 1

 


KINGFISHER APPARELS LIMITED
REGISTERED NUMBER:02716631


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


KINGFISHER APPARELS LIMITED
 


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

1.


General information

Kingfisher Apparels Limited is a private company, limited by shares, registered in England and Wales. The company's registered number 02716631 and registered office address can be found on the Company Information page.
The company's functional and presentational currency is GBP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

As at the year end the company has net liabilities of £149,559 (2023: net liabilities of £160,936). The directors have confirmed that they will continue to provide financial support so that the company will be able to meet the creditors as they fall due.

  
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is generated through a clothing retail store and measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

Page 3

 


KINGFISHER APPARELS LIMITED
 


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

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 


KINGFISHER APPARELS LIMITED
 


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

2.Accounting policies (continued)

 
2.8

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the company's Statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 -1).

Page 5

 


KINGFISHER APPARELS LIMITED
 


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

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 July 2023
6,522



At 30 June 2024

6,522



Depreciation


At 1 July 2023
6,198


Charge for the year on owned assets
65



At 30 June 2024

6,263



Net book value



At 30 June 2024
259



At 30 June 2023
324


5.


Debtors

2024
2023
£
£


Trade debtors
67,869
36,335

Other debtors
-
661

Prepayments and accrued income
1,838
1,838

69,707
38,834



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
14,173
18,958

Trade creditors
201,377
169,700

Other taxation and social security
11,897
7,862

Other creditors
60,453
98,359

Accruals and deferred income
4,967
7,450

292,867
302,329


Page 6

 


KINGFISHER APPARELS LIMITED
 


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

7.


Commitments under operating leases

At 30 June 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
8,167
14,000

Later than 1 year and not later than 5 years
-
8,167

8,167
22,167

 
Page 7